TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP increased its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 905,500 shares of the business services provider's stock after purchasing an additional 55,400 shares during the quarter. Two Sigma Advisers LP owned approximately 1.90% of TTEC worth $4,518,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of TTEC by 12.2% in the 4th quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock worth $189,000 after buying an additional 4,117 shares during the last quarter. American Century Companies Inc. lifted 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 acquiring an additional 4,313 shares during the last quarter. Quantinno Capital Management LP lifted 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 acquiring an additional 4,981 shares during the last quarter. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 6,273 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 acquiring an additional 7,347 shares during the last quarter. Institutional investors own 38.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group decreased their target price on shares of TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research report on Monday, March 3rd. Wall Street Zen upgraded TTEC from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

TTEC Price Performance

Shares of TTEC stock traded down $0.08 during mid-day trading on Wednesday, hitting $5.04. 155,431 shares of the stock were exchanged, compared to its average volume of 604,959. TTEC Holdings, Inc. has a 52-week low of $3.11 and a 52-week high of $8.45. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The company has a market cap of $241.08 million, a PE ratio of -0.72, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The firm has a fifty day moving average of $4.21 and a 200 day moving average of $4.22.

TTEC (NASDAQ:TTEC - Get Free Report) last issued its earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $567.44 million during the quarter, compared to analysts' expectations of $575.73 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. Research analysts anticipate that TTEC Holdings, Inc. will post 0.33 earnings per share for the current year.

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.