Prudential Financial Inc. Sells 193,500 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Prudential Financial Inc. lowered its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 40.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 284,132 shares of the business services provider’s stock after selling 193,500 shares during the quarter. Prudential Financial Inc. owned approximately 0.60% of TTEC worth $1,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TTEC. XTX Topco Ltd purchased a new stake in TTEC during the third quarter valued at approximately $59,000. Quantbot Technologies LP increased its stake in shares of TTEC by 140.5% in the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock worth $64,000 after purchasing an additional 7,527 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 purchasing an additional 11,717 shares during the period. Pacific Sun Financial Corp purchased a new position in TTEC during the fourth quarter valued at $72,000. Finally, Proficio Capital Partners LLC bought a new stake in TTEC during the fourth quarter valued at about $85,000. Institutional investors own 38.03% of the company’s stock.

TTEC Price Performance

Shares of TTEC stock opened at $4.06 on Friday. 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 52 week low of $3.11 and a 52 week high of $9.50. The stock’s 50-day simple moving average is $3.59 and its 200-day simple moving average is $4.46. The company has a market capitalization of $193.90 million, a price-to-earnings ratio of -0.58, a PEG ratio of 1.53 and a beta of 1.22.

TTEC (NASDAQ:TTEC) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $575.73 million. TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. As a group, analysts expect that TTEC Holdings, Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com raised TTEC from a “sell” rating to a “hold” rating in a research note on Saturday, March 8th. Canaccord Genuity Group lowered their price target on shares of TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a 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 company’s stock. According to MarketBeat.com, TTEC presently has a consensus rating of “Hold” and a consensus price target 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.