TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 36.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,400 shares of the business services provider’s stock after selling 30,600 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.11% of TTEC worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TTEC. BNP Paribas Financial Markets increased its stake in TTEC by 40.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock valued at $1,123,000 after buying an additional 55,407 shares during the period. Walleye Capital LLC increased its stake in shares of TTEC by 44.3% during the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after acquiring an additional 135,355 shares during the period. ClearAlpha Technologies LP bought a new stake in TTEC during the third quarter worth approximately $411,000. Quantinno Capital Management LP acquired a new stake in TTEC in the third quarter worth approximately $121,000. Finally, XTX Topco Ltd bought a new position in TTEC during the 3rd quarter valued at $59,000. 38.03% of the stock is currently owned by institutional investors.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $3.42 on Friday. The company has a market capitalization of $163.33 million, a PE ratio of -0.49, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a fifty day moving average of $3.59 and a 200-day moving average of $4.47. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $10.90.

TTEC (NASDAQ:TTEC) last announced its earnings results on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $567.44 million for the quarter, compared to analysts’ expectations of $575.73 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. As a group, equities analysts anticipate that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTEC has been the subject of several research analyst reports. Canaccord Genuity Group cut their price objective on TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a report on Monday, March 3rd. StockNews.com upgraded shares of TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, TTEC currently has a consensus rating of “Hold” and an average target price of $10.83.

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.