TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 166.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 115,542 shares of the business services provider’s stock after purchasing an additional 72,211 shares during the quarter. Cubist Systematic Strategies LLC owned 0.24% of TTEC worth $577,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTEC. Barclays PLC grew its position in TTEC by 12.2% during the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider’s stock valued at $189,000 after acquiring an additional 4,117 shares during the period. American Century Companies Inc. grew its position in TTEC by 13.4% during the fourth quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 4,313 shares during the period. Price T Rowe Associates Inc. MD grew its position in TTEC by 20.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 6,273 shares during the period. JPMorgan Chase & Co. grew its position in TTEC by 77.0% during the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 7,347 shares during the period. Finally, Quantbot Technologies LP grew its position in TTEC by 140.5% during the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 7,527 shares during the period. 38.03% of the stock is owned by institutional investors and hedge funds.

TTEC Price Performance

Shares of NASDAQ TTEC opened at $5.24 on Friday. TTEC Holdings, Inc. has a 1-year low of $3.11 and a 1-year high of $8.45. The business has a 50-day moving average of $3.89 and a 200-day moving average of $4.22. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market capitalization of $250.49 million, a price-to-earnings ratio of -0.75, a PEG ratio of 1.53 and a beta of 1.22.

TTEC (NASDAQ:TTEC) last issued its earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. The company had revenue of $567.44 million during the quarter, compared to analysts’ expectations of $575.73 million. On average, equities analysts anticipate that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group lowered their price target on TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research report on Monday, March 3rd. StockNews.com raised TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th.

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.