TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. cut its stake in TTEC Holdings, Inc. (NASDAQ:TTECFree Report) by 37.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,655 shares of the business services provider’s stock after selling 19,333 shares during the period. Logan Capital Management Inc. owned approximately 0.07% of TTEC worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in TTEC. Paralel Advisors LLC increased its position in shares of TTEC by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 51,427 shares of the business services provider’s stock worth $1,348,000 after purchasing an additional 642 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in TTEC by 62.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,084 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 1,185 shares during the last quarter. Covestor Ltd raised its position in TTEC by 43,433.3% in the third quarter. Covestor Ltd now owns 1,306 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 1,303 shares during the period. Quadrant Capital Group LLC grew its stake in shares of TTEC by 128.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,607 shares in the last quarter. Finally, Summit Global Investments raised its holdings in shares of TTEC by 16.4% in the 4th quarter. Summit Global Investments now owns 21,734 shares of the business services provider’s stock valued at $471,000 after buying an additional 3,059 shares during the period. Institutional investors and hedge funds own 38.03% of the company’s stock.

TTEC Trading Up 1.7 %

Shares of TTEC stock opened at $6.43 on Tuesday. The company has a fifty day simple moving average of $7.52 and a 200-day simple moving average of $14.17. TTEC Holdings, Inc. has a 12-month low of $5.54 and a 12-month high of $36.27. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.61 and a current ratio of 1.61.

TTEC (NASDAQ:TTECGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). TTEC had a positive return on equity of 9.61% and a negative net margin of 0.52%. The firm had revenue of $576.64 million for the quarter, compared to analysts’ expectations of $564.37 million. As a group, equities analysts expect that TTEC Holdings, Inc. will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Canaccord Genuity Group downgraded TTEC from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Guggenheim assumed coverage on shares of TTEC in a research note on Tuesday, March 19th. They set a “sell” rating and a $8.00 target price on the stock. Barrington Research cut shares of TTEC from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th. Craig Hallum cut their price objective on TTEC from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Canaccord Genuity Group decreased their target price on TTEC from $13.00 to $8.00 and set a “hold” rating for the company in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, TTEC has an average rating of “Hold” and an average price target of $15.60.

Get Our Latest Analysis on TTEC

TTEC Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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