SG Americas Securities LLC decreased its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC – Get Rating) by 29.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,381 shares of the business services provider's stock after selling 3,913 shares during the period. SG Americas Securities LLC's holdings in TTEC were worth $416,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. C M Bidwell & Associates Ltd. acquired a new position in shares of TTEC in the 2nd quarter valued at about $72,000. Lazard Asset Management LLC grew its stake in shares of TTEC by 102.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,277 shares of the business services provider's stock valued at $86,000 after buying an additional 645 shares in the last quarter. Covestor Ltd grew its stake in shares of TTEC by 147.7% in the 1st quarter. Covestor Ltd now owns 1,377 shares of the business services provider's stock valued at $114,000 after buying an additional 821 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of TTEC by 1,820.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,402 shares of the business services provider's stock valued at $94,000 after buying an additional 1,329 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of TTEC by 89.0% in the 1st quarter. Captrust Financial Advisors now owns 1,412 shares of the business services provider's stock valued at $117,000 after buying an additional 665 shares in the last quarter. Institutional investors and hedge funds own 36.93% of the company's stock.
Get TTEC alerts:Analyst Ratings Changes
Several brokerages recently commented on TTEC. Bank of America cut TTEC from a "buy" rating to a "neutral" rating and lowered their price target for the company from $68.00 to $48.00 in a research note on Monday, October 10th. Morgan Stanley lowered their price target on TTEC from $50.00 to $40.00 and set an "underweight" rating for the company in a research note on Friday, November 11th. Cowen lowered their price target on TTEC to $44.00 in a research note on Wednesday, November 16th. Craig Hallum decreased their target price on TTEC to $60.00 in a research report on Wednesday, November 16th. Finally, Barrington Research decreased their target price on TTEC from $73.00 to $59.00 and set an "outperform" rating for the company in a research report on Friday, November 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, TTEC currently has a consensus rating of "Hold" and a consensus price target of $58.50.
TTEC Stock Down 2.1 %
Shares of TTEC stock opened at $51.00 on Friday. The stock has a market capitalization of $2.41 billion, a P/E ratio of 21.98, a PEG ratio of 1.26 and a beta of 0.98. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The stock has a 50 day moving average price of $46.61 and a two-hundred day moving average price of $51.01. TTEC Holdings, Inc. has a 12-month low of $39.50 and a 12-month high of $88.48.TTEC (NASDAQ:TTEC – Get Rating) last issued its quarterly earnings results on Wednesday, November 9th. The business services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.10. TTEC had a return on equity of 27.79% and a net margin of 4.56%. The company had revenue of $592.45 million during the quarter, compared to analyst estimates of $580.16 million. Equities analysts expect that TTEC Holdings, Inc. will post 3.25 earnings per share for the current year.
TTEC Company Profile
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TTEC Holdings, Inc is a digital global customer experience technology and services company. It focuses on the design, implementation and delivery of transformative solutions for many of brands. The firm operates through the following segments: TTEC Digital and TTEC Engage. The TTEC Digital segment provides design, build and operate tech-enabled, insight-driven CX solutions.
Further Reading
- Get a free copy of the StockNews.com research report on TTEC (TTEC)
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