Union Square Park Capital Management LLC Acquires New Shares in TTEC Holdings, Inc. (NASDAQ:TTEC)

Union Square Park Capital Management LLC bought a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 889,929 shares of the business services provider's stock, valued at approximately $4,441,000. TTEC comprises 2.9% of Union Square Park Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Union Square Park Capital Management LLC owned about 1.86% of TTEC as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TTEC. Quantbot Technologies LP grew its position in 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 in the last quarter. Price T Rowe Associates Inc. MD grew 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 worth $182,000 after buying an additional 6,273 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in TTEC during the fourth quarter worth approximately $176,000. Raymond James Financial Inc. acquired a new stake in TTEC during the fourth quarter worth approximately $142,000. Finally, Gabelli Funds LLC grew its position in TTEC by 304.9% during the fourth quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider's stock worth $823,000 after buying an additional 124,263 shares in the last quarter. Institutional investors and hedge funds own 38.03% of the company's stock.

TTEC Price Performance

NASDAQ TTEC traded up $0.06 on Thursday, hitting $5.24. 260,145 shares of the company's stock were exchanged, compared to its average volume of 607,591. The stock has a 50-day moving average of $4.08 and a 200-day moving average of $4.22. 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 52 week low of $3.11 and a 52 week high of $8.45. The stock has a market cap of $250.64 million, a price-to-earnings ratio of -0.75, a P/E/G ratio of 1.53 and a beta of 1.22.

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

Analyst Ratings Changes

TTEC has been the topic of a number of analyst reports. Wall Street Zen raised TTEC from a "hold" rating to a "buy" rating in a research report on Thursday. Canaccord Genuity Group cut their target price on TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research note on Monday, March 3rd.

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.