Beryl Capital Management LLC Makes New $2.39 Million Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

Beryl Capital Management LLC bought a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 477,858 shares of the business services provider's stock, valued at approximately $2,385,000. TTEC makes up approximately 0.5% of Beryl Capital Management LLC's investment portfolio, making the stock its 22nd biggest holding. Beryl Capital Management LLC owned approximately 1.00% of TTEC at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTEC. Quantbot Technologies LP boosted its holdings in TTEC by 140.5% during the fourth 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 during the period. GAMMA Investing LLC increased its position in TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock worth $64,000 after buying an additional 11,717 shares during the period. Pacific Sun Financial Corp acquired a new position in shares of TTEC during the fourth quarter worth approximately $72,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 7,347 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of TTEC in the fourth quarter worth $85,000. 38.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTEC has been the subject of a number of research reports. StockNews.com raised shares of TTEC from a "sell" rating to a "hold" rating in a 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 on the stock in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, TTEC presently has an average rating of "Hold" and a consensus target price of $10.83.

TTEC Price Performance

Shares of NASDAQ:TTEC traded up $1.35 during midday trading on Friday, reaching $5.35. 1,230,189 shares of the company's stock were exchanged, compared to its average volume of 607,725. The firm has a market capitalization of $255.75 million, a PE ratio of -0.77, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The company's 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $4.22. TTEC Holdings, Inc. has a 12 month low of $3.11 and a 12 month 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.

TTEC (NASDAQ:TTEC - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share 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%. Equities research analysts expect that TTEC Holdings, Inc. will post 0.33 earnings per share for the current fiscal 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.