FNY Investment Advisers LLC Acquires New Position in Telus Digital $TIXT

FNY Investment Advisers LLC acquired a new stake in Telus Digital (NYSE:TIXT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $181,000.

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in Telus Digital by 1,347.7% in the first quarter. Acadian Asset Management LLC now owns 728,179 shares of the company’s stock valued at $1,942,000 after buying an additional 677,879 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Telus Digital by 73.5% in the first quarter. Goldman Sachs Group Inc. now owns 541,635 shares of the company’s stock valued at $1,457,000 after buying an additional 229,369 shares during the last quarter. Nuveen LLC acquired a new position in Telus Digital in the first quarter valued at about $225,000. Circumference Group LLC lifted its position in Telus Digital by 8.0% in the first quarter. Circumference Group LLC now owns 675,000 shares of the company’s stock valued at $1,816,000 after buying an additional 50,000 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in Telus Digital by 302.3% in the first quarter. Walleye Capital LLC now owns 46,748 shares of the company’s stock valued at $126,000 after buying an additional 35,129 shares during the last quarter. Hedge funds and other institutional investors own 59.55% of the company’s stock.

Telus Digital Stock Down 2.6%

Shares of TIXT opened at $4.38 on Thursday. The stock has a market capitalization of $1.21 billion, a PE ratio of -3.15 and a beta of 0.94. Telus Digital has a 1 year low of $2.13 and a 1 year high of $4.60. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50-day simple moving average is $4.32 and its 200-day simple moving average is $3.57.

Telus Digital (NYSE:TIXT) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $660.87 million. Telus Digital has set its FY 2025 guidance at 0.320-0.320 EPS. Analysts forecast that Telus Digital will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on TIXT. National Bank Financial cut shares of Telus Digital from an “outperform” rating to a “sector perform” rating and set a $4.00 target price on the stock. in a research report on Monday, July 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telus Digital in a research report on Wednesday, October 8th. Stifel Canada cut shares of Telus Digital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Morgan Stanley decreased their target price on shares of Telus Digital from $3.49 to $3.40 and set an “equal weight” rating on the stock in a research report on Monday, August 4th. Finally, CIBC cut shares of Telus Digital from a “neutral” rating to a “tender” rating and increased their price target for the stock from $3.40 to $4.50 in a research report on Wednesday, September 3rd. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $3.93.

Telus Digital Profile

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.