Proficio Capital Partners LLC Invests $85,000 in TTEC Holdings, Inc. (NASDAQ:TTEC)

Proficio Capital Partners LLC purchased a new position in TTEC Holdings, Inc. (NASDAQ:TTEC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,081 shares of the business services provider’s stock, valued at approximately $85,000.

A number of other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of TTEC during the 3rd quarter valued at $59,000. GAMMA Investing LLC lifted its holdings in shares of TTEC by 1,054.6% during the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 11,717 shares during the last quarter. Pacific Sun Financial Corp bought a new stake in shares of TTEC in the 4th quarter worth approximately $72,000. Quantinno Capital Management LP purchased a new stake in shares of TTEC in the 3rd quarter worth approximately $121,000. Finally, Barclays PLC increased its position in TTEC by 119.7% during the 3rd quarter. Barclays PLC now owns 33,654 shares of the business services provider’s stock valued at $197,000 after buying an additional 18,339 shares in the last quarter. Institutional investors own 38.03% of the company’s stock.

TTEC Stock Performance

NASDAQ:TTEC opened at $3.54 on Friday. The stock has a 50-day moving average price of $3.59 and a 200 day moving average price of $4.47. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a 12-month low of $3.11 and a 12-month high of $10.61. The stock has a market capitalization of $169.06 million, a P/E ratio of -0.51, a P/E/G ratio of 1.53 and a beta of 1.09.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. The firm had revenue of $567.44 million for the quarter, compared to analysts’ expectations of $575.73 million. Equities research analysts forecast that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group reduced their price target on TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a report on Monday, March 3rd. StockNews.com upgraded shares of TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.83.

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.