Quantbot Technologies LP Buys 7,527 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Quantbot Technologies LP grew its stake in TTEC Holdings, Inc. (NASDAQ:TTEC) by 140.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,883 shares of the business services provider’s stock after acquiring an additional 7,527 shares during the period. Quantbot Technologies LP’s holdings in TTEC were worth $64,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd bought a new stake in TTEC in the third quarter valued at approximately $59,000. GAMMA Investing LLC increased its position in shares of TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after buying an additional 11,717 shares in the last quarter. Pacific Sun Financial Corp bought a new position in TTEC during the fourth quarter worth about $72,000. Proficio Capital Partners LLC acquired a new position in TTEC in the fourth quarter valued at about $85,000. Finally, Quantinno Capital Management LP bought a new stake in shares of TTEC in the third quarter worth about $121,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Price Performance

TTEC stock opened at $3.27 on Wednesday. The stock’s fifty day moving average price is $3.56 and its two-hundred day moving average price is $4.46. The firm has a market cap of $156.17 million, a PE ratio of -0.47, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $10.07.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The firm had revenue of $567.44 million during the quarter, compared to the consensus estimate 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, research analysts expect that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTEC. Canaccord Genuity Group reduced their target price on shares of TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research note 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.