Bank of America Corp DE Sells 79,008 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Bank of America Corp DE cut its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 49.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,611 shares of the business services provider's stock after selling 79,008 shares during the quarter. Bank of America Corp DE owned 0.17% of TTEC worth $407,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Alyeska Investment Group L.P. lifted its position in shares of TTEC by 118.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider's stock valued at $7,479,000 after buying an additional 813,479 shares during the last quarter. Beryl Capital Management LLC acquired a new position in shares of TTEC during the 4th quarter worth $2,385,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of 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. Cigogne Management SA acquired a new position in TTEC in the 4th quarter worth about $729,000. Finally, Gabelli Funds LLC increased its holdings in TTEC by 304.9% in the 4th quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider's stock worth $823,000 after purchasing an additional 124,263 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TTEC. 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 report on Monday, March 3rd. Wall Street Zen upgraded TTEC from a "hold" rating to a "buy" rating in a report on Saturday, June 7th.

TTEC Stock Performance

Shares of TTEC traded down $0.06 on Friday, reaching $5.27. 161,656 shares of the company's stock traded hands, compared to its average volume of 586,766. 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 stock has a market cap of $252.08 million, a PE ratio of -0.75, a PEG ratio of 1.53 and a beta of 1.28. The stock's 50 day simple moving average is $4.53 and its two-hundred day simple moving average is $4.24. TTEC Holdings, Inc. has a 52-week low of $3.11 and a 52-week high of $8.45.

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.