Counterpoint Mutual Funds LLC Makes New Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

Counterpoint Mutual Funds LLC bought a new stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) 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.

TTEC (NASDAQ:TTEC) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). TTEC had a positive return on equity of 9.61% and a negative net margin of 0.52%. The business had revenue of $576.64 million for the quarter, compared to the consensus estimate of $564.37 million. On average, equities research analysts forecast that TTEC Holdings, Inc. will post 1.07 earnings per share for the current year.

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.

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.