TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC boosted its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 304.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,013 shares of the business services provider's stock after buying an additional 124,263 shares during the quarter. Gabelli Funds LLC owned 0.35% of TTEC worth $823,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TTEC. Geode Capital Management LLC lifted its holdings in TTEC by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider's stock worth $2,321,000 after buying an additional 9,295 shares in the last quarter. Diametric Capital LP raised its stake in shares of TTEC by 137.0% in the fourth quarter. Diametric Capital LP now owns 94,802 shares of the business services provider's stock valued at $473,000 after acquiring an additional 54,802 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in TTEC by 336.9% in the fourth quarter. Renaissance Technologies LLC now owns 64,322 shares of the business services provider's stock valued at $321,000 after purchasing an additional 49,600 shares during the period. FNY Investment Advisers LLC boosted its holdings in TTEC by 300.0% in the fourth quarter. FNY Investment Advisers LLC now owns 40,000 shares of the business services provider's stock valued at $199,000 after purchasing an additional 30,000 shares during the period. Finally, Barclays PLC grew its stake in TTEC by 12.2% during the 4th quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock worth $189,000 after purchasing an additional 4,117 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Stock Up 14.1 %

TTEC traded up $0.54 on Thursday, reaching $4.37. The company's stock had a trading volume of 731,748 shares, compared to its average volume of 606,643. The company has a market capitalization of $208.90 million, a price-to-earnings ratio of -0.63, a P/E/G ratio of 1.53 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a fifty-two week low of $3.11 and a fifty-two week high of $8.45. The stock has a 50 day moving average of $3.64 and a two-hundred day moving average of $4.36.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on TTEC shares. Canaccord Genuity Group lowered their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research report on Monday, March 3rd. StockNews.com upgraded shares of TTEC from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, TTEC has a consensus rating of "Hold" and a consensus price target of $10.83.

TTEC Company 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.