Trexquant Investment LP Trims Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Trexquant Investment LP trimmed its position in TTEC Holdings, Inc. (NASDAQ:TTEC) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 150,706 shares of the business services provider’s stock after selling 4,828 shares during the period. Trexquant Investment LP owned about 0.32% of TTEC worth $752,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TTEC. American Century Companies Inc. lifted its stake in shares of TTEC by 13.4% in the 4th quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock worth $182,000 after purchasing an additional 4,313 shares during the period. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 7,347 shares during the period. Quantbot Technologies LP boosted its stake in shares of TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock worth $64,000 after acquiring an additional 7,527 shares during the last quarter. Geode Capital Management LLC grew its position in shares of TTEC by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider’s stock valued at $2,321,000 after acquiring an additional 9,295 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of TTEC in the 3rd quarter worth $59,000. 38.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTEC has been the topic of several analyst reports. StockNews.com raised TTEC from a “sell” rating to a “hold” rating in a report on Saturday, March 8th. Canaccord Genuity Group cut their price objective on TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.83.

TTEC Trading Down 1.8 %

Shares of TTEC stock opened at $3.74 on Friday. TTEC Holdings, Inc. has a fifty-two week low of $3.11 and a fifty-two week high of $8.58. 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 $178.61 million, a P/E ratio of -0.54, a P/E/G ratio of 1.53 and a beta of 1.22. The company has a fifty day moving average of $3.60 and a 200 day moving average of $4.44.

TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The business had revenue of $567.44 million during the quarter, compared to the consensus estimate 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 anticipate that TTEC Holdings, Inc. will post 0.33 earnings per share 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.