Federated Hermes Inc. Has $6.94 Million Stock Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

Federated Hermes Inc. increased its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 324.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,180,409 shares of the business services provider’s stock after buying an additional 902,159 shares during the period. Federated Hermes Inc. owned 2.48% of TTEC worth $6,941,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TTEC. Charles Schwab Investment Management Inc. boosted its holdings in shares of TTEC by 14.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 281,971 shares of the business services provider’s stock worth $6,110,000 after buying an additional 35,546 shares during the period. Jump Financial LLC boosted its holdings in TTEC by 46.2% in the 4th quarter. Jump Financial LLC now owns 33,313 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 10,525 shares during the period. Janney Montgomery Scott LLC boosted its holdings in TTEC by 33.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,124 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 5,243 shares during the period. Quadrant Capital Group LLC boosted its holdings in TTEC by 128.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,607 shares during the period. Finally, Quest Partners LLC bought a new stake in TTEC in the 4th quarter valued at about $96,000. Institutional investors own 38.03% of the company’s stock.

TTEC Price Performance

TTEC stock opened at $4.31 on Wednesday. The company has a 50 day simple moving average of $5.64 and a 200 day simple moving average of $7.14. The stock has a market cap of $204.97 million, a price-to-earnings ratio of -16.58, a P/E/G ratio of 2.28 and a beta of 1.04. TTEC Holdings, Inc. has a 1 year low of $3.71 and a 1 year high of $28.38. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56.

TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The company had revenue of $534.09 million for the quarter, compared to analyst estimates of $554.67 million. TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. Research analysts anticipate that TTEC Holdings, Inc. will post 0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Canaccord Genuity Group cut their price target on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, Northland Securities cut their price target on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.90.

About TTEC

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.