State of Wyoming Grows Position in TELUS Digital (NYSE:TIXT)

State of Wyoming grew its holdings in TELUS Digital (NYSE:TIXT) by 50.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,853 shares of the company’s stock after buying an additional 23,325 shares during the period. State of Wyoming’s holdings in TELUS Digital were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TIXT. Wells Fargo & Company MN boosted its stake in TELUS Digital by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock worth $1,244,000 after buying an additional 3,397 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of TELUS Digital by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 113,690 shares of the company’s stock worth $446,000 after acquiring an additional 3,667 shares during the period. Blue Trust Inc. boosted its position in shares of TELUS Digital by 27.3% during the 4th quarter. Blue Trust Inc. now owns 28,560 shares of the company’s stock valued at $112,000 after acquiring an additional 6,132 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its holdings in shares of TELUS Digital by 17.5% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 56,135 shares of the company’s stock valued at $220,000 after purchasing an additional 8,350 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in TELUS Digital during the fourth quarter worth about $37,000. 59.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. TD Securities increased their price target on shares of TELUS Digital from $3.75 to $4.00 and gave the company a “hold” rating in a research note on Friday, February 14th. National Bankshares lowered their price objective on TELUS Digital from $4.25 to $3.00 and set a “sector perform” rating for the company in a research report on Friday, April 25th. BMO Capital Markets reduced their target price on TELUS Digital from $4.50 to $3.00 and set a “market perform” rating on the stock in a research report on Monday, May 12th. Scotiabank decreased their price target on TELUS Digital from $5.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. Finally, Barclays cut their price objective on TELUS Digital from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TELUS Digital presently has an average rating of “Hold” and an average target price of $4.07.

TELUS Digital Stock Down 0.9%

Shares of TIXT opened at $2.71 on Friday. The company’s 50-day simple moving average is $2.60 and its 200-day simple moving average is $3.26. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. TELUS Digital has a 1 year low of $2.13 and a 1 year high of $6.86. The stock has a market capitalization of $745.63 million, a PE ratio of -7.73, a P/E/G ratio of 4.71 and a beta of 0.72.

TELUS Digital (NYSE:TIXT) last released its earnings results on Friday, May 9th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. TELUS Digital had a negative net margin of 2.30% and a positive return on equity of 5.73%. The company had revenue of $647.04 million for the quarter, compared to analyst estimates of $650.18 million. Analysts forecast that TELUS Digital will post 0.32 earnings per share for the current fiscal year.

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.