Cigogne Management SA Takes $729,000 Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Cigogne Management SA acquired a new position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 146,002 shares of the business services provider's stock, valued at approximately $729,000. Cigogne Management SA owned 0.31% of TTEC at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in TTEC by 326.5% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider's stock worth $979,000 after acquiring an additional 150,200 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of TTEC by 304.9% during the 4th quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider's stock worth $823,000 after purchasing an additional 124,263 shares during the last quarter. Diametric Capital LP boosted its stake in TTEC by 137.0% during the 4th quarter. Diametric Capital LP now owns 94,802 shares of the business services provider's stock valued at $473,000 after purchasing an additional 54,802 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of TTEC by 336.9% during the fourth quarter. Renaissance Technologies LLC now owns 64,322 shares of the business services provider's stock worth $321,000 after buying an additional 49,600 shares during the last quarter. Finally, JBF Capital Inc. bought a new stake in shares of TTEC in the fourth quarter valued at approximately $225,000. 38.03% of the stock is owned by institutional investors.

TTEC Stock Performance

Shares of NASDAQ:TTEC traded down $0.14 during trading on Friday, hitting $4.23. 257,323 shares of the stock were exchanged, compared to its average volume of 609,475. The company's fifty day simple moving average is $3.67 and its 200-day simple moving average is $4.33. 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 company has a market capitalization of $202.21 million, a price-to-earnings ratio of -0.61, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a 1-year low of $3.11 and a 1-year high of $8.45.

TTEC (NASDAQ:TTEC - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. The business had revenue of $567.44 million for the quarter, compared to analyst estimates of $575.73 million. Sell-side analysts expect that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TTEC shares. StockNews.com raised shares of TTEC from a "sell" rating to a "hold" rating in a research report on Saturday, March 8th. Canaccord Genuity Group dropped their price objective on shares of TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.83.

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.