Price T Rowe Associates Inc. MD Buys 6,273 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Price T Rowe Associates Inc. MD raised its stake in TTEC Holdings, Inc. (NASDAQ:TTEC) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,443 shares of the business services provider’s stock after purchasing an additional 6,273 shares during the period. Price T Rowe Associates Inc. MD owned 0.08% of TTEC worth $182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hsbc Holdings PLC increased its stake in TTEC by 35.4% in the fourth quarter. Hsbc Holdings PLC now owns 61,560 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 16,107 shares in the last quarter. JBF Capital Inc. bought a new stake in TTEC in the fourth quarter valued at $225,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of TTEC by 326.5% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider’s stock worth $979,000 after acquiring an additional 150,200 shares in the last quarter. Gabelli Funds LLC increased its position in shares of TTEC by 304.9% during the fourth quarter. Gabelli Funds LLC now owns 165,013 shares of the business services provider’s stock worth $823,000 after acquiring an additional 124,263 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of TTEC during the fourth quarter worth about $110,000. 38.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

TTEC has been the subject of several recent research reports. Canaccord Genuity Group decreased their target price on shares of 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 raised shares of TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th.

TTEC Trading Down 1.9%

NASDAQ:TTEC opened at $5.14 on Friday. TTEC Holdings, Inc. has a one year low of $3.11 and a one year high of $8.45. The company has a market cap of $245.86 million, a PE ratio of -0.74, a PEG ratio of 1.53 and a beta of 1.22. The firm has a 50-day moving average of $3.92 and a 200-day moving average of $4.21. 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 released its quarterly earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. The firm had revenue of $567.44 million for the quarter, compared to analysts’ expectations of $575.73 million. As a group, equities research analysts expect that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

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.