Stock Traders Buy Large Volume of Call Options on TTEC (NASDAQ:TTEC)

TTEC Holdings, Inc. (NASDAQ:TTEC) was the target of some unusual options trading activity on Wednesday. Stock traders purchased 4,522 call options on the company. This represents an increase of approximately 1,196% compared to the average volume of 349 call options.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTEC. Canaccord Genuity Group dropped their price objective on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research note on Tuesday, August 13th. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. Northland Securities dropped their target price on TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Guggenheim upgraded TTEC from a “sell” rating to a “neutral” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.90.

TTEC Trading Up 4.4 %

Shares of NASDAQ:TTEC opened at $4.48 on Thursday. TTEC has a 1 year low of $3.67 and a 1 year high of $22.69. The stock’s fifty day moving average price is $5.07 and its 200-day moving average price is $5.78. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market cap of $213.83 million, a P/E ratio of -0.61, a PEG ratio of 3.06 and a beta of 1.05.

Hedge Funds Weigh In On TTEC

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in TTEC during the 3rd quarter worth $59,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of TTEC during the second quarter worth about $72,000. Nisa Investment Advisors LLC raised its position in shares of TTEC by 280.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock worth $78,000 after purchasing an additional 9,809 shares during the last quarter. Magnetar Financial LLC purchased a new stake in TTEC in the 2nd quarter worth approximately $80,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of TTEC during the 1st quarter valued at $86,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

About TTEC

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.