Bridgeway Capital Management LLC Invests $409,000 in TTEC Holdings, Inc. (NASDAQ:TTEC)

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

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP grew its position in shares of TTEC by 140.5% in the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock worth $64,000 after buying an additional 7,527 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in TTEC by 20.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider's stock worth $182,000 after acquiring an additional 6,273 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in TTEC in the 4th quarter worth approximately $176,000. GAMMA Investing LLC grew its holdings in TTEC by 1,054.6% during 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. Finally, Raymond James Financial Inc. purchased a new position in shares of TTEC in the fourth quarter valued at $142,000. 38.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TTEC. StockNews.com upgraded 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 report on Monday, March 3rd.

TTEC Price Performance

Shares of NASDAQ TTEC traded down $0.10 during trading on Friday, reaching $5.14. The company had a trading volume of 259,075 shares, compared to its average volume of 607,472. TTEC Holdings, Inc. has a twelve month low of $3.11 and a twelve month high of $8.45. The stock has a market capitalization of $245.86 million, a PE ratio of -0.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The stock has a 50-day moving average price of $3.92 and a two-hundred day moving average price of $4.21. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47.

TTEC (NASDAQ:TTEC - Get Free Report) last released 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 negative net margin of 14.69% and a positive return on equity of 5.00%. The business had revenue of $567.44 million for the quarter, compared to analysts' expectations of $575.73 million. As a group, sell-side analysts predict that TTEC Holdings, Inc. will post 0.33 earnings per share for the current year.

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.