TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 140.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,883 shares of the business services provider’s stock after buying an additional 7,527 shares during the period. Quantbot Technologies LP’s holdings in TTEC were worth $64,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Walleye Capital LLC grew its position in TTEC by 44.3% in the 3rd quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after buying an additional 135,355 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in TTEC by 40.8% during the third quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock worth $1,123,000 after acquiring an additional 55,407 shares during the period. FNY Investment Advisers LLC grew its stake in shares of TTEC by 300.0% in the 4th quarter. FNY Investment Advisers LLC now owns 40,000 shares of the business services provider’s stock worth $199,000 after purchasing an additional 30,000 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in TTEC during the fourth quarter valued at approximately $176,000. Finally, Barclays PLC lifted its position in shares of 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 acquiring an additional 18,339 shares during the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTEC. StockNews.com upgraded shares of 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 TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.83.

TTEC Stock Down 0.6 %

TTEC opened at $3.27 on Wednesday. The firm has a market cap of $156.17 million, a price-to-earnings ratio of -0.47, a PEG ratio of 1.53 and a beta of 1.09. 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 firm’s 50-day simple moving average is $3.56 and its 200-day simple moving average is $4.46. TTEC Holdings, Inc. has a twelve month low of $3.11 and a twelve month high of $10.07.

TTEC (NASDAQ:TTEC) last announced its earnings results on Thursday, February 27th. The business services provider reported $0.12 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 business had revenue of $567.44 million for the quarter, compared to the consensus estimate of $575.73 million. Equities research analysts anticipate that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal 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.