Union Square Park Capital Management LLC Takes $4.44 Million Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Union Square Park Capital Management LLC bought a new position in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 889,929 shares of the business services provider's stock, valued at approximately $4,441,000. TTEC accounts for about 2.9% of Union Square Park Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Union Square Park Capital Management LLC owned approximately 1.86% of TTEC at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TTEC. Alyeska Investment Group L.P. lifted its holdings in TTEC by 118.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider's stock worth $7,479,000 after purchasing an additional 813,479 shares in the last quarter. Beryl Capital Management LLC purchased a new position in TTEC during the fourth quarter valued at $2,385,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in TTEC by 326.5% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider's stock valued at $979,000 after acquiring an additional 150,200 shares in the last quarter. Cigogne Management SA purchased a new position in TTEC during the fourth quarter valued at $729,000. Finally, Gabelli Funds LLC grew its stake in TTEC by 304.9% during the fourth quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider's stock valued at $823,000 after acquiring an additional 124,263 shares in the last quarter. 38.03% of the stock is owned by institutional investors.

TTEC Stock Down 1.9%

Shares of TTEC stock traded down $0.10 on Friday, reaching $5.14. The stock had a trading volume of 201,573 shares, compared to its average volume of 608,345. The company has a 50 day moving average price of $4.11 and a 200 day moving average price of $4.21. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a 1 year low of $3.11 and a 1 year high of $8.45. The stock has a market capitalization of $245.86 million, a P/E ratio of -0.74, a P/E/G ratio of 1.53 and a beta of 1.22.

TTEC (NASDAQ:TTEC - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate 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 business had revenue of $567.44 million for the quarter, compared to analyst estimates of $575.73 million. As a group, equities research analysts forecast that TTEC Holdings, Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

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

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.