Geode Capital Management LLC Reduces Stock Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Geode Capital Management LLC lessened its position in TTEC Holdings, Inc. (NASDAQ:TTEC) by 1.2% during the third quarter, Holdings Channel.com reports. The fund owned 455,750 shares of the business services provider’s stock after selling 5,687 shares during the period. Geode Capital Management LLC’s holdings in TTEC were worth $2,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. grew its stake in shares of TTEC by 324.2% in the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after purchasing an additional 902,159 shares during the last quarter. Royce & Associates LP lifted its holdings in TTEC by 77.6% in the 3rd 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 position in shares of TTEC by 227.2% in the 2nd 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 last quarter. Walleye Capital LLC increased its stake in shares of TTEC by 44.3% during the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after buying an additional 135,355 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of TTEC by 40.8% during the third quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock valued at $1,123,000 after acquiring an additional 55,407 shares in the last quarter. 38.03% of the stock is owned by institutional investors.

TTEC Stock Performance

Shares of TTEC stock opened at $4.27 on Wednesday. The business has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $5.34. The firm has a market capitalization of $203.80 million, a P/E ratio of -0.61, a P/E/G ratio of 3.36 and a beta of 1.06. 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 12 month low of $3.67 and a 12 month high of $22.66.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTEC. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, TTEC presently has an average rating of “Hold” and an average target price of $11.90.

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.