TDCX (NYSE:TDCX) Stock Price Down 0.3%

Shares of TDCX Inc. (NYSE:TDCX) fell 0.3% during mid-day trading on Thursday . The company traded as low as $7.06 and last traded at $7.07. 27,821 shares were traded during trading, a decline of 90% from the average session volume of 287,831 shares. The stock had previously closed at $7.09.

Analysts Set New Price Targets

Separately, HSBC lowered TDCX from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

TDCX Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 7.64 and a quick ratio of 8.16. The business’s 50-day moving average is $6.88 and its two-hundred day moving average is $5.87. The firm has a market cap of $1.02 billion, a P/E ratio of 11.40 and a beta of 0.29.

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

Institutional Investors Weigh In On TDCX

Several institutional investors have recently made changes to their positions in the stock. Citigroup Inc. bought a new position in TDCX in the first quarter valued at approximately $83,000. Acadian Asset Management LLC bought a new stake in shares of TDCX during the 1st quarter worth $585,000. Lazard Asset Management LLC acquired a new stake in TDCX in the first quarter valued at about $3,508,000. Brinker Capital Investments LLC acquired a new position in TDCX during the first quarter worth about $529,000. Finally, Goldman Sachs Group Inc. lifted its stake in TDCX by 41.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,253,838 shares of the company’s stock valued at $39,534,000 after purchasing an additional 958,863 shares during the last quarter. 10.95% of the stock is currently owned by institutional investors.

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.