82,000 Shares in TTEC Holdings, Inc. (NASDAQ:TTEC) Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC bought a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 82,000 shares of the business services provider's stock, valued at approximately $409,000. Bridgeway Capital Management LLC owned 0.17% of TTEC as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Alyeska Investment Group L.P. boosted its position in TTEC by 118.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider's stock valued at $7,479,000 after purchasing an additional 813,479 shares during the period. Beryl Capital Management LLC bought a new position in shares of TTEC during the fourth quarter worth about $2,385,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of TTEC by 326.5% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider's stock worth $979,000 after acquiring an additional 150,200 shares during the period. Cigogne Management SA bought a new stake in TTEC in the 4th quarter valued at about $729,000. Finally, Gabelli Funds LLC grew its position in TTEC by 304.9% in the 4th quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider's stock worth $823,000 after purchasing an additional 124,263 shares during the last quarter. 38.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TTEC has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of TTEC from a "sell" rating to a "hold" rating in a research report on Saturday, March 8th. Canaccord Genuity Group decreased their target price on TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research note on Monday, March 3rd.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $5.32 on Tuesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market capitalization of $254.32 million, a PE ratio of -0.76, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The stock has a fifty day moving average of $3.80 and a 200-day moving average of $4.21. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $8.45.

TTEC (NASDAQ:TTEC - Get Free Report) last issued its quarterly 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 negative net margin of 14.69% and a positive return on equity of 5.00%. The firm had revenue of $567.44 million during the quarter, compared to analysts' expectations of $575.73 million. As a group, equities analysts anticipate that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

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.

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