Charles Schwab Investment Management Inc. Has $928,000 Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Charles Schwab Investment Management Inc. lowered its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 18.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,916 shares of the business services provider’s stock after selling 42,097 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.39% of TTEC worth $928,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTEC. XTX Topco Ltd bought a new position in shares of TTEC in the third quarter worth about $59,000. GAMMA Investing LLC increased its position in TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock worth $64,000 after buying an additional 11,717 shares during the period. Pacific Sun Financial Corp acquired a new position in shares of TTEC during the fourth quarter worth approximately $72,000. Proficio Capital Partners LLC bought a new stake in shares of TTEC in the fourth quarter valued at approximately $85,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of TTEC in the third quarter worth $121,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

TTEC Stock Up 3.5 %

Shares of NASDAQ TTEC opened at $3.54 on Monday. TTEC Holdings, Inc. has a 52-week low of $3.11 and a 52-week high of $10.61. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market cap 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. The firm has a 50 day moving average price of $3.59 and a 200 day moving average price of $4.47.

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

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.