Proficio Capital Partners LLC Invests $85,000 in TTEC Holdings, Inc. (NASDAQ:TTEC)

Proficio Capital Partners LLC purchased a new position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 17,081 shares of the business services provider’s stock, valued at approximately $85,000.

Other large investors also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of TTEC during the third quarter worth $59,000. GAMMA Investing LLC boosted its position in TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after buying an additional 11,717 shares during the period. Pacific Sun Financial Corp bought a new position in TTEC in the 4th quarter worth about $72,000. Quantinno Capital Management LP purchased a new position in shares of TTEC during the third quarter worth approximately $121,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of TTEC during the fourth quarter valued at approximately $176,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TTEC Stock Up 3.5 %

TTEC stock opened at $3.54 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market cap of $169.06 million, a P/E ratio of -0.51, a P/E/G ratio of 1.53 and a beta of 1.09. The business has a fifty day moving average of $3.59 and a two-hundred day moving average of $4.47. TTEC Holdings, Inc. has a twelve month low of $3.11 and a twelve month high of $10.61.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share 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 company had revenue of $567.44 million for the quarter, compared to analysts’ expectations of $575.73 million. On average, analysts forecast that TTEC Holdings, Inc. will post 0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on TTEC. Canaccord Genuity Group dropped their price objective on TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a research note on Monday, March 3rd. StockNews.com raised TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.83.

TTEC Company 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.