Squarepoint Ops LLC Purchases New Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

Squarepoint Ops LLC purchased a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 57,387 shares of the business services provider's stock, valued at approximately $286,000. Squarepoint Ops LLC owned 0.12% of TTEC at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in TTEC by 12.2% during the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock valued at $189,000 after purchasing an additional 4,117 shares in the last quarter. American Century Companies Inc. raised its position in TTEC by 13.4% during the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider's stock valued at $182,000 after purchasing an additional 4,313 shares in the last quarter. Quantinno Capital Management LP raised its position in TTEC by 24.2% during the fourth quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider's stock valued at $128,000 after purchasing an additional 4,981 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in TTEC by 20.8% during 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 purchasing an additional 6,273 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in TTEC by 77.0% during the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after purchasing an additional 7,347 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTEC has been the subject of several research analyst reports. Canaccord Genuity Group lowered their price target 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. Wall Street Zen upgraded shares of TTEC from a "hold" rating to a "buy" rating in a report on Saturday.

TTEC Price Performance

TTEC stock opened at $5.01 on Friday. The company has a market capitalization of $239.64 million, a P/E ratio of -0.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. 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 52-week low of $3.11 and a 52-week high of $8.45. The business has a 50-day simple moving average of $4.42 and a two-hundred day simple moving average of $4.23.

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.

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