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

Beryl Capital Management LLC purchased a new position 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 and Exchange Commission (SEC). The institutional investor purchased 477,858 shares of the business services provider's stock, valued at approximately $2,385,000. TTEC makes up about 0.5% of Beryl Capital Management LLC's holdings, making the stock its 22nd largest holding. Beryl Capital Management LLC owned 1.00% of TTEC as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of TTEC by 1,054.6% during the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock worth $64,000 after acquiring an additional 11,717 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of TTEC by 140.5% during 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. Pacific Sun Financial Corp purchased a new position in shares of TTEC during the 4th quarter valued at approximately $72,000. JPMorgan Chase & Co. grew its stake in TTEC by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after acquiring an additional 7,347 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in TTEC in the 4th quarter worth $85,000. Institutional investors and hedge funds own 38.03% of the company's stock.

Analysts Set New Price Targets

TTEC has been the subject of a number of research reports. Canaccord Genuity Group cut their target price 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 raised TTEC from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, TTEC currently has an average rating of "Hold" and an average target price of $10.83.

TTEC Price Performance

Shares of NASDAQ:TTEC traded up $0.08 during midday trading on Wednesday, hitting $3.92. The company had a trading volume of 193,992 shares, compared to its average volume of 605,480. TTEC Holdings, Inc. has a twelve month low of $3.11 and a twelve month high of $8.45. The stock has a market cap of $187.39 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The business's 50-day simple moving average is $3.70 and its 200-day simple moving average is $4.24.

TTEC (NASDAQ:TTEC - Get Free Report) last issued its earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. The company had revenue of $567.44 million during the quarter, compared to analyst estimates of $575.73 million. On average, 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.