TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc cut its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) by 46.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 643 shares of the business services provider’s stock after selling 560 shares during the period. AdvisorNet Financial Inc’s holdings in TTEC were worth $44,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. lifted its position in shares of TTEC by 4.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,625 shares of the business services provider’s stock worth $299,000 after purchasing an additional 145 shares during the last quarter. Ironwood Investment Management LLC lifted its position in shares of 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 during the last quarter. Maryland State Retirement & Pension System lifted its position in shares of 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 during the last quarter. New York State Teachers Retirement System lifted its position in shares of 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 during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of TTEC by 13.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,002 shares of the business services provider’s stock worth $166,000 after purchasing an additional 238 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on TTEC. Cowen reduced their price target on shares of TTEC to $62.00 in a research report on Monday, August 15th. StockNews.com raised shares of TTEC from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley cut their target price on shares of TTEC from $60.00 to $50.00 and set an “underweight” rating on the stock in a report on Thursday, August 11th. Barrington Research cut their target price on shares of TTEC from $100.00 to $73.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. Finally, Canaccord Genuity Group cut their target price on shares of TTEC from $120.00 to $100.00 in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.00.

TTEC Stock Performance

TTEC opened at $45.83 on Friday. The business’s 50 day moving average is $59.77 and its 200-day moving average is $67.91. The stock has a market cap of $2.16 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.17 and a beta of 0.95. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.69. TTEC Holdings, Inc. has a twelve month low of $45.35 and a twelve month high of $103.65.

TTEC (NASDAQ:TTECGet Rating) last released its quarterly earnings results on Tuesday, August 9th. The business services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.13. The company had revenue of $604.30 million for the quarter, compared to analysts’ expectations of $602.00 million. TTEC had a return on equity of 24.99% and a net margin of 4.28%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. On average, analysts predict that TTEC Holdings, Inc. will post 3.27 earnings per share for the current 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.

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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