Cubist Systematic Strategies LLC Has $577,000 Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Cubist Systematic Strategies LLC raised its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 166.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 115,542 shares of the business services provider's stock after purchasing an additional 72,211 shares during the period. Cubist Systematic Strategies LLC owned 0.24% of TTEC worth $577,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP grew its stake in TTEC by 140.5% during the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after acquiring an additional 7,527 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in TTEC by 20.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider's stock worth $182,000 after purchasing an additional 6,273 shares during the period. Nisa Investment Advisors LLC bought a new stake in TTEC during the 4th quarter valued at $176,000. Raymond James Financial Inc. bought a new position in TTEC in the fourth quarter worth approximately $142,000. Finally, Gabelli Funds LLC lifted its position in shares of TTEC by 304.9% during the fourth quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider's stock valued at $823,000 after buying an additional 124,263 shares during the last quarter. 38.03% of the stock is currently owned by institutional investors.

TTEC Stock Performance

NASDAQ TTEC traded down $0.10 during trading on Wednesday, reaching $5.45. The company's stock had a trading volume of 56,091 shares, compared to its average volume of 605,180. The firm has a market cap of $260.69 million, a price-to-earnings ratio of -0.78, a P/E/G ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a twelve month low of $3.11 and a twelve month high of $8.45. The business's fifty day moving average price is $3.96 and its 200-day moving average price is $4.20. 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 quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.09). The business had revenue of $567.44 million during the quarter, compared to analysts' expectations of $575.73 million. TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. As a group, analysts anticipate that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TTEC shares. Canaccord Genuity Group dropped their target price on shares of TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a research report on Monday, March 3rd. StockNews.com upgraded shares of TTEC from a "sell" rating to a "hold" rating in a research report on Saturday, March 8th.

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.