9,372 Shares in TELUS Digital (NYSE:TIXT) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new position in shares of TELUS Digital (NYSE:TIXT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,372 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in shares of TELUS Digital by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 316,626 shares of the company’s stock worth $1,244,000 after acquiring an additional 3,397 shares in the last quarter. Franklin Resources Inc. lifted its holdings in TELUS Digital by 3.3% in the fourth 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 last quarter. Blue Trust Inc. grew its stake in TELUS Digital by 27.3% during the 4th quarter. Blue Trust Inc. now owns 28,560 shares of the company’s stock worth $112,000 after buying an additional 6,132 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in TELUS Digital by 17.5% during the 4th 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, Virtu Financial LLC increased its stake in shares of TELUS Digital by 69.3% during the fourth quarter. Virtu Financial LLC now owns 23,202 shares of the company’s stock valued at $91,000 after acquiring an additional 9,500 shares during the period. Institutional investors and hedge funds own 59.55% of the company’s stock.

TELUS Digital Price Performance

NYSE:TIXT traded up $0.28 during mid-day trading on Monday, reaching $2.99. The stock had a trading volume of 327,962 shares, compared to its average volume of 396,047. The stock has a 50-day simple moving average of $2.59 and a two-hundred day simple moving average of $3.31. TELUS Digital has a 12 month low of $2.13 and a 12 month high of $6.86. The stock has a market capitalization of $822.82 million, a PE ratio of -8.53, a P/E/G ratio of 4.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.95.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. National Bankshares cut their price target on shares of TELUS Digital from $4.25 to $3.00 and set a “sector perform” rating for the company in a report on Friday, April 25th. National Bank Financial raised TELUS Digital from a “sector perform” rating to an “outperform” rating in a report on Friday. Stifel Nicolaus assumed coverage on TELUS Digital in a report on Thursday, January 16th. They set a “buy” rating and a $5.00 price objective on the stock. TD Securities lifted their price target on TELUS Digital from $3.75 to $4.00 and gave the company a “hold” rating in a report on Friday, February 14th. Finally, Barclays lowered their target price on shares of TELUS Digital from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.23.

TELUS Digital Company 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.