Raymond James Financial Inc. Buys Shares of 28,478 TTEC Holdings, Inc. (NASDAQ:TTEC)

Raymond James Financial Inc. purchased a new position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 28,478 shares of the business services provider’s stock, valued at approximately $142,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP raised its stake in TTEC by 140.5% in the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 7,527 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of TTEC during the 4th quarter worth about $176,000. Barclays PLC grew its holdings in shares of TTEC by 119.7% during the 3rd quarter. Barclays PLC now owns 33,654 shares of the business services provider’s stock worth $197,000 after purchasing an additional 18,339 shares during the period. Geode Capital Management LLC boosted its holdings in TTEC by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider’s stock worth $2,321,000 after acquiring an additional 9,295 shares during the period. Finally, American Century Companies Inc. boosted its holdings in TTEC by 13.4% in 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. Institutional investors and hedge funds own 38.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Canaccord Genuity Group cut their target price on TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a research report on Monday, March 3rd. StockNews.com raised TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th.

TTEC Stock Performance

TTEC stock opened at $5.20 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market cap of $248.58 million, a P/E ratio of -0.74, a P/E/G ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a 12-month low of $3.11 and a 12-month high of $8.45. The stock’s 50 day simple moving average is $3.80 and its 200 day simple moving average is $4.21.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data 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). The company had revenue of $567.44 million for the quarter, compared to the consensus estimate of $575.73 million. TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. As a group, equities research analysts predict that TTEC Holdings, Inc. will post 0.33 EPS for the current year.

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.