Counterpoint Mutual Funds LLC bought a new stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC – Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 17,049 shares of the business services provider’s stock, valued at approximately $177,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Covestor Ltd grew its stake in shares of TTEC by 43,433.3% in the 3rd quarter. Covestor Ltd now owns 1,306 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 1,303 shares during the period. Quadrant Capital Group LLC grew its position in TTEC by 128.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,607 shares during the period. PNC Financial Services Group Inc. raised its stake in TTEC by 62.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,084 shares of the business services provider’s stock worth $81,000 after acquiring an additional 1,185 shares in the last quarter. Quest Partners LLC bought a new position in shares of TTEC during the fourth quarter valued at $96,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of TTEC in the 4th quarter valued at $206,000. Institutional investors own 38.03% of the company’s stock.
TTEC Trading Down 14.4 %
NASDAQ:TTEC traded down $0.89 on Tuesday, hitting $5.27. 931,285 shares of the stock were exchanged, compared to its average volume of 413,896. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.61 and a current ratio of 1.61. TTEC Holdings, Inc. has a 52 week low of $5.27 and a 52 week high of $35.67. The stock has a market capitalization of $250.64 million, a price-to-earnings ratio of -22.08, a P/E/G ratio of 1.08 and a beta of 1.11. The company’s 50-day moving average price is $7.10 and its 200 day moving average price is $13.30.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TTEC. Canaccord Genuity Group downgraded shares of TTEC from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Barrington Research downgraded TTEC from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th. Guggenheim assumed coverage on TTEC in a report on Tuesday, March 19th. They set a “sell” rating and a $8.00 target price on the stock. Craig Hallum cut their price target on TTEC from $18.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, Canaccord Genuity Group decreased their price objective on shares of TTEC from $13.00 to $8.00 and set a “hold” rating on the stock in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, TTEC currently has an average rating of “Hold” and a consensus target price of $15.60.
Read Our Latest Report on TTEC
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.
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