Invenire Partners LP Makes New Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

Invenire Partners LP purchased a new position in shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,600 shares of the business services provider’s stock, valued at approximately $5,216,000. TTEC accounts for about 5.5% of Invenire Partners LP’s investment portfolio, making the stock its 4th largest holding. Invenire Partners LP owned about 0.12% of TTEC as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TTEC. Amundi Pioneer Asset Management Inc. boosted its holdings in TTEC by 0.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 143,099 shares of the business services provider’s stock valued at $5,185,000 after purchasing an additional 561 shares in the last quarter. Millennium Management LLC acquired a new position in TTEC in the second quarter valued at approximately $560,000. Morgan Stanley boosted its holdings in TTEC by 40.0% in the second quarter. Morgan Stanley now owns 89,262 shares of the business services provider’s stock valued at $9,202,000 after purchasing an additional 25,511 shares in the last quarter. Raymond James & Associates boosted its holdings in TTEC by 33.4% in the third quarter. Raymond James & Associates now owns 5,889 shares of the business services provider’s stock valued at $551,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Barclays PLC boosted its holdings in TTEC by 53.2% in the third quarter. Barclays PLC now owns 21,875 shares of the business services provider’s stock valued at $2,046,000 after purchasing an additional 7,592 shares in the last quarter. Institutional investors own 37.93% of the company’s stock.

Shares of TTEC stock traded up $0.03 during trading hours on Monday, reaching $63.84. The stock had a trading volume of 585 shares, compared to its average volume of 140,021. The firm has a 50 day simple moving average of $76.28 and a two-hundred day simple moving average of $81.04. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 1.11 and a beta of 0.92. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. TTEC Holdings, Inc. has a 1 year low of $58.99 and a 1 year high of $113.37.

TTEC (NASDAQ:TTECGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The business services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. The company had revenue of $588.70 million for the quarter, compared to the consensus estimate of $573.72 million. TTEC had a return on equity of 26.00% and a net margin of 5.33%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. Sell-side analysts forecast that TTEC Holdings, Inc. will post 4.58 EPS for the current year.

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 20th. Investors of record on Thursday, March 31st were issued a dividend of $0.50 per share. This is an increase from TTEC’s previous Semi-Annual dividend of $0.47. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 30th. TTEC’s dividend payout ratio (DPR) is presently 38.17%.

A number of brokerages have weighed in on TTEC. Zacks Investment Research cut TTEC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Craig Hallum reduced their price objective on TTEC from $130.00 to $120.00 in a research note on Thursday, March 3rd. Barrington Research began coverage on TTEC in a research note on Friday, April 22nd. They issued an “outperform” rating and a $100.00 price objective for the company. Canaccord Genuity Group reduced their price objective on TTEC from $130.00 to $120.00 in a research note on Thursday, March 3rd. Finally, StockNews.com cut TTEC from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $107.67.

In related news, Director Gregory A. Conley sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $83.00, for a total transaction of $207,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 60.30% of the stock is currently owned by company insiders.

About TTEC (Get Rating)

TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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