Raymond James Financial Inc. Invests $142,000 in TTEC Holdings, Inc. (NASDAQ:TTEC)

Raymond James Financial Inc. bought a new position in TTEC Holdings, Inc. (NASDAQ:TTEC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 28,478 shares of the business services provider’s stock, valued at approximately $142,000. Raymond James Financial Inc. owned 0.06% of TTEC as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TTEC. Renaissance Technologies LLC increased its position in shares of TTEC by 336.9% during the fourth quarter. Renaissance Technologies LLC now owns 64,322 shares of the business services provider’s stock valued at $321,000 after buying an additional 49,600 shares during the period. Geode Capital Management LLC lifted its stake in shares of TTEC by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider’s stock worth $2,321,000 after buying an additional 9,295 shares in the last quarter. Diametric Capital LP lifted its stake in shares of TTEC by 137.0% in the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of TTEC by 77.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock worth $84,000 after buying an additional 7,347 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of TTEC by 13.4% in the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock worth $182,000 after buying an additional 4,313 shares in the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TTEC Trading Down 2.3%

NASDAQ TTEC opened at $5.20 on Wednesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market capitalization of $248.58 million, a price-to-earnings ratio of -0.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The company’s 50-day simple moving average is $3.80 and its two-hundred day simple moving average is $4.21. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $8.45.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The firm 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%. Equities analysts forecast that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th. Canaccord Genuity Group cut their target price on shares of TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Monday, March 3rd.

TTEC Company 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.