TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,138 shares of the business services provider's stock after selling 68,001 shares during the period. Tudor Investment Corp ET AL owned approximately 0.20% of TTEC worth $475,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in TTEC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider's stock worth $2,321,000 after acquiring an additional 9,295 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in TTEC by 326.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider's stock worth $979,000 after acquiring an additional 150,200 shares in the last quarter. Gabelli Funds LLC lifted its stake in TTEC by 304.9% in the fourth quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider's stock worth $823,000 after purchasing an additional 124,263 shares during the last quarter. Cigogne Management SA bought a new stake in TTEC in the fourth quarter worth about $729,000. Finally, Credit Industriel ET Commercial purchased a new position in shares of TTEC during the fourth quarter valued at approximately $498,000. Hedge funds and other institutional investors own 38.03% of the company's stock.

TTEC Price Performance

Shares of TTEC stock traded up $0.02 during mid-day trading on Monday, hitting $5.32. 524,126 shares of the stock were exchanged, compared to its average volume of 607,436. The company has a market cap of $254.32 million, a PE ratio of -0.76, 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. The firm has a fifty day moving average of $3.76 and a 200 day moving average of $4.21. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47.

TTEC (NASDAQ:TTEC - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share (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 firm had revenue of $567.44 million for the quarter, compared to analyst estimates of $575.73 million. Research analysts anticipate that TTEC Holdings, Inc. will post 0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com upgraded TTEC from a "sell" rating to a "hold" rating in a research report on Saturday, March 8th. Canaccord Genuity Group lowered their price target on TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a report on Monday, March 3rd.

TTEC 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.