Logan Capital Management Inc. Cuts Stock Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Logan Capital Management Inc. trimmed its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 16.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,883 shares of the business services provider’s stock after selling 6,200 shares during the quarter. Logan Capital Management Inc. owned 0.07% of TTEC worth $1,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in TTEC by 3.4% during the first quarter. BlackRock Inc. now owns 2,930,567 shares of the business services provider’s stock worth $241,829,000 after buying an additional 95,573 shares during the period. Copeland Capital Management LLC boosted its stake in TTEC by 31.2% during the first quarter. Copeland Capital Management LLC now owns 1,150,785 shares of the business services provider’s stock worth $42,844,000 after buying an additional 273,858 shares during the period. Dimensional Fund Advisors LP boosted its stake in TTEC by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,131,345 shares of the business services provider’s stock worth $42,119,000 after buying an additional 9,065 shares during the period. Envestnet Asset Management Inc. boosted its stake in TTEC by 17.2% during the first quarter. Envestnet Asset Management Inc. now owns 695,031 shares of the business services provider’s stock worth $25,876,000 after buying an additional 101,887 shares during the period. Finally, State Street Corp boosted its stake in TTEC by 2.2% during the third quarter. State Street Corp now owns 625,170 shares of the business services provider’s stock worth $27,701,000 after buying an additional 13,178 shares during the period. 38.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TTEC. Morgan Stanley raised shares of TTEC from an “underweight” rating to an “equal weight” rating and set a $31.00 price objective for the company in a research note on Friday, August 11th. StockNews.com initiated coverage on TTEC in a report on Thursday, August 17th. They issued a “hold” rating for the company.

TTEC Stock Performance

Shares of TTEC stock opened at $26.80 on Monday. The company has a market capitalization of $1.27 billion, a PE ratio of 19.71, a P/E/G ratio of 1.48 and a beta of 1.07. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.60 and a current ratio of 1.60. The company has a 50-day simple moving average of $31.17 and a two-hundred day simple moving average of $34.06. TTEC Holdings, Inc. has a one year low of $26.78 and a one year high of $54.30.

TTEC (NASDAQ:TTEC) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $600.39 million during the quarter, compared to the consensus estimate of $596.26 million. TTEC had a net margin of 2.59% and a return on equity of 21.17%. Research analysts expect that TTEC Holdings, Inc. will post 2.34 EPS for the current fiscal year.

TTEC Company Profile

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.