Gabelli Funds LLC Purchases 124,263 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Gabelli Funds LLC lifted its position in TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 304.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,013 shares of the business services provider's stock after buying an additional 124,263 shares during the quarter. Gabelli Funds LLC owned about 0.35% of TTEC worth $823,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Diametric Capital LP increased its stake in shares of TTEC by 137.0% during the fourth quarter. Diametric Capital LP now owns 94,802 shares of the business services provider's stock worth $473,000 after purchasing an additional 54,802 shares during the period. Renaissance Technologies LLC boosted its position in shares of TTEC by 336.9% in the fourth quarter. Renaissance Technologies LLC now owns 64,322 shares of the business services provider's stock valued at $321,000 after acquiring an additional 49,600 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of TTEC in the fourth quarter valued at about $176,000. FNY Investment Advisers LLC increased its position in TTEC by 300.0% during the fourth quarter. FNY Investment Advisers LLC now owns 40,000 shares of the business services provider's stock worth $199,000 after acquiring an additional 30,000 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in TTEC in the 4th quarter valued at about $142,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Trading Down 2.4 %

Shares of TTEC stock traded down $0.10 on Friday, hitting $4.27. The stock had a trading volume of 137,852 shares, compared to its average volume of 606,019. The firm has a market capitalization of $203.98 million, a P/E ratio of -0.61, a PEG ratio of 1.53 and a beta of 1.22. The stock has a 50 day moving average of $3.66 and a 200 day moving average of $4.35. 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 Holdings, Inc. has a twelve month low of $3.11 and a twelve month high of $8.45.

TTEC (NASDAQ:TTEC - Get Free Report) last announced its earnings results 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). 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 the consensus estimate of $575.73 million. Sell-side analysts expect that TTEC Holdings, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TTEC. Canaccord Genuity Group dropped their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a report on Monday, March 3rd. StockNews.com raised TTEC from a "sell" rating to a "hold" rating in a research note on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, TTEC presently has a consensus rating of "Hold" and an average target price of $10.83.

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.