TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,834 shares of the business services provider’s stock after selling 3,050 shares during the period. Guggenheim Capital LLC’s holdings in TTEC were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of TTEC by 12.2% in the 4th quarter. Barclays PLC now owns 37,771 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 4,117 shares in the last quarter. American Century Companies Inc. grew its holdings in TTEC by 13.4% in the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 4,313 shares during the period. JPMorgan Chase & Co. grew its holdings in TTEC by 77.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 7,347 shares during the period. Quantbot Technologies LP grew its holdings in TTEC by 140.5% in the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 7,527 shares during the period. Finally, Geode Capital Management LLC grew its holdings in TTEC by 2.0% in 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 during the period. 38.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on TTEC shares. StockNews.com raised TTEC from a “sell” rating to a “hold” rating in a report on Saturday, March 8th. Canaccord Genuity Group dropped their price objective on TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.83.

TTEC Stock Performance

Shares of NASDAQ:TTEC opened at $4.01 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. The business’s 50 day moving average price is $3.68 and its 200-day moving average price is $4.30. The firm has a market capitalization of $191.69 million, a PE ratio of -0.57, a P/E/G ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a 1 year low of $3.11 and a 1 year high of $8.45.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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 company 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 earnings per share for the current fiscal year.

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.