Marshall Wace LLP Invests $413,000 in TTEC Holdings, Inc. (NASDAQ:TTEC)

Marshall Wace LLP purchased a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,261 shares of the business services provider’s stock, valued at approximately $413,000. Marshall Wace LLP owned approximately 0.15% of TTEC at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TTEC. PNC Financial Services Group Inc. grew its stake in TTEC by 42.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the business services provider’s stock worth $95,000 after buying an additional 1,323 shares during the last quarter. Quadrature Capital Ltd raised its position in TTEC by 45.4% in the 4th quarter. Quadrature Capital Ltd now owns 23,555 shares of the business services provider’s stock valued at $511,000 after purchasing an additional 7,356 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in TTEC in the first quarter worth $177,000. BNP Paribas Financial Markets boosted its stake in TTEC by 47.2% in the first quarter. BNP Paribas Financial Markets now owns 45,958 shares of the business services provider’s stock worth $477,000 after purchasing an additional 14,728 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of TTEC by 56.8% during the first quarter. Janney Montgomery Scott LLC now owns 33,121 shares of the business services provider’s stock worth $343,000 after purchasing an additional 11,997 shares during the last quarter. 38.03% of the stock is currently owned by institutional investors.

TTEC Trading Down 1.9 %

Shares of NASDAQ TTEC opened at $5.81 on Friday. TTEC Holdings, Inc. has a fifty-two week low of $3.67 and a fifty-two week high of $25.81. The firm has a market capitalization of $276.31 million, a P/E ratio of -22.35, a P/E/G ratio of 3.28 and a beta of 1.04. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56. The company’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $6.47.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Northland Securities reduced their price target on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Canaccord Genuity Group decreased their price target on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, Guggenheim upgraded TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.