Millennium Management LLC Sells 129,461 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Millennium Management LLC lessened its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 63.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,940 shares of the business services provider's stock after selling 129,461 shares during the period. Millennium Management LLC owned about 0.15% of TTEC worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Alyeska Investment Group L.P. raised its holdings in shares of TTEC by 118.7% during 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 acquiring an additional 813,479 shares during the period. D. E. Shaw & Co. Inc. raised its stake in TTEC by 1.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,100,894 shares of the business services provider's stock valued at $5,493,000 after purchasing an additional 17,885 shares during the period. Beryl Capital Management LLC purchased a new stake in shares of TTEC in the fourth quarter valued at $2,385,000. Geode Capital Management LLC boosted its position in shares of TTEC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider's stock worth $2,321,000 after buying an additional 9,295 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of TTEC by 326.5% in the fourth 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 during the period. 38.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TTEC. Wall Street Zen raised TTEC from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Canaccord Genuity Group reduced their price target on TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research report on Monday, March 3rd.

TTEC Stock Performance

Shares of TTEC traded down $0.01 during mid-day trading on Thursday, hitting $5.44. The company's stock had a trading volume of 21,582 shares, compared to its average volume of 588,373. The stock's 50-day moving average is $4.47 and its two-hundred day moving average is $4.24. The firm has a market capitalization of $260.21 million, a PE ratio of -0.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $8.45.

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.