Marshall Wace LLP Trims Stock Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Marshall Wace LLP decreased its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,861 shares of the business services provider's stock after selling 240,826 shares during the quarter. Marshall Wace LLP owned about 0.79% of TTEC worth $1,891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quantbot Technologies LP increased its holdings 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 in the last quarter. GAMMA Investing LLC grew its holdings in TTEC by 1,054.6% during the fourth 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 in the last quarter. Pacific Sun Financial Corp purchased a new stake in TTEC in the 4th quarter valued at $72,000. JPMorgan Chase & Co. lifted its stake in TTEC by 77.0% during the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after acquiring an additional 7,347 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in TTEC during the 4th quarter worth $85,000. Institutional investors own 38.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TTEC. StockNews.com upgraded shares of TTEC from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Canaccord Genuity Group decreased their price objective on shares of TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, TTEC has an average rating of "Hold" and a consensus target price of $10.83.

TTEC Stock Performance

Shares of NASDAQ TTEC traded up $0.04 during mid-day trading on Wednesday, reaching $4.00. 222,185 shares of the company's stock were exchanged, compared to its average volume of 605,726. The firm has a 50-day moving average price of $3.68 and a two-hundred day moving average price of $4.30. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market capitalization of $191.22 million, a price-to-earnings ratio of -0.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a 52 week low of $3.11 and a 52 week high of $8.45.

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 analysts' consensus estimates 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 company had revenue of $567.44 million during the quarter, compared to analysts' expectations of $575.73 million. Analysts predict that TTEC Holdings, Inc. will post 0.33 EPS for the current 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.