Beutel Goodman & Co Ltd. Cuts Holdings in TELUS International (Cda) Inc. (NYSE:TIXT)

Beutel Goodman & Co Ltd. trimmed its position in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,263,260 shares of the company’s stock after selling 344,070 shares during the period. Beutel Goodman & Co Ltd. owned about 0.82% of TELUS International (Cda) worth $8,891,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TIXT. Virtu Financial LLC bought a new stake in shares of TELUS International (Cda) in the 3rd quarter worth approximately $54,000. Walleye Capital LLC bought a new stake in shares of TELUS International (Cda) during the third quarter valued at approximately $60,000. PFW Advisors LLC purchased a new stake in TELUS International (Cda) in the fourth quarter worth about $67,000. Orion Portfolio Solutions LLC bought a new position in shares of TELUS International (Cda) during the third quarter valued at $96,000. Finally, Centiva Capital LP purchased a new stake in TELUS International (Cda) during the 3rd quarter valued at $103,000. 59.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TIXT. Stifel Canada upgraded shares of TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Stifel Nicolaus assumed coverage on shares of TELUS International (Cda) in a report on Thursday, January 16th. They issued a “buy” rating and a $5.00 target price on the stock. Finally, TD Securities raised their price target on TELUS International (Cda) from $3.75 to $4.00 and gave the company a “hold” rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.00.

TELUS International (Cda) Stock Performance

Shares of NYSE:TIXT opened at $2.70 on Friday. TELUS International has a 52 week low of $2.61 and a 52 week high of $8.96. The company has a market capitalization of $741.13 million, a price-to-earnings ratio of -7.70, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $3.30 and a 200 day moving average of $3.59.

TELUS International (Cda) (NYSE:TIXT) last released its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). TELUS International (Cda) had a positive return on equity of 5.73% and a negative net margin of 2.30%. The company had revenue of $691.00 million for the quarter, compared to analysts’ expectations of $672.44 million. On average, sell-side analysts predict that TELUS International will post 0.32 earnings per share for the current fiscal year.

TELUS International (Cda) 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.