Alyeska Investment Group L.P. Buys 813,479 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Alyeska Investment Group L.P. grew its position in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 118.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,498,715 shares of the business services provider's stock after purchasing an additional 813,479 shares during the period. Alyeska Investment Group L.P. owned approximately 3.14% of TTEC worth $7,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP lifted its stake in TTEC by 140.5% in the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after acquiring an additional 7,527 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of TTEC by 1,054.6% in 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 during the last quarter. Pacific Sun Financial Corp bought a new stake in shares of TTEC in the fourth quarter worth $72,000. JPMorgan Chase & Co. boosted its holdings in TTEC by 77.0% during the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after purchasing an additional 7,347 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in TTEC in the fourth quarter valued at $85,000. 38.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group reduced their price objective 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 TTEC from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.83.

TTEC Stock Performance

NASDAQ:TTEC traded up $1.31 on Friday, hitting $5.31. The company's stock had a trading volume of 1,568,354 shares, compared to its average volume of 607,179. 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 Holdings, Inc. has a one year low of $3.11 and a one year high of $8.45. The stock has a fifty day moving average of $3.72 and a two-hundred day moving average of $4.22. The firm has a market capitalization of $253.84 million, a P/E ratio of -0.76, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22.

TTEC (NASDAQ:TTEC - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $567.44 million for the quarter, compared to analyst estimates of $575.73 million. TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. Research analysts predict that TTEC Holdings, Inc. will post 0.33 earnings per share for the current 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.