United Capital Financial Advisers LLC Raises Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

United Capital Financial Advisers LLC lifted its stake in TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) by 6.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 359,714 shares of the business services provider’s stock after buying an additional 21,432 shares during the quarter. United Capital Financial Advisers LLC owned approximately 0.76% of TTEC worth $29,684,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. boosted its stake in shares of TTEC by 4.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,625 shares of the business services provider’s stock worth $299,000 after buying an additional 145 shares during the last quarter. Ironwood Investment Management LLC boosted its position in TTEC by 0.5% during the first quarter. Ironwood Investment Management LLC now owns 30,590 shares of the business services provider’s stock worth $2,524,000 after purchasing an additional 165 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in TTEC by 2.4% during the first quarter. Maryland State Retirement & Pension System now owns 7,413 shares of the business services provider’s stock worth $612,000 after purchasing an additional 177 shares in the last quarter. New York State Teachers Retirement System boosted its position in TTEC by 1.5% during the first quarter. New York State Teachers Retirement System now owns 13,657 shares of the business services provider’s stock worth $1,127,000 after purchasing an additional 200 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in TTEC by 186.8% during the fourth quarter. First Horizon Advisors Inc. now owns 327 shares of the business services provider’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 38.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barrington Research lowered their price target on TTEC from $100.00 to $73.00 and set an “outperform” rating on the stock in a research report on Thursday, August 11th. Cowen lowered their price target on TTEC to $62.00 in a research report on Monday, August 15th. Morgan Stanley lowered their price target on TTEC from $60.00 to $50.00 and set an “underweight” rating on the stock in a research report on Thursday, August 11th. Canaccord Genuity Group lowered their price target on TTEC from $120.00 to $100.00 in a research report on Thursday, August 25th. Finally, Craig Hallum reduced their target price on TTEC from $100.00 to $85.00 in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.00.

TTEC Stock Performance

Shares of NASDAQ:TTEC opened at $52.84 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50 day moving average price is $62.90 and its 200-day moving average price is $69.59. The firm has a market capitalization of $2.49 billion, a PE ratio of 24.58, a P/E/G ratio of 1.32 and a beta of 0.95. TTEC Holdings, Inc. has a 1 year low of $50.75 and a 1 year high of $106.16.

TTEC (NASDAQ:TTECGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. TTEC had a return on equity of 24.99% and a net margin of 4.28%. The firm had revenue of $604.30 million for the quarter, compared to the consensus estimate of $602.00 million. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that TTEC Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

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.

See Also

Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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