TTEC Holdings, Inc. (NASDAQ:TTEC) Position Increased by Two Sigma Advisers LP

Two Sigma Advisers LP grew its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the 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 filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP grew its holdings in shares of TTEC by 140.5% during the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock worth $64,000 after buying an additional 7,527 shares during the last quarter. Pacific Sun Financial Corp purchased a new position in shares of TTEC during the fourth quarter worth about $72,000. JPMorgan Chase & Co. grew its holdings in shares of TTEC by 77.0% during the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after buying an additional 7,347 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of TTEC during the fourth quarter worth about $85,000. Finally, Shay Capital LLC purchased a new position in shares of TTEC during the fourth quarter worth about $86,000. Hedge funds and other institutional investors own 38.03% of the company's stock.

TTEC Price Performance

Shares of NASDAQ:TTEC remained flat at $4.93 during midday trading on Friday. The stock had a trading volume of 51,219 shares, compared to its average volume of 603,360. The firm has a market cap of $235.82 million, a price-to-earnings ratio of -0.71, 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 twelve month low of $3.11 and a twelve month high of $8.45. The company's 50-day moving average is $4.21 and its 200 day moving average is $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 for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. The firm had revenue of $567.44 million during the quarter, compared to analyst estimates of $575.73 million. Sell-side analysts anticipate that TTEC Holdings, Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTEC has been the topic of a number of analyst reports. Canaccord Genuity Group lowered their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a report on Monday, March 3rd. Wall Street Zen raised TTEC from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

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.