Squarepoint Ops LLC Makes New $286,000 Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

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

Several other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its position in shares of TTEC by 12.2% during the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock worth $189,000 after purchasing an additional 4,117 shares in the last quarter. American Century Companies Inc. increased its stake in TTEC by 13.4% in the 4th quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider's stock worth $182,000 after acquiring an additional 4,313 shares during the last quarter. Quantinno Capital Management LP increased its stake in TTEC by 24.2% in the 4th quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider's stock worth $128,000 after acquiring an additional 4,981 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in TTEC by 20.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider's stock worth $182,000 after acquiring an additional 6,273 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in TTEC by 77.0% in 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 last quarter. Hedge funds and other institutional investors own 38.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TTEC shares. Canaccord Genuity Group reduced their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a research note on Monday, March 3rd. Wall Street Zen upgraded TTEC from a "hold" rating to a "buy" rating in a report on Saturday.

TTEC Stock Up 3.6%

Shares of TTEC traded up $0.18 during trading hours on Tuesday, hitting $5.25. The company had a trading volume of 182,539 shares, compared to its average volume of 592,488. The company has a market capitalization of $251.12 million, a PE ratio of -0.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $8.45. The company's fifty day moving average price is $4.44 and its two-hundred day moving average price is $4.23.

TTEC Company 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.