XTX Topco Ltd Makes New $59,000 Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

XTX Topco Ltd purchased a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,115 shares of the business services provider’s stock, valued at approximately $59,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP bought a new position in TTEC in the 3rd quarter valued at about $121,000. ClearAlpha Technologies LP acquired a new position in shares of TTEC in the third quarter valued at about $411,000. Walleye Capital LLC increased its position in TTEC by 44.3% during the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after acquiring an additional 135,355 shares during the period. BNP Paribas Financial Markets grew its position 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 buying an additional 55,407 shares in the last quarter. Finally, Royce & Associates LP increased its stake in TTEC by 77.6% during the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock worth $4,629,000 after acquiring an additional 344,496 shares during the period. Institutional investors own 38.03% of the company’s stock.

TTEC Trading Down 1.1 %

Shares of TTEC stock opened at $4.54 on Monday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $216.69 million, a P/E ratio of -0.65, a P/E/G ratio of 3.36 and a beta of 1.05. TTEC Holdings, Inc. has a twelve month low of $3.67 and a twelve month high of $22.66. The stock’s fifty day simple moving average is $5.15 and its 200 day simple moving average is $5.48.

Analyst Upgrades and Downgrades

TTEC has been the subject of several analyst reports. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. StockNews.com downgraded TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.90.

TTEC 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.