Royce & Associates LP Buys 344,496 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Royce & Associates LP boosted its position in TTEC Holdings, Inc. (NASDAQ:TTEC) by 77.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 788,622 shares of the business services provider’s stock after acquiring an additional 344,496 shares during the quarter. Royce & Associates LP owned 1.65% of TTEC worth $4,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System purchased a new position in shares of TTEC during the 1st quarter valued at about $86,000. EntryPoint Capital LLC bought a new stake in shares of TTEC in the 1st quarter worth approximately $88,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of TTEC in the 2nd quarter valued at $72,000. Nisa Investment Advisors LLC grew its holdings in shares of TTEC by 280.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 9,809 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new position in TTEC in the 2nd quarter worth $80,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TTEC Trading Down 3.8 %

NASDAQ:TTEC opened at $4.56 on Tuesday. TTEC Holdings, Inc. has a 12 month low of $3.67 and a 12 month high of $22.69. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The company has a 50-day moving average price of $5.06 and a 200-day moving average price of $5.82. The stock has a market cap of $217.64 million, a price-to-earnings ratio of -0.68, a P/E/G ratio of 3.06 and a beta of 1.05.

Wall Street Analyst Weigh In

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