Assetmark Inc. Has $37,000 Stock Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Assetmark Inc. lessened its position in shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) by 59.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 836 shares of the business services provider’s stock after selling 1,229 shares during the quarter. Assetmark Inc.’s holdings in TTEC were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TTEC. BlackRock Inc. increased its stake in TTEC by 3.4% in the first quarter. BlackRock Inc. now owns 2,930,567 shares of the business services provider’s stock valued at $241,829,000 after acquiring an additional 95,573 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of TTEC by 21.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 655,599 shares of the business services provider’s stock valued at $44,509,000 after purchasing an additional 117,596 shares during the period. State Street Corp raised its holdings in shares of TTEC by 1.7% in the 2nd quarter. State Street Corp now owns 611,992 shares of the business services provider’s stock worth $41,548,000 after buying an additional 10,128 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of TTEC by 1.8% during the 3rd quarter. Copeland Capital Management LLC now owns 578,257 shares of the business services provider’s stock worth $25,623,000 after buying an additional 9,948 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of TTEC by 151.2% during the 1st quarter. Bank of America Corp DE now owns 451,451 shares of the business services provider’s stock worth $37,253,000 after buying an additional 271,766 shares during the period. 36.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TTEC shares. Cowen dropped their price objective on TTEC to $44.00 in a research note on Wednesday, November 16th. Craig Hallum dropped their target price on shares of TTEC to $60.00 in a research report on Wednesday, November 16th. Barrington Research reduced their price target on shares of TTEC from $73.00 to $59.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. StockNews.com upgraded shares of TTEC from a “hold” rating to a “buy” rating in a research note on Tuesday, January 10th. Finally, Morgan Stanley reduced their target price on TTEC from $50.00 to $40.00 and set an “underweight” rating on the stock in a report on Friday, November 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $58.50.

TTEC Trading Up 2.7 %

Shares of NASDAQ TTEC opened at $49.99 on Monday. TTEC Holdings, Inc. has a 1-year low of $39.50 and a 1-year high of $88.48. The company has a 50-day moving average of $46.21 and a two-hundred day moving average of $51.23. The company has a market cap of $2.36 billion, a PE ratio of 21.55, a P/E/G ratio of 1.21 and a beta of 0.98. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82.

TTEC (NASDAQ:TTECGet Rating) last posted its quarterly earnings data on Wednesday, November 9th. The business services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.10. TTEC had a net margin of 4.56% and a return on equity of 27.79%. The firm had revenue of $592.45 million during the quarter, compared to analysts’ expectations of $580.16 million. As a group, equities analysts expect that TTEC Holdings, Inc. will post 3.25 earnings per share for the current fiscal year.

TTEC Profile

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TTEC Holdings, Inc is a digital global customer experience technology and services company. It focuses on the design, implementation and delivery of transformative solutions for many of brands. The firm operates through the following segments: TTEC Digital and TTEC Engage. The TTEC Digital segment provides design, build and operate tech-enabled, insight-driven CX solutions.

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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