TDCX (NYSE:TDCX) Shares Up 2.8%

Shares of TDCX Inc. (NYSE:TDCX) shot up 2.8% during mid-day trading on Tuesday . The company traded as high as $5.88 and last traded at $5.83. 38,273 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 115,189 shares. The stock had previously closed at $5.67.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TDCX. JPMorgan Chase & Co. reduced their target price on TDCX from $12.10 to $9.80 in a research note on Friday, June 2nd. HSBC upgraded TDCX from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Thursday, August 24th.

TDCX Trading Up 5.1 %

The company has a current ratio of 7.35, a quick ratio of 7.35 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $863.72 million, a price-to-earnings ratio of 10.30 and a beta of 0.06. The company has a fifty day moving average of $6.54 and a 200-day moving average of $7.90.

TDCX (NYSE:TDCX) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. TDCX had a return on equity of 18.68% and a net margin of 16.37%. The company had revenue of $126.22 million for the quarter, compared to analysts’ expectations of $127.25 million. During the same period in the previous year, the firm posted $0.13 EPS. As a group, equities research analysts anticipate that TDCX Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDCX. Citigroup Inc. acquired a new position in shares of TDCX during the 1st quarter worth approximately $83,000. Acadian Asset Management LLC purchased a new stake in shares of TDCX during the 1st quarter valued at approximately $585,000. Lazard Asset Management LLC purchased a new stake in shares of TDCX during the 1st quarter valued at approximately $3,508,000. Brinker Capital Investments LLC purchased a new stake in shares of TDCX during the 1st quarter valued at approximately $529,000. Finally, Goldman Sachs Group Inc. raised its position in shares of TDCX by 41.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,838 shares of the company’s stock valued at $39,534,000 after buying an additional 958,863 shares during the period. 10.47% of the stock is currently owned by institutional investors and hedge funds.

TDCX Company Profile

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.