Jane Street Group LLC Lowers Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Jane Street Group LLC trimmed its stake in TTEC Holdings, Inc. (NASDAQ:TTEC) by 68.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,646 shares of the business services provider’s stock after selling 100,905 shares during the quarter. Jane Street Group LLC’s holdings in TTEC were worth $268,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in TTEC by 324.2% during the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after buying an additional 902,159 shares during the period. Royce & Associates LP grew its stake in TTEC by 77.6% during the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock worth $4,629,000 after buying an additional 344,496 shares during the period. AQR Capital Management LLC grew its stake in TTEC by 227.2% during the second quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after buying an additional 438,072 shares during the period. Walleye Capital LLC grew its stake in TTEC by 44.3% during the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after buying an additional 135,355 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in TTEC by 40.8% during the third quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock worth $1,123,000 after buying an additional 55,407 shares during the period. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.90.

TTEC Price Performance

Shares of TTEC stock opened at $4.00 on Friday. The company has a market capitalization of $190.92 million, a PE ratio of -0.57, a price-to-earnings-growth ratio of 3.36 and a beta of 1.06. The firm has a fifty day simple moving average of $4.89 and a 200-day simple moving average of $5.29. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a twelve month low of $3.67 and a twelve month high of $22.66.

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.