Goldman Sachs Asset Management LP recently announced the acquisition of new stake in TDCX Inc. (NYSE:TDCX). The institutional investor has increased its shareholding in the Industrials company by 1.27% to 2.62 million shares with purchase of 32981.0 shares. This fresh investment now brings its stake to 11.78% valued currently at $32.47 million. In addition, Capital Research & Management Co raised its holdings by 1.51 million to 1.78 million shares. And J.O. Hambro Capital Management Lt has lifted its position by 48.91% or 0.43 million shares – to 1.31 million shares.
With over 0.13 million TDCX Inc. (TDCX) shares trading Friday and a closing price of $12.58 on the day, the dollar volume was approximately $1.66 million. The shares have shown a positive half year performance of 40.56% and its price on 01/20/23 gained nearly 2.78%. Currently, there are 144.94M common shares owned by the public and among those 22.06M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for TDCX have a consensus price objective of $21.62. The analysts have set the share’s price value over the next 12 months at a high of $26.20 and a low of $18.57. The average price target is 22.68% above its recent price level and an upside to the estimated low will see the stock gain 32.26% over that period. But an upside of 51.98% will see the stock hit the forecast high price target while median target price for the stock is $20.33.
The top 3 mutual fund holders in TDCX Inc. are American Funds Small Cap World Fu, Morgan Stanley Invt. Fds. – Emerg, and Government Pension Fund – Global. American Funds Small Cap World Fu owns 1.78 million shares of the company’s stock, all valued at over $22.05 million. Morgan Stanley Invt. Fds. – Emerg bought 58435.0 shares to see its total holdings expand to 1.29 million shares valued at over $15.93 million and representing 5.78% of the shares outstanding. Government Pension Fund – Global bought 0.87 million shares to bring its total holdings to over 0.87 million shares at a value of $10.77 million. Government Pension Fund – Global now owns shares totaling to 3.91% of the shares outstanding.
Shares of TDCX Inc. (NYSE: TDCX) opened at $12.31, up $0.07 from a prior closing price of $12.24. However, the script later moved the day high at 12.91, up 2.78%. The company’s stock has a 5-day price change of -3.90% and 13.03% over the past three months. TDCX shares are trading 1.62% year to date (YTD), with the 12-month market performance down to -9.95% lower. It has a 12-month low price of $6.52 and touched a high of $18.40 over the same period. TDCX has an average intraday trading volume of 161.86K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.40%, 1.06%, and 16.09% respectively.
Institutional ownership of TDCX Inc. (NYSE: TDCX) shares accounts for 89.40% of the company’s 144.94M shares outstanding. Mutual fund holders own 36.99%, while other institutional holders and individual stakeholders account for 53.32% and — respectively.
It has a market capitalization of $1.78B. The stock’s trailing 12-month PE ratio is 22.23, while the earnings-per-share (ttm) stands at $0.57. The company has a PEG of 1.68 and a Quick Ratio of 6.30 with the debt-to-equity ratio at 0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.39% over the week and 7.58% over the month.
Analysts forecast that TDCX Inc. (TDCX) will achieve an EPS of $0.14 for the current quarter, $0.1 for the next quarter and $0.66 for 2023. The lowest estimate earnings-per-share for the quarter is $0.14 while analysts give the company a high EPS estimate of $0.14. Earnings per share for the fiscal year are expected to increase by 33.70%, and 20.70% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate TDCX Inc. (TDCX) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 0 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TDCX, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on March 23, 2022, with the firm’s price target at $19.