Acadian Asset Management LLC boosted its holdings in TTEC Holdings Inc (NASDAQ:TTEC) by 68.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,007 shares of the business services provider’s stock after purchasing an additional 1,630 shares during the quarter. Acadian Asset Management LLC’s holdings in TTEC were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new position in TTEC in the second quarter valued at $221,000. Mackay Shields LLC acquired a new position in TTEC in the first quarter valued at $264,000. MetLife Investment Advisors LLC acquired a new position in TTEC in the fourth quarter valued at $297,000. The Manufacturers Life Insurance Company acquired a new position in TTEC in the first quarter valued at $358,000. Finally, GSA Capital Partners LLP acquired a new position in TTEC in the first quarter valued at $473,000. Hedge funds and other institutional investors own 24.20% of the company’s stock.
In other TTEC news, SVP Margaret B. Mclean sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 22,045 shares of the company’s stock, valued at $821,176.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 69.60% of the stock is currently owned by insiders.
TTEC stock opened at $25.95 on Friday. TTEC Holdings Inc has a 12-month low of $24.35 and a 12-month high of $43.75. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.79 and a beta of 0.90.
TTEC (NASDAQ:TTEC) last posted its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.06). TTEC had a negative net margin of 1.10% and a positive return on equity of 21.80%. The firm had revenue of $349.85 million for the quarter, compared to analysts’ expectations of $345.73 million. research analysts anticipate that TTEC Holdings Inc will post 1.81 earnings per share for the current year.
TTEC has been the subject of several analyst reports. BidaskClub lowered TTEC from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 21st. ValuEngine lowered TTEC from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Finally, Zacks Investment Research lowered TTEC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. Three analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock presently has an average rating of “Sell” and a consensus target price of $41.00.
TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.
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