Renaissance Technologies LLC Grows Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

Renaissance Technologies LLC boosted its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 336.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,322 shares of the business services provider’s stock after acquiring an additional 49,600 shares during the period. Renaissance Technologies LLC owned 0.13% of TTEC worth $321,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of TTEC by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider’s stock valued at $2,321,000 after purchasing an additional 9,295 shares in the last quarter. Diametric Capital LP grew its stake in shares of TTEC by 137.0% in the 4th quarter. Diametric Capital LP now owns 94,802 shares of the business services provider’s stock worth $473,000 after buying an additional 54,802 shares during the last quarter. FNY Investment Advisers LLC increased its position in TTEC by 300.0% during the 4th quarter. FNY Investment Advisers LLC now owns 40,000 shares of the business services provider’s stock valued at $199,000 after buying an additional 30,000 shares in the last quarter. American Century Companies Inc. raised its stake in TTEC by 13.4% during the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock valued at $182,000 after buying an additional 4,313 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in TTEC in the fourth quarter worth $176,000. Institutional investors own 38.03% of the company’s stock.

TTEC Trading Down 2.8 %

TTEC stock opened at $3.81 on Tuesday. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $8.45. The business’s fifty day moving average is $3.69 and its 200 day moving average is $4.24. The stock has a market capitalization of $182.13 million, a PE ratio of -0.55, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93.

TTEC (NASDAQ:TTEC) last issued its earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). The company had revenue of $567.44 million during the quarter, compared to analysts’ expectations of $575.73 million. TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. On average, sell-side analysts predict that TTEC Holdings, Inc. will post 0.33 EPS for the current year.

Analyst Ratings Changes

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