Walleye Capital LLC raised its stake in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 44.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 441,151 shares of the business services provider's stock after purchasing an additional 135,355 shares during the period. Walleye Capital LLC owned 0.92% of TTEC worth $2,590,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in TTEC in the 2nd quarter worth about $363,000. Vanguard Group Inc. grew its position in TTEC by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider's stock worth $26,653,000 after purchasing an additional 160,567 shares in the last quarter. AQR Capital Management LLC boosted its stake in TTEC by 227.2% in the second quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider's stock valued at $3,710,000 after acquiring an additional 438,072 shares during the last quarter. Royce & Associates LP boosted its stake in TTEC by 77.6% in the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider's stock valued at $4,629,000 after acquiring an additional 344,496 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in TTEC by 324.2% in the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider's stock valued at $6,941,000 after acquiring an additional 902,159 shares during the last quarter. 38.03% of the stock is owned by institutional investors.
TTEC Price Performance
Shares of NASDAQ:TTEC traded down $0.08 during trading on Wednesday, reaching $5.05. The company had a trading volume of 365,971 shares, compared to its average volume of 541,001. The company has a fifty day moving average of $5.24 and a two-hundred day moving average of $5.60. The stock has a market capitalization of $241.03 million, a P/E ratio of -0.72, a price-to-earnings-growth ratio of 3.38 and a beta of 1.05. TTEC Holdings, Inc. has a 12 month low of $3.67 and a 12 month high of $22.69. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on TTEC shares. Northland Securities dropped their target price on shares of TTEC from $19.00 to $16.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 13th. Canaccord Genuity Group dropped their price target on shares of TTEC from $8.00 to $4.50 and set a "hold" rating on the stock in a research note on Tuesday, August 13th. StockNews.com cut shares of TTEC from a "hold" rating to a "sell" rating in a research note on Friday, November 15th. Finally, Guggenheim upgraded shares of TTEC from a "sell" rating to a "neutral" rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $11.90.
Check Out Our Latest Stock Report on TTEC
About TTEC
(
Free Report)
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.
See Also
Before you consider TTEC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TTEC wasn't on the list.
While TTEC currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
