Bayesian Capital Management LP Invests $45,000 in TELUS International (Cda) Inc. (NYSE:TIXT)

Bayesian Capital Management LP purchased a new stake in shares of TELUS International (Cda) Inc. (NYSE:TIXT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,555 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TIXT. Arrowstreet Capital Limited Partnership raised its holdings in shares of TELUS International (Cda) by 209.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,095,220 shares of the company’s stock valued at $8,222,000 after buying an additional 1,418,119 shares during the last quarter. Blue Trust Inc. raised its stake in shares of TELUS International (Cda) by 62.0% in the fourth quarter. Blue Trust Inc. now owns 36,332 shares of the company’s stock worth $142,000 after acquiring an additional 13,904 shares during the last quarter. Barclays PLC lifted its position in shares of TELUS International (Cda) by 118.8% during the third quarter. Barclays PLC now owns 30,629 shares of the company’s stock worth $120,000 after purchasing an additional 16,629 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TELUS International (Cda) by 19.2% during the fourth quarter. Geode Capital Management LLC now owns 76,811 shares of the company’s stock valued at $301,000 after purchasing an additional 12,366 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of TELUS International (Cda) by 13.0% in the fourth quarter. Bank of Montreal Can now owns 211,122 shares of the company’s stock valued at $829,000 after purchasing an additional 24,368 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS International (Cda) Price Performance

Shares of TIXT opened at $2.71 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $747.01 million, a PE ratio of -7.74, a P/E/G ratio of 4.71 and a beta of 0.72. The stock has a 50 day simple moving average of $2.59 and a 200 day simple moving average of $3.32. TELUS International has a 52-week low of $2.13 and a 52-week high of $6.86.

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

Wall Street Analyst Weigh In

TIXT has been the subject of several research reports. Stifel Canada raised TELUS International (Cda) to a “strong-buy” rating in a research note on Wednesday, January 15th. Scotiabank dropped their price objective on TELUS International (Cda) from $5.00 to $3.00 and set a “sector perform” rating for the company in a report on Tuesday, April 29th. National Bankshares reduced their target price on shares of TELUS International (Cda) from $4.25 to $3.00 and set a “sector perform” rating on the stock in a research note on Friday, April 25th. National Bank Financial raised shares of TELUS International (Cda) from a “sector perform” rating to an “outperform” rating in a research note on Friday. Finally, Barclays reduced their price objective on shares of TELUS International (Cda) from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.23.

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.