JPMorgan Chase & Co. Buys Shares of 6,195,014 TELUS International (Cda) Inc. (NYSE:TIXT)

JPMorgan Chase & Co. purchased a new stake in TELUS International (Cda) Inc. (NYSE:TIXT) during the 3rd quarter, Holdings Channel reports. The firm purchased 6,195,014 shares of the company’s stock, valued at approximately $24,223,000.

Several other large investors also recently made changes to their positions in TIXT. QV Investors Inc. boosted its position in shares of TELUS International (Cda) by 398.0% during the third quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after buying an additional 4,804,521 shares during the period. Horrell Capital Management Inc. bought a new stake in TELUS International (Cda) during the 3rd quarter valued at $2,248,000. Mackenzie Financial Corp boosted its position in TELUS International (Cda) by 5.9% during the 2nd quarter. Mackenzie Financial Corp now owns 8,440,050 shares of the company’s stock worth $48,744,000 after acquiring an additional 472,103 shares during the period. Northwest & Ethical Investments L.P. boosted its position in TELUS International (Cda) by 256.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after acquiring an additional 1,310,287 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of TELUS International (Cda) in the third quarter worth $3,257,000. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Stock Performance

NYSE:TIXT opened at $3.20 on Thursday. The company has a 50-day moving average of $3.81 and a 200-day moving average of $4.19. The firm has a market cap of $880 million, a price-to-earnings ratio of -64.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. TELUS International has a twelve month low of $2.83 and a twelve month high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last issued its earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.10 million. TELUS International (Cda) had a net margin of 1.17% and a return on equity of 9.67%. During the same period last year, the firm posted $0.19 earnings per share. Analysts forecast that TELUS International will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Desjardins upgraded shares of TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, TELUS International (Cda) currently has an average rating of “Hold” and a consensus price target of $7.37.

TELUS International (Cda) Company Profile

TELUS International (Cda) 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.