Credit Industriel ET Commercial Buys Shares of 99,814 TTEC Holdings, Inc. (NASDAQ:TTEC)

Credit Industriel ET Commercial purchased a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 99,814 shares of the business services provider's stock, valued at approximately $498,000. Credit Industriel ET Commercial owned about 0.21% of TTEC as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP grew 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 worth $64,000 after acquiring an additional 7,527 shares during the period. GAMMA Investing LLC grew its position 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 valued at $64,000 after acquiring an additional 11,717 shares during the period. Pacific Sun Financial Corp purchased a new position in shares of TTEC in the 4th quarter valued at about $72,000. JPMorgan Chase & Co. boosted its position 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 in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in TTEC in the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 38.03% of the company's stock.

TTEC Price Performance

Shares of TTEC stock traded down $0.08 during trading hours on Tuesday, reaching $3.93. The company had a trading volume of 93,762 shares, compared to its average volume of 605,758. 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. The company has a market capitalization of $188.06 million, a price-to-earnings ratio of -0.56, a PEG ratio of 1.53 and a beta of 1.22. The stock has a fifty day moving average of $3.68 and a 200-day moving average of $4.30.

TTEC (NASDAQ:TTEC - Get Free Report) last posted 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 positive return on equity of 5.00% and a negative net margin of 14.69%. The company had revenue of $567.44 million for the quarter, compared to analysts' expectations of $575.73 million. On average, equities analysts anticipate that TTEC Holdings, Inc. will post 0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTEC. StockNews.com raised shares of TTEC from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Canaccord Genuity Group reduced their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, TTEC presently has an average rating of "Hold" and a consensus price target of $10.83.

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.