Alyeska Investment Group L.P. Has $7.48 Million Stock Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Alyeska Investment Group L.P. increased its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 118.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,498,715 shares of the business services provider's stock after buying an additional 813,479 shares during the quarter. Alyeska Investment Group L.P. owned 3.14% of TTEC worth $7,479,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its holdings in TTEC by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider's stock valued at $2,321,000 after purchasing an additional 9,295 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in TTEC by 326.5% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider's stock worth $979,000 after buying an additional 150,200 shares in the last quarter. Northern Trust Corp grew its holdings in TTEC by 9.1% during the 4th quarter. Northern Trust Corp now owns 173,403 shares of the business services provider's stock worth $865,000 after acquiring an additional 14,462 shares during the last quarter. Gabelli Funds LLC increased 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 valued at $823,000 after acquiring an additional 124,263 shares in the last quarter. Finally, Cigogne Management SA bought a new stake in shares of TTEC during the fourth quarter valued at approximately $729,000. Institutional investors and hedge funds own 38.03% of the company's stock.

TTEC Stock Up 32.8 %

TTEC stock traded up $1.31 during mid-day trading on Friday, hitting $5.31. 1,568,354 shares of the company were exchanged, compared to its average volume of 607,771. The firm has a market cap of $253.84 million, a P/E ratio of -0.76, a P/E/G ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a 1-year low of $3.11 and a 1-year high of $8.45. 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 firm's 50 day simple moving average is $3.76 and its 200 day simple moving average is $4.21.

TTEC (NASDAQ:TTEC - Get Free Report) last posted its quarterly earnings data 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). The company 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%. On average, sell-side analysts predict that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTEC has been the subject of several research reports. Canaccord Genuity Group lowered 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. StockNews.com upgraded TTEC from a "sell" rating to a "hold" rating in a report on Saturday, March 8th.

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.