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

BNP Paribas Financial Markets cut its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 93.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

A number of other large investors have also recently bought and sold shares of TTEC. Alyeska Investment Group L.P. boosted its holdings in 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 worth $7,479,000 after purchasing an additional 813,479 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in TTEC by 326.5% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider's stock valued at $979,000 after acquiring an additional 150,200 shares during the period. Cigogne Management SA acquired a new stake in shares of TTEC in the fourth quarter valued at about $729,000. Gabelli Funds LLC grew its position in shares of TTEC by 304.9% in the fourth quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider's stock valued at $823,000 after purchasing an additional 124,263 shares during the last quarter. Finally, Credit Industriel ET Commercial acquired a new stake in shares of TTEC in the fourth quarter valued at about $498,000. 38.03% of the stock is currently owned by institutional investors.

TTEC Stock Performance

Shares of NASDAQ:TTEC traded up $0.05 during midday trading on Wednesday, hitting $4.87. The company's stock had a trading volume of 154,827 shares, compared to its average volume of 601,460. The stock has a market capitalization of $232.95 million, a price-to-earnings ratio of -0.70, a PEG ratio of 1.53 and a beta of 1.22. The stock's 50 day simple moving average is $4.33 and its 200 day simple moving average is $4.22. TTEC Holdings, Inc. has a fifty-two week low of $3.11 and a fifty-two week 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded TTEC from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. 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.

TTEC 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.