TTEC Holdings, Inc. (NASDAQ:TTEC) Stake Lessened by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 36.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,400 shares of the business services provider’s stock after selling 30,600 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TTEC were worth $271,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Walleye Capital LLC grew its stake in TTEC by 44.3% during the 3rd quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after acquiring an additional 135,355 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of TTEC during the fourth quarter worth approximately $176,000. GAMMA Investing LLC grew its position 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 valued at $64,000 after purchasing an additional 11,717 shares in the last quarter. Barclays PLC increased its stake in TTEC by 119.7% in the 3rd quarter. Barclays PLC now owns 33,654 shares of the business services provider’s stock valued at $197,000 after buying an additional 18,339 shares during the period. Finally, XTX Topco Ltd purchased a new stake in TTEC in the 3rd quarter worth approximately $59,000. 38.03% of the stock is owned by institutional investors and hedge funds.

TTEC Stock Performance

TTEC stock opened at $3.42 on Friday. The company has a market capitalization of $163.33 million, a price-to-earnings ratio of -0.49, a P/E/G ratio of 1.53 and a beta of 1.09. The firm has a 50 day moving average of $3.59 and a two-hundred day moving average of $4.47. 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 12 month low of $3.11 and a 12 month high of $10.90.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on TTEC shares. Canaccord Genuity Group lowered their price target on shares of TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a report on Monday, March 3rd. StockNews.com upgraded TTEC from a “sell” rating to a “hold” rating in a research note on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.