American Century Companies Inc. Has $159,000 Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

American Century Companies Inc. raised its position in TTEC Holdings, Inc. (NASDAQ:TTEC) by 16.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,965 shares of the business services provider’s stock after purchasing an additional 3,756 shares during the quarter. American Century Companies Inc.’s holdings in TTEC were worth $159,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTEC. Canaccord Genuity Group decreased their price objective on TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a report on Tuesday, August 13th. StockNews.com cut TTEC from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Northland Securities cut their price objective on TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Finally, Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.90.

TTEC Stock Down 1.2 %

Shares of NASDAQ:TTEC opened at $5.82 on Friday. The business’s 50-day moving average is $4.97 and its 200-day moving average is $6.60. TTEC Holdings, Inc. has a 1 year low of $3.67 and a 1 year high of $26.08. The company has a market capitalization of $277.73 million, a price-to-earnings ratio of -22.38, a P/E/G ratio of 3.25 and a beta of 1.04. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56.

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

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.