TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 44.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,251 shares of the business services provider’s stock after selling 25,893 shares during the period. Rhumbline Advisers owned approximately 0.07% of TTEC worth $190,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in shares of TTEC by 280.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock valued at $78,000 after acquiring an additional 9,809 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of TTEC during the 1st quarter worth $86,000. EntryPoint Capital LLC purchased a new position in shares of TTEC in the first quarter valued at $88,000. Allspring Global Investments Holdings LLC lifted its stake in TTEC by 35,988.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,518 shares of the business services provider’s stock valued at $91,000 after buying an additional 15,475 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of TTEC by 42.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the business services provider’s stock worth $95,000 after buying an additional 1,323 shares in the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TTEC Stock Up 1.0 %

NASDAQ:TTEC opened at $4.05 on Monday. TTEC Holdings, Inc. has a 12-month low of $3.67 and a 12-month high of $28.38. The firm has a market capitalization of $193.27 million, a P/E ratio of -15.58, a P/E/G ratio of 2.21 and a beta of 1.04. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06. The stock’s fifty day simple moving average is $5.16 and its 200-day simple moving average is $6.74.

TTEC (NASDAQ:TTEC) last released its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). TTEC had a negative net margin of 13.39% and a positive return on equity of 7.38%. The business had revenue of $534.09 million during the quarter, compared to the consensus estimate of $554.67 million. Equities research analysts expect that TTEC Holdings, Inc. will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

TTEC has been the subject of several recent research reports. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Northland Securities dropped their price target on TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group lowered their price target on TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.90.

About TTEC

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.