TDCX Inc. (NYSE:TDCX – Get Free Report)’s stock price dropped 0.3% on Thursday . The stock traded as low as $7.06 and last traded at $7.07. Approximately 27,821 shares traded hands during trading, a decline of 90% from the average daily volume of 287,831 shares. The stock had previously closed at $7.09.
Wall Street Analyst Weigh In
Separately, HSBC cut shares of TDCX from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.
Get Our Latest Analysis on TDCX
TDCX Price Performance
TDCX (NYSE:TDCX – Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $120.43 million for the quarter, compared to analysts’ expectations of $118.67 million. TDCX had a net margin of 18.24% and a return on equity of 18.91%. As a group, research analysts predict that TDCX Inc. will post 0.63 EPS for the current fiscal year.
Institutional Trading of TDCX
A number of institutional investors and hedge funds have recently made changes to their positions in TDCX. Acadian Asset Management LLC grew its stake in shares of TDCX by 696.0% in the third quarter. Acadian Asset Management LLC now owns 78,729 shares of the company’s stock worth $460,000 after purchasing an additional 68,839 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of TDCX by 130.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 127,871 shares of the company’s stock worth $756,000 after buying an additional 72,351 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of TDCX by 30.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 511,345 shares of the company’s stock worth $3,022,000 after acquiring an additional 118,791 shares during the period. Barclays PLC acquired a new position in shares of TDCX during the second quarter valued at approximately $31,000. Finally, Qube Research & Technologies Ltd bought a new stake in TDCX during the third quarter worth approximately $27,000. 10.95% of the stock is currently owned by institutional investors and hedge funds.
About TDCX
TDCX Inc, together with its subsidiaries, provides outsource contact center services for technology and other blue-chip companies in Singapore, Malaysia, Thailand, the Philippines, Japan, China, Spain, India, Colombia, South Korea, and Romania. It offers digital customer experience solutions, including after-sales service and customer support across various industry verticals, such as travel and hospitality, digital advertising and media, fast-moving consumer goods, technology, financial services, fintech, government and non-governmental organizations, gaming, e-commerce, and education.
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