Millennium Management LLC lessened its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 63.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,940 shares of the business services provider's stock after selling 129,461 shares during the quarter. Millennium Management LLC owned about 0.15% of TTEC worth $369,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP boosted its holdings 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 purchasing an additional 7,527 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of TTEC by 20.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider's stock valued at $182,000 after buying an additional 6,273 shares in the last quarter. Deutsche Bank AG grew its holdings in TTEC by 271.7% during the fourth quarter. Deutsche Bank AG now owns 31,505 shares of the business services provider's stock worth $157,000 after acquiring an additional 23,028 shares during the period. Raymond James Financial Inc. acquired a new stake in TTEC in the fourth quarter valued at $142,000. Finally, Gabelli Funds LLC boosted its position in shares of TTEC by 304.9% during 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 owned by institutional investors and hedge funds.
TTEC Price Performance
NASDAQ TTEC traded down $0.06 during trading hours on Friday, reaching $5.27. The company's stock had a trading volume of 161,656 shares, compared to its average volume of 586,766. 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's 50-day moving average is $4.53 and its two-hundred day moving average is $4.24. TTEC Holdings, Inc. has a fifty-two week low of $3.11 and a fifty-two week high of $8.45. 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.
Analysts Set New Price Targets
TTEC has been the subject of several recent analyst reports. Canaccord Genuity Group reduced their price objective on shares of TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research note on Monday, March 3rd. Wall Street Zen upgraded shares of TTEC from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th.
View Our Latest Analysis on TTEC
TTEC Company Profile
(
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.
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