Cigogne Management SA Makes New $729,000 Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

Cigogne Management SA acquired a new stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 146,002 shares of the business services provider's stock, valued at approximately $729,000. Cigogne Management SA owned about 0.31% of TTEC as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TTEC. Quantbot Technologies LP raised its position in TTEC by 140.5% in the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock worth $64,000 after purchasing an additional 7,527 shares in the last quarter. GAMMA Investing LLC raised its position in TTEC by 1,054.6% in the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock worth $64,000 after purchasing an additional 11,717 shares in the last quarter. Pacific Sun Financial Corp acquired a new position in TTEC in the fourth quarter worth about $72,000. JPMorgan Chase & Co. grew its stake 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 buying an additional 7,347 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in TTEC during the fourth quarter worth about $85,000. Institutional investors and hedge funds own 38.03% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on TTEC shares. Canaccord Genuity Group decreased their price objective on shares of TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a research note on Monday, March 3rd. StockNews.com raised shares of TTEC from a "sell" rating to a "hold" rating in a research note on Saturday, March 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, TTEC has a consensus rating of "Hold" and a consensus price target of $10.83.

TTEC Price Performance

Shares of TTEC traded down $0.08 during mid-day trading on Tuesday, hitting $3.93. 79,707 shares of the company traded hands, compared to its average volume of 605,697. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $8.45. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The business has a 50-day moving average of $3.68 and a 200 day moving average of $4.30. The stock has a market capitalization of $187.87 million, a price-to-earnings ratio of -0.57, a PEG ratio of 1.53 and a beta of 1.22.

TTEC (NASDAQ:TTEC - Get Free Report) last released its quarterly 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 company had revenue of $567.44 million for the quarter, compared to the consensus estimate of $575.73 million. As a group, equities analysts expect that TTEC Holdings, Inc. will post 0.33 earnings per share for the current fiscal 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.