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

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

Several other hedge funds and other institutional investors also recently made changes to their positions in TTEC. Vanguard Group Inc. raised its stake in TTEC by 6.7% during the first quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock valued at $26,653,000 after buying an additional 160,567 shares during the last quarter. Federated Hermes Inc. boosted its stake in TTEC by 324.2% in the 2nd quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after purchasing an additional 902,159 shares in the last quarter. AQR Capital Management LLC boosted its stake in TTEC by 227.2% in the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after purchasing an additional 438,072 shares in the last quarter. Invenomic Capital Management LP bought a new stake in TTEC during the 1st quarter valued at about $2,910,000. Finally, Assenagon Asset Management S.A. raised its holdings in TTEC by 67.3% in the third quarter. Assenagon Asset Management S.A. now owns 103,200 shares of the business services provider’s stock worth $606,000 after buying an additional 41,497 shares during the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TTEC Price Performance

NASDAQ TTEC opened at $4.56 on Tuesday. The stock has a market capitalization of $217.64 million, a price-to-earnings ratio of -0.68, a PEG ratio of 3.06 and a beta of 1.05. TTEC Holdings, Inc. has a 1-year low of $3.67 and a 1-year high of $22.69. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The business’s fifty day moving average price is $5.06 and its 200-day moving average price is $5.82.

Analyst Upgrades and Downgrades

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