Barclays PLC Raises Stock Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

Barclays PLC raised its stake in TTEC Holdings, Inc. (NASDAQ:TTEC) by 119.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,654 shares of the business services provider’s stock after buying an additional 18,339 shares during the quarter. Barclays PLC owned about 0.07% of TTEC worth $197,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TTEC. Algert Global LLC boosted its position in shares of TTEC by 3.9% during the 2nd quarter. Algert Global LLC now owns 86,287 shares of the business services provider’s stock worth $507,000 after purchasing an additional 3,230 shares during the period. American Century Companies Inc. boosted its position in shares of TTEC by 16.2% during the second quarter. American Century Companies Inc. now owns 26,965 shares of the business services provider’s stock worth $159,000 after buying an additional 3,756 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of TTEC by 66.4% in the second quarter. Ensign Peak Advisors Inc now owns 22,808 shares of the business services provider’s stock valued at $134,000 after buying an additional 9,100 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of TTEC in the 3rd quarter valued at $59,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in TTEC during the 2nd quarter worth about $72,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Stock Performance

Shares of TTEC stock opened at $4.49 on Tuesday. The business has a 50-day simple moving average of $4.98 and a 200-day simple moving average of $5.34. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. TTEC Holdings, Inc. has a one year low of $3.67 and a one year high of $22.66. The company has a market cap of $214.30 million, a PE ratio of -0.64, a P/E/G ratio of 3.36 and a beta of 1.06.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com downgraded TTEC from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.90.

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.