Diametric Capital LP Buys 54,802 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Diametric Capital LP raised its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 137.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,802 shares of the business services provider’s stock after purchasing an additional 54,802 shares during the quarter. Diametric Capital LP owned approximately 0.20% of TTEC worth $473,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired 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% during the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 11,717 shares during the last quarter. Quantbot Technologies LP grew its holdings in TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock worth $64,000 after acquiring an additional 7,527 shares during the period. Pacific Sun Financial Corp bought a new position in shares of TTEC in the 4th quarter worth about $72,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of TTEC by 77.0% in 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. Institutional investors own 38.03% of the company’s stock.

TTEC Stock Performance

Shares of TTEC opened at $3.29 on Tuesday. The stock has a 50-day moving average of $3.57 and a 200-day moving average of $4.46. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $10.61. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market cap of $157.12 million, a PE ratio of -0.47, a P/E/G ratio of 1.53 and a beta of 1.09.

TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate 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. On average, equities research analysts predict that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

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

TTEC 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.