BNP Paribas Financial Markets Has $64,000 Stock Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

BNP Paribas Financial Markets cut its stake in TTEC Holdings, Inc. (NASDAQ:TTEC) by 93.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,875 shares of the business services provider’s stock after selling 178,442 shares during the quarter. BNP Paribas Financial Markets’ holdings in TTEC were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Alyeska Investment Group L.P. increased its stake in shares of TTEC by 118.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider’s stock worth $7,479,000 after acquiring an additional 813,479 shares during the last quarter. Anson Funds Management LP acquired a new position in TTEC during the fourth quarter worth $222,000. Manatuck Hill Partners LLC acquired a new position in TTEC during the fourth quarter worth $487,000. Schonfeld Strategic Advisors LLC increased its position in TTEC by 33.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 138,440 shares of the business services provider’s stock worth $691,000 after buying an additional 35,040 shares during the last quarter. Finally, Northern Trust Corp increased its position in TTEC by 9.1% during the fourth quarter. Northern Trust Corp now owns 173,403 shares of the business services provider’s stock worth $865,000 after buying an additional 14,462 shares during the last quarter. 38.03% of the stock is owned by institutional investors and hedge funds.

TTEC Stock Down 4.3%

TTEC stock opened at $4.70 on Tuesday. 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 Holdings, Inc. has a 52-week low of $3.11 and a 52-week high of $8.45. The company has a 50-day moving average of $4.30 and a two-hundred day moving average of $4.21. The stock has a market capitalization of $224.82 million, a price-to-earnings ratio of -0.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22.

Wall Street Analysts Forecast Growth

TTEC has been the topic of several analyst reports. Canaccord Genuity Group lowered their target price on shares of TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a research report on Monday, March 3rd. Wall Street Zen downgraded shares of TTEC from a “buy” rating to a “hold” rating in a research report on Friday.

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.