Walleye Capital LLC Grows Stock Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Walleye Capital LLC raised its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 44.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,151 shares of the business services provider’s stock after acquiring an additional 135,355 shares during the quarter. Walleye Capital LLC’s holdings in TTEC were worth $2,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of TTEC by 40.8% during the third quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock worth $1,123,000 after purchasing an additional 55,407 shares during the last quarter. Royce & Associates LP raised its holdings in TTEC by 77.6% in the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after buying an additional 344,496 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of 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. Exchange Traded Concepts LLC raised its stake in shares of TTEC by 50.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 72,676 shares of the business services provider’s stock valued at $427,000 after purchasing an additional 24,392 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in TTEC by 2,145,400.0% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 21,455 shares of the business services provider’s stock worth $126,000 after buying an additional 21,454 shares during the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $5.13 on Wednesday. The firm’s 50 day moving average is $5.24 and its two-hundred day moving average is $5.60. The firm has a market capitalization of $244.85 million, a P/E ratio of -0.73, a PEG ratio of 3.38 and a beta of 1.05. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a 52 week low of $3.67 and a 52 week high of $22.69.

Wall Street Analysts Forecast Growth

TTEC has been the subject of several recent research reports. Northland Securities lowered their target price on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. StockNews.com lowered shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a report on Tuesday, October 1st. Finally, Canaccord Genuity Group lowered their target price on TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, TTEC currently 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.