FNY Investment Advisers LLC Takes Position in Telus Digital $TIXT

FNY Investment Advisers LLC bought a new stake in shares of Telus Digital (NYSE:TIXT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $181,000.

Several other institutional investors have also recently made changes to their positions in TIXT. Dynamic Technology Lab Private Ltd purchased a new position in shares of Telus Digital during the 1st quarter valued at approximately $58,000. PDT Partners LLC increased its holdings in Telus Digital by 79.9% in the 1st quarter. PDT Partners LLC now owns 28,058 shares of the company’s stock worth $75,000 after acquiring an additional 12,458 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in Telus Digital in the 2nd quarter worth $85,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Telus Digital by 87.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,086 shares of the company’s stock worth $102,000 after acquiring an additional 17,764 shares in the last quarter. Finally, Walleye Capital LLC increased its holdings in Telus Digital by 302.3% in the 1st quarter. Walleye Capital LLC now owns 46,748 shares of the company’s stock worth $126,000 after acquiring an additional 35,129 shares in the last quarter. 59.55% of the stock is owned by hedge funds and other institutional investors.

Telus Digital Price Performance

Telus Digital stock opened at $4.38 on Thursday. Telus Digital has a 52-week low of $2.13 and a 52-week high of $4.60. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.15 and a beta of 0.94. The company has a fifty day simple moving average of $4.32 and a 200-day simple moving average of $3.57. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.85.

Telus Digital (NYSE:TIXT) last released its earnings results on Friday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Telus Digital had a negative net margin of 14.09% and a positive return on equity of 1.99%. The business had revenue of $711.33 million during the quarter, compared to analyst estimates of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. On average, equities analysts anticipate that Telus Digital will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

TIXT has been the subject of several recent analyst reports. National Bank Financial lowered shares of Telus Digital from an “outperform” rating to a “sector perform” rating and set a $4.00 price target for the company. in a report on Monday, July 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Telus Digital in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Telus Digital from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. CIBC lowered shares of Telus Digital from a “neutral” rating to a “tender” rating and boosted their price target for the stock from $3.40 to $4.50 in a report on Wednesday, September 3rd. Finally, Scotiabank upped their target price on shares of Telus Digital from $3.40 to $4.50 and gave the stock a “sector perform” rating in a report on Thursday, September 4th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Telus Digital has an average rating of “Reduce” and a consensus target price of $3.93.

About Telus Digital

TELUS Digital Inc design, builds, and delivers digital solutions for customer experience (CX) in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally. The company provides digital experience solutions, such as AI and bots, omnichannel CX, enterprise mobility solutions, cloud contact center, big data analytics, platform transformation, and UX/UI design; and customer experience solutions, including work anywhere/work from home, contact center outsourcing, technical support, sales growth and customer retention, healthcare/patient experience, and debt collection.