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

Bank of America Corp DE lessened its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 49.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,611 shares of the business services provider's stock after selling 79,008 shares during the period. Bank of America Corp DE owned approximately 0.17% of TTEC worth $407,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TTEC. Quantbot Technologies LP raised its position in TTEC by 140.5% in the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after buying an additional 7,527 shares during the last quarter. Pacific Sun Financial Corp acquired a new stake in TTEC in the 4th quarter valued at approximately $72,000. JPMorgan Chase & Co. raised its position 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 buying an additional 7,347 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in TTEC in the 4th quarter valued at approximately $85,000. Finally, Jump Financial LLC acquired a new stake in TTEC in the 4th quarter valued at approximately $110,000. Institutional investors own 38.03% of the company's stock.

TTEC Stock Performance

Shares of TTEC stock traded up $0.26 during trading on Monday, reaching $5.53. 313,463 shares of the company's stock were exchanged, compared to its average volume of 585,673. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $264.52 million, a PE ratio of -0.79, a PEG ratio of 1.53 and a beta of 1.28. TTEC Holdings, Inc. has a twelve month low of $3.11 and a twelve month high of $8.45. The firm's fifty day moving average price is $4.57 and its 200-day moving average price is $4.23.

Wall Street Analyst Weigh In

TTEC has been the topic of several recent analyst reports. Canaccord Genuity Group lowered their price target on TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Wall Street Zen raised TTEC from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th.

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.