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BNP Paribas Financial Markets Sells 178,442 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

TTEC logo with Business Services background

BNP Paribas Financial Markets cut its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 93.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,875 shares of the business services provider's stock after selling 178,442 shares during the period. BNP Paribas Financial Markets' holdings in TTEC were worth $64,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in 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 purchasing an additional 7,527 shares during the period. Pacific Sun Financial Corp acquired a new stake in shares of TTEC in the fourth quarter valued at approximately $72,000. JPMorgan Chase & Co. boosted its stake in shares of TTEC by 77.0% during the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after acquiring an additional 7,347 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of TTEC during the 4th quarter worth approximately $85,000. Finally, Jump Financial LLC bought a new stake in TTEC in the 4th quarter valued at $110,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on TTEC shares. Wall Street Zen cut shares of TTEC from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Canaccord Genuity Group reduced their target price on shares of TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a report on Monday, March 3rd.

Get Our Latest Analysis on TTEC

TTEC Stock Performance

TTEC stock traded up $0.03 during trading hours on Friday, hitting $5.01. 138,026 shares of the stock were exchanged, compared to its average volume of 599,584. The company has a 50-day simple moving average of $4.42 and a two-hundred day simple moving average of $4.23. The firm has a market capitalization of $239.64 million, a P/E ratio of -0.72, a P/E/G ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a 12 month low of $3.11 and a 12 month 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.

About TTEC

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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