TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 284,132 shares of the business services provider's stock after selling 193,500 shares during the quarter. Prudential Financial Inc. owned about 0.60% of TTEC worth $1,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTEC. XTX Topco Ltd purchased a new stake in TTEC in the third quarter valued at about $59,000. Quantbot Technologies LP raised its stake in shares of TTEC by 140.5% in the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock worth $64,000 after purchasing an additional 7,527 shares during the last quarter. GAMMA Investing LLC grew its holdings in TTEC by 1,054.6% during the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock worth $64,000 after acquiring an additional 11,717 shares during the period. Pacific Sun Financial Corp acquired a new stake in TTEC in the fourth quarter valued at approximately $72,000. Finally, Proficio Capital Partners LLC acquired a new stake in TTEC in the fourth quarter valued at approximately $85,000. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTEC has been the topic of a number of research analyst reports. StockNews.com raised TTEC from a "sell" rating to a "hold" rating in a research note on Saturday, March 8th. Canaccord Genuity Group reduced their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TTEC has a consensus rating of "Hold" and a consensus price target of $10.83.

TTEC Stock Performance

Shares of TTEC stock traded down $0.10 on Thursday, hitting $3.86. The stock had a trading volume of 42,384 shares, compared to its average volume of 618,320. The company's 50 day moving average price is $3.60 and its 200 day moving average price is $4.45. 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 stock has a market cap of $184.35 million, a price-to-earnings ratio of -0.55, a P/E/G ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a 52-week low of $3.11 and a 52-week high of $8.65.

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

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.