Geode Capital Management LLC Trims Stake in TTEC Holdings, Inc. (NASDAQ:TTEC)

Geode Capital Management LLC lessened its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC) by 1.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 455,750 shares of the business services provider’s stock after selling 5,687 shares during the period. Geode Capital Management LLC owned 0.95% of TTEC worth $2,676,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of TTEC in the 3rd quarter valued at about $59,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of TTEC in the second quarter worth approximately $72,000. Magnetar Financial LLC purchased a new stake in TTEC in the second quarter valued at approximately $80,000. Quantinno Capital Management LP bought a new stake in TTEC during the third quarter valued at approximately $121,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in TTEC by 2,145,400.0% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 21,455 shares of the business services provider’s stock worth $126,000 after buying an additional 21,454 shares in the last quarter. Institutional investors own 38.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TTEC. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. StockNews.com downgraded TTEC from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.90.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $4.27 on Wednesday. The company’s fifty day moving average is $4.98 and its 200 day moving average is $5.34. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a 52 week low of $3.67 and a 52 week high of $22.66. The stock has a market cap of $203.80 million, a PE ratio of -0.61, a PEG ratio of 3.36 and a beta of 1.06.

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.