TTEC Holdings, Inc. (NASDAQ:TTEC) Stock Holdings Boosted by Royce & Associates LP

Royce & Associates LP raised its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 77.6% during the third quarter, according to the company in its most recent 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 period. Royce & Associates LP owned about 1.65% of TTEC worth $4,629,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC acquired a new stake in TTEC during the second quarter valued at approximately $72,000. Nisa Investment Advisors LLC increased its holdings in shares of TTEC by 280.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider's stock valued at $78,000 after acquiring an additional 9,809 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of TTEC in the 2nd quarter valued at approximately $80,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of TTEC during the 1st quarter valued at approximately $86,000. Finally, EntryPoint Capital LLC bought a new position in TTEC during the first quarter worth $88,000. Institutional investors and hedge funds own 38.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com lowered shares of TTEC from a "hold" rating to a "sell" rating in a research note on Friday. Guggenheim raised TTEC from a "sell" rating to a "neutral" rating in a report on Tuesday, October 1st. Northland Securities lowered their price objective on TTEC from $19.00 to $16.00 and set an "outperform" rating for the company in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group dropped their target price on TTEC from $8.00 to $4.50 and set a "hold" rating on the stock in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, TTEC presently has a consensus rating of "Hold" and an average price target of $11.90.

TTEC Stock Performance

Shares of NASDAQ:TTEC traded down $0.27 on Tuesday, hitting $4.29. The company's stock had a trading volume of 572,219 shares, compared to its average volume of 548,757. The company has a market capitalization of $204.76 million, a price-to-earnings ratio of -0.61, a price-to-earnings-growth ratio of 3.06 and a beta of 1.05. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. TTEC Holdings, Inc. has a 12 month low of $3.67 and a 12 month high of $22.69. The stock's 50-day moving average is $5.06 and its two-hundred day moving average is $5.80.

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.