Assenagon Asset Management S.A. Increases Stock Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

Assenagon Asset Management S.A. grew its position in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 123.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 502,505 shares of the business services provider's stock after purchasing an additional 277,860 shares during the period. Assenagon Asset Management S.A. owned about 1.06% of TTEC worth $10,889,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in shares of TTEC by 61.3% during the third quarter. Public Employees Retirement System of Ohio now owns 576 shares of the business services provider's stock worth $26,000 after acquiring an additional 219 shares in the last quarter. US Bancorp DE grew its position in TTEC by 76.9% in the second quarter. US Bancorp DE now owns 828 shares of the business services provider's stock valued at $28,000 after purchasing an additional 360 shares in the last quarter. UBS Group AG grew its position in TTEC by 702.6% in the third quarter. UBS Group AG now owns 626 shares of the business services provider's stock valued at $28,000 after purchasing an additional 548 shares in the last quarter. Tower Research Capital LLC TRC grew its position in TTEC by 206.0% in the first quarter. Tower Research Capital LLC TRC now owns 860 shares of the business services provider's stock valued at $32,000 after purchasing an additional 579 shares in the last quarter. Finally, Covestor Ltd grew its position in TTEC by 43,433.3% in the third quarter. Covestor Ltd now owns 1,306 shares of the business services provider's stock valued at $34,000 after purchasing an additional 1,303 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Stock Performance

Shares of TTEC traded down $0.03 during midday trading on Friday, reaching $10.37. The stock had a trading volume of 1,040,162 shares, compared to its average volume of 498,038. The firm has a 50 day simple moving average of $15.76 and a 200-day simple moving average of $19.60. TTEC Holdings, Inc. has a one year low of $9.44 and a one year high of $38.09. The firm has a market cap of $491.83 million, a PE ratio of 57.61, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.62.

TTEC (NASDAQ:TTEC - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). TTEC had a net margin of 0.34% and a return on equity of 13.74%. As a group, sell-side analysts anticipate that TTEC Holdings, Inc. will post 1.16 EPS for the current year.

TTEC Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.06 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, April 2nd. TTEC's dividend payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barrington Research downgraded shares of TTEC from an "outperform" rating to a "market perform" rating in a research report on Monday, March 4th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $13.00 target price (down previously from $30.00) on shares of TTEC in a research report on Wednesday, March 6th. Canaccord Genuity Group downgraded shares of TTEC from a "buy" rating to a "hold" rating in a research report on Wednesday, March 6th. Finally, Guggenheim initiated coverage on shares of TTEC in a research report on Tuesday, March 19th. They issued a "sell" rating and a $8.00 price objective for the company. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, TTEC currently has an average rating of "Hold" and a consensus price target of $22.00.

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.