TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lessened its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 378,861 shares of the business services provider's stock after selling 240,826 shares during the quarter. Marshall Wace LLP owned 0.79% of TTEC worth $1,891,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock worth $64,000 after buying an additional 11,717 shares during the period. Quantbot Technologies LP grew its position in TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock worth $64,000 after purchasing an additional 7,527 shares during the period. Pacific Sun Financial Corp acquired a new position in shares of TTEC in the 4th quarter valued at about $72,000. JPMorgan Chase & Co. boosted its stake in shares of TTEC by 77.0% in 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. Finally, Proficio Capital Partners LLC acquired a new stake in TTEC during the fourth quarter worth about $85,000. 38.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTEC has been the topic of a number of analyst reports. StockNews.com raised shares of TTEC from a "sell" rating to a "hold" rating in a research note on Saturday, March 8th. Canaccord Genuity Group lowered their price target on shares of TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, TTEC currently has a consensus rating of "Hold" and an average price target of $10.83.

TTEC Price Performance

Shares of NASDAQ:TTEC traded up $0.05 during midday trading on Friday, reaching $3.98. 62,820 shares of the company's stock traded hands, compared to its average volume of 604,410. The company has a fifty day simple moving average of $3.69 and a two-hundred day simple moving average of $4.29. TTEC Holdings, Inc. has a 1 year low of $3.11 and a 1 year high of $8.45. The company has a market cap of $190.02 million, a P/E ratio of -0.57, a PEG 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 (NASDAQ:TTEC - Get Free Report) last released its earnings results on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $567.44 million for the quarter, compared to analysts' expectations of $575.73 million. Equities analysts predict that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

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.