TELUS International (Cda) Inc. (NYSE:TIXT) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its holdings in shares of TELUS International (Cda) Inc. (NYSE:TIXT) by 6.9% during the third quarter, HoldingsChannel.com reports. The fund owned 110,023 shares of the company’s stock after selling 8,182 shares during the quarter. Franklin Resources Inc.’s holdings in TELUS International (Cda) were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TIXT. QV Investors Inc. boosted its stake in TELUS International (Cda) by 398.0% during the 3rd quarter. QV Investors Inc. now owns 6,011,720 shares of the company’s stock worth $23,496,000 after purchasing an additional 4,804,521 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in shares of TELUS International (Cda) by 256.5% during the third quarter. Northwest & Ethical Investments L.P. now owns 1,821,074 shares of the company’s stock worth $7,110,000 after buying an additional 1,310,287 shares during the period. Jane Street Group LLC purchased a new position in shares of TELUS International (Cda) during the third quarter worth about $3,257,000. Circumference Group LLC acquired a new position in TELUS International (Cda) in the 3rd quarter valued at about $2,248,000. Finally, Horrell Capital Management Inc. purchased a new stake in TELUS International (Cda) during the 3rd quarter valued at approximately $2,248,000. 59.55% of the stock is owned by institutional investors and hedge funds.

TELUS International (Cda) Price Performance

TIXT stock opened at $3.92 on Wednesday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -78.40, a PEG ratio of 1.22 and a beta of 0.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $3.80 and a 200-day moving average of $4.26. TELUS International has a 12-month low of $2.83 and a 12-month high of $11.51.

TELUS International (Cda) (NYSE:TIXT) last posted its earnings results on Friday, November 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.10 million. TELUS International (Cda) had a return on equity of 9.67% and a net margin of 1.17%. During the same quarter in the prior year, the company earned $0.19 earnings per share. As a group, equities analysts expect that TELUS International will post 0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Desjardins upgraded TELUS International (Cda) to a “hold” rating in a research note on Thursday, September 26th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently 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.