TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 2,053.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 221,910 shares of the business services provider's stock after acquiring an additional 211,606 shares during the period. Federated Hermes Inc. owned approximately 0.47% of TTEC worth $4,809,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. 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 worth $34,000 after acquiring an additional 1,303 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of TTEC by 62.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,084 shares of the business services provider's stock worth $81,000 after buying an additional 1,185 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of TTEC during the fourth quarter worth $206,000. Graham Capital Management L.P. purchased a new position in shares of TTEC during the third quarter worth $225,000. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of TTEC during the third quarter worth $301,000. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

TTEC Stock Down 0.5 %

NASDAQ:TTEC traded down $0.04 during midday trading on Friday, reaching $7.72. The company had a trading volume of 209,966 shares, compared to its average volume of 388,381. The firm has a market capitalization of $366.31 million, a price-to-earnings ratio of 42.89, a PEG ratio of 0.84 and a beta of 0.99. The stock's fifty day simple moving average is $11.26 and its 200-day simple moving average is $17.12. TTEC Holdings, Inc. has a 12-month low of $7.66 and a 12-month high of $36.70. 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 released its earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). The company had revenue of $626.18 million during the quarter, compared to analysts' expectations of $602.98 million. TTEC had a net margin of 0.34% and a return on equity of 13.74%. On average, sell-side analysts anticipate that TTEC Holdings, Inc. will post 1.16 earnings per share for the current fiscal year.

TTEC Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barrington Research lowered TTEC from an "outperform" rating to a "market perform" rating in a research report on Monday, March 4th. Guggenheim assumed coverage on TTEC in a research report on Tuesday, March 19th. They set a "sell" rating and a $8.00 price target for the company. Canaccord Genuity Group lowered TTEC from a "buy" rating to a "hold" rating in a research report on Wednesday, March 6th. Finally, Canaccord Genuity Group restated a "hold" rating and set a $13.00 price target (down from $30.00) on shares of TTEC in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.