Summit Creek Advisors LLC Boosts Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Summit Creek Advisors LLC increased its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,230 shares of the business services provider’s stock after purchasing an additional 17,762 shares during the quarter. TTEC makes up 2.9% of Summit Creek Advisors LLC’s portfolio, making the stock its 6th biggest holding. Summit Creek Advisors LLC’s holdings in TTEC were worth $25,930,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TTEC. Allspring Global Investments Holdings LLC purchased a new stake in shares of TTEC during the fourth quarter worth about $5,907,000. Yousif Capital Management LLC purchased a new position in TTEC during the 4th quarter valued at approximately $1,567,000. CWM LLC purchased a new position in TTEC during the 4th quarter valued at approximately $1,715,000. Assenagon Asset Management S.A. purchased a new position in TTEC during the 4th quarter valued at approximately $6,640,000. Finally, Fifth Third Bancorp grew its holdings in TTEC by 9.0% during the 4th quarter. Fifth Third Bancorp now owns 8,661 shares of the business services provider’s stock valued at $784,000 after buying an additional 716 shares in the last quarter. Hedge funds and other institutional investors own 37.93% of the company’s stock.

TTEC Price Performance

Shares of TTEC stock opened at $74.68 on Friday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a 50 day moving average price of $68.01 and a 200-day moving average price of $73.25. TTEC Holdings, Inc. has a one year low of $58.99 and a one year high of $113.37.

TTEC (NASDAQ:TTECGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.07. TTEC had a return on equity of 26.00% and a net margin of 5.33%. The firm had revenue of $588.70 million during the quarter, compared to analyst estimates of $573.72 million. During the same period last year, the company earned $1.17 EPS. TTEC’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities analysts expect that TTEC Holdings, Inc. will post 4.58 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TheStreet cut TTEC from a “b” rating to a “c+” rating in a report on Wednesday, May 18th. cut TTEC from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Barrington Research assumed coverage on TTEC in a report on Friday, April 22nd. They set an “outperform” rating and a $100.00 price target for the company. Finally, Cowen cut their price target on TTEC to $72.00 in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $100.40.

TTEC Company Profile

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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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