State of Alaska Department of Revenue reduced its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC – Get Rating) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,094 shares of the business services provider's stock after selling 778 shares during the quarter. State of Alaska Department of Revenue's holdings in TTEC were worth $580,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in shares of TTEC during the 3rd quarter worth about $399,000. Copeland Capital Management LLC boosted its stake in shares of TTEC by 1.8% during the 3rd quarter. Copeland Capital Management LLC now owns 578,257 shares of the business services provider's stock worth $25,623,000 after acquiring an additional 9,948 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of TTEC by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 55,179 shares of the business services provider's stock worth $3,747,000 after acquiring an additional 2,284 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of TTEC by 25.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 73,718 shares of the business services provider's stock worth $5,005,000 after acquiring an additional 14,845 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of TTEC by 21.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 655,599 shares of the business services provider's stock worth $44,509,000 after acquiring an additional 117,596 shares in the last quarter. 36.93% of the stock is owned by hedge funds and other institutional investors.
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TTEC Trading Up 2.8 %
TTEC opened at $47.19 on Thursday. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. The company's 50 day simple moving average is $45.31 and its two-hundred day simple moving average is $52.30. TTEC Holdings, Inc. has a 1-year low of $39.50 and a 1-year high of $91.01. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.98.
TTEC (NASDAQ:TTEC – Get Rating) last released its earnings results on Wednesday, November 9th. The business services provider reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.10. TTEC had a net
margin of 4.56% and a return on equity of 27.79%. The business had revenue of $592.45 million for the quarter, compared to analyst estimates of $580.16 million. Analysts expect that TTEC Holdings, Inc. will post 3.25 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on TTEC shares. Morgan Stanley lowered their target price on shares of TTEC from $50.00 to $40.00 and set an "underweight" rating on the stock in a research note on Friday, November 11th. Barrington Research decreased their price target on shares of TTEC from $73.00 to $59.00 and set an "outperform" rating on the stock in a research note on Friday, November 11th. Bank of America lowered shares of TTEC from a "buy" rating to a "neutral" rating and decreased their price target for the company from $68.00 to $48.00 in a research note on Monday, October 10th. Cowen decreased their price target on shares of TTEC to $44.00 in a research note on Wednesday, November 16th. Finally, StockNews.com raised shares of TTEC from a "hold" rating to a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, TTEC has a consensus rating of "Hold" and a consensus price target of $58.50.
TTEC Company Profile
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TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.
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