Alliancebernstein L.P. Sells 7,510 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Alliancebernstein L.P. lessened its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 54,295 shares of the business services provider’s stock after selling 7,510 shares during the period. Alliancebernstein L.P.’s holdings in TTEC were worth $271,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its stake in TTEC by 13.4% during the 4th quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock worth $182,000 after acquiring an additional 4,313 shares during the period. JPMorgan Chase & Co. raised its position in shares of TTEC by 77.0% during the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 7,347 shares during the period. Quantbot Technologies LP lifted its stake in shares of TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock valued at $64,000 after buying an additional 7,527 shares in the last quarter. XTX Topco Ltd bought a new position in TTEC in the 3rd quarter worth $59,000. Finally, GAMMA Investing LLC boosted its holdings 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 worth $64,000 after buying an additional 11,717 shares during the period. Hedge funds and other institutional investors own 38.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com upgraded TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th. Canaccord Genuity Group lowered their price target on TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.83.

TTEC Stock Up 2.8 %

Shares of TTEC stock opened at $3.68 on Tuesday. The stock has a market cap of $175.92 million, a P/E ratio of -0.53, a PEG ratio of 1.53 and a beta of 1.22. The company’s fifty day simple moving average is $3.63 and its two-hundred day simple moving average is $4.37. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a 52 week low of $3.11 and a 52 week high of $8.58.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. The firm had revenue of $567.44 million for the quarter, compared to the consensus estimate of $575.73 million. Analysts predict that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

About TTEC

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.