GAMMA Investing LLC Acquires 11,717 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

GAMMA Investing LLC lifted its stake in TTEC Holdings, Inc. (NASDAQ:TTEC) by 1,054.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,828 shares of the business services provider’s stock after purchasing an additional 11,717 shares during the period. GAMMA Investing LLC’s holdings in TTEC were worth $64,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in TTEC during the third quarter valued at about $59,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of TTEC in the 2nd quarter worth approximately $72,000. Magnetar Financial LLC bought a new position in shares of TTEC during the 2nd quarter valued at approximately $80,000. Quantinno Capital Management LP purchased a new position in TTEC during the third quarter worth $121,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in TTEC by 2,145,400.0% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 21,455 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 21,454 shares during the last quarter. 38.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TTEC has been the subject of several analyst reports. StockNews.com lowered shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, TTEC presently has an average rating of “Hold” and a consensus price target of $11.90.

TTEC Stock Down 2.7 %

TTEC stock opened at $4.00 on Monday. The firm has a market cap of $190.92 million, a P/E ratio of -0.57, a P/E/G ratio of 3.36 and a beta of 1.06. 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 twelve month low of $3.67 and a twelve month high of $22.66. The business has a fifty day moving average of $4.89 and a two-hundred day moving average of $5.29.

TTEC Company Profile

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.