Sumitomo Mitsui Trust Holdings Inc. Increases Stock Position in TDCX Inc. (NYSE:TDCX)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of TDCX Inc. (NYSE:TDCX) by 69.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 868,623 shares of the company’s stock after acquiring an additional 357,278 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.60% of TDCX worth $4,213,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its stake in shares of TDCX by 696.0% in the 3rd 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 during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of TDCX by 130.3% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 127,871 shares of the company’s stock worth $756,000 after purchasing an additional 72,351 shares during the period. Finally, Barclays PLC bought a new position in shares of TDCX in the 2nd quarter worth approximately $31,000. Institutional investors own 10.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HSBC cut shares of TDCX from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th.

TDCX Price Performance

NYSE TDCX opened at $7.13 on Wednesday. TDCX Inc. has a 12 month low of $4.22 and a 12 month high of $10.42. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 11.49 and a beta of 0.29. The company’s 50 day moving average is $6.92 and its two-hundred day moving average is $5.89. The company has a current ratio of 7.64, a quick ratio of 8.16 and a debt-to-equity ratio of 0.03.

TDCX (NYSE:TDCX) last released its earnings results on Wednesday, March 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. TDCX had a net margin of 18.24% and a return on equity of 18.91%. The company had revenue of $120.43 million for the quarter, compared to analysts’ expectations of $118.67 million. As a group, research analysts anticipate that TDCX Inc. will post 0.63 earnings per share for the current year.

TDCX 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.