JPMorgan Chase & Co. Sells 248,092 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

JPMorgan Chase & Co. lessened its stake in TTEC Holdings, Inc. (NASDAQ:TTEC) by 96.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,545 shares of the business services provider’s stock after selling 248,092 shares during the quarter. JPMorgan Chase & Co.’s holdings in TTEC were worth $56,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TTEC. Royce & Associates LP increased its stake in shares of TTEC by 77.6% in the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after acquiring an additional 344,496 shares during the last quarter. AQR Capital Management LLC grew its holdings in TTEC by 227.2% during the second quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock valued at $3,710,000 after purchasing an additional 438,072 shares during the period. Walleye Capital LLC increased its stake in TTEC by 44.3% in the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after purchasing an additional 135,355 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in TTEC by 40.8% in the third quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock worth $1,123,000 after purchasing an additional 55,407 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of TTEC by 67.3% during the third quarter. Assenagon Asset Management S.A. now owns 103,200 shares of the business services provider’s stock worth $606,000 after purchasing an additional 41,497 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.90.

TTEC Stock Down 4.8 %

Shares of TTEC stock opened at $3.60 on Tuesday. TTEC Holdings, Inc. has a 12-month low of $3.59 and a 12-month high of $19.74. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a fifty day moving average of $4.61 and a 200-day moving average of $5.05. The company has a market capitalization of $171.83 million, a price-to-earnings ratio of -0.52, a P/E/G ratio of 1.51 and a beta of 1.04.

TTEC 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.