Schonfeld Strategic Advisors LLC Has $691,000 Stock Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

Schonfeld Strategic Advisors LLC grew its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 33.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,440 shares of the business services provider’s stock after purchasing an additional 35,040 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in TTEC were worth $691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northern Trust Corp increased its holdings 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. Vazirani Asset Management LLC grew its position in shares of TTEC by 93.3% in the 4th quarter. Vazirani Asset Management LLC now owns 50,000 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 24,132 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of TTEC in the 4th quarter valued at about $201,000. Credit Industriel ET Commercial acquired a new stake in TTEC in the 4th quarter valued at about $498,000. Finally, Cigogne Management SA bought a new position in TTEC during the fourth quarter worth about $729,000. Institutional investors own 38.03% of the company’s stock.

Analysts Set New Price Targets

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

TTEC Stock Up 32.8 %

TTEC stock opened at $5.31 on Friday. The business’s fifty day moving average price is $3.76 and its two-hundred day moving average price is $4.22. The stock has a market capitalization of $253.84 million, a price-to-earnings ratio of -0.76, a PEG ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a fifty-two week low of $3.11 and a fifty-two week high of $8.45. 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 (NASDAQ:TTEC) last posted its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. The business had revenue of $567.44 million during the quarter, compared to the consensus estimate of $575.73 million. On average, equities analysts anticipate that TTEC Holdings, Inc. will post 0.33 earnings per share for the current 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.