TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 88.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 92,696 shares of the business services provider's stock after selling 695,926 shares during the period. Royce & Associates LP owned about 0.19% of TTEC worth $463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC grew its stake in shares of TTEC by 44.3% in the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider's stock valued at $2,590,000 after buying an additional 135,355 shares in the last quarter. BNP Paribas Financial Markets grew its position in TTEC by 40.8% in 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 acquiring an additional 55,407 shares in the last quarter. ClearAlpha Technologies LP purchased a new stake in TTEC during the third quarter worth about $411,000. FNY Investment Advisers LLC lifted its position in shares of TTEC by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 40,000 shares of the business services provider's stock worth $199,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in shares of TTEC in the fourth quarter valued at approximately $176,000. Hedge funds and other institutional investors own 38.03% of the company's stock.

TTEC Stock Down 2.4 %

NASDAQ TTEC traded down $0.08 on Wednesday, hitting $3.30. 231,685 shares of the stock were exchanged, compared to its average volume of 533,108. TTEC Holdings, Inc. has a fifty-two week low of $3.11 and a fifty-two week high of $10.90. The company has a 50-day moving average price of $3.62 and a 200-day moving average price of $4.49. The company has a market cap of $157.60 million, a PE ratio of -0.47, a PEG ratio of 1.53 and a beta of 1.09. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of 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 note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, TTEC currently has a consensus rating of "Hold" and an average 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.