Royce & Associates LP Cuts Stock Position in TTEC Holdings Inc (NASDAQ:TTEC)

Royce & Associates LP cut its stake in shares of TTEC Holdings Inc (NASDAQ:TTEC) by 60.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,853 shares of the business services provider’s stock after selling 4,329 shares during the period. Royce & Associates LP’s holdings in TTEC were worth $113,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TTEC. Parkside Financial Bank & Trust grew its position in shares of TTEC by 34.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,315 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 337 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in TTEC in the 3rd quarter valued at about $60,000. Royal Bank of Canada lifted its stake in TTEC by 63.2% in the 2nd quarter. Royal Bank of Canada now owns 1,532 shares of the business services provider’s stock valued at $71,000 after buying an additional 593 shares in the last quarter. US Bancorp DE boosted its holdings in TTEC by 121.7% in the 4th quarter. US Bancorp DE now owns 2,368 shares of the business services provider’s stock worth $94,000 after buying an additional 1,300 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in TTEC by 702.5% in the 4th quarter. LS Investment Advisors LLC now owns 3,242 shares of the business services provider’s stock worth $128,000 after buying an additional 2,838 shares during the last quarter. Institutional investors own 27.75% of the company’s stock.

A number of equities analysts have commented on TTEC shares. BidaskClub raised TTEC from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. Zacks Investment Research lowered TTEC from a “buy” rating to a “hold” rating in a research note on Saturday, January 25th. Bank of America started coverage on TTEC in a research report on Tuesday, January 14th. They set a “buy” rating and a $48.00 price target for the company. William Blair started coverage on TTEC in a research note on Monday, December 30th. They issued an “outperform” rating for the company. Finally, Cowen assumed coverage on TTEC in a research note on Friday, January 17th. They issued an “outperform” rating and a $50.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.80.

NASDAQ TTEC traded down $0.69 during trading hours on Friday, hitting $44.30. 113,248 shares of the company’s stock traded hands, compared to its average volume of 139,684. The company has a market capitalization of $2.09 billion, a PE ratio of 23.93, a PEG ratio of 2.13 and a beta of 0.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.44 and a quick ratio of 1.44. TTEC Holdings Inc has a 52-week low of $30.53 and a 52-week high of $50.45. The firm’s 50-day moving average is $41.42 and its 200-day moving average is $44.11.

In other news, CEO Kenneth D. Tuchman sold 450,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $36.50, for a total value of $16,425,000.00. Following the completion of the sale, the chief executive officer now directly owns 6,686,901 shares in the company, valued at $244,071,886.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth D. Tuchman sold 3,000,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $36.50, for a total value of $109,500,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,686,901 shares of the company’s stock, valued at approximately $134,571,886.50. The disclosure for this sale can be found here. Company insiders own 69.45% of the company’s stock.

TTEC Profile

TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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