Bridgeway Capital Management LLC Makes New Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

Bridgeway Capital Management LLC purchased a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 82,000 shares of the business services provider’s stock, valued at approximately $409,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock worth $64,000 after acquiring an additional 11,717 shares during the period. Quantbot Technologies LP increased its position in TTEC by 140.5% in the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock worth $64,000 after buying an additional 7,527 shares during the period. Pacific Sun Financial Corp bought a new stake in shares of TTEC in the fourth quarter valued at approximately $72,000. JPMorgan Chase & Co. grew its stake in shares of TTEC by 77.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock worth $84,000 after acquiring an additional 7,347 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in TTEC during the 4th quarter valued at $85,000. 38.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TTEC has been the subject of several research reports. Canaccord Genuity Group reduced their target price on shares of TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Monday, March 3rd. StockNews.com upgraded shares of TTEC from a “sell” rating to a “hold” rating in a research note on Saturday, March 8th.

TTEC Trading Up 0.4%

TTEC stock opened at $5.32 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market cap of $254.32 million, a P/E ratio of -0.76, a P/E/G ratio of 1.53 and a beta of 1.22. TTEC Holdings, Inc. has a 1-year low of $3.11 and a 1-year high of $8.45. The business’s 50 day moving average is $3.80 and its 200-day moving average is $4.21.

TTEC (NASDAQ:TTEC) last posted 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). The firm had revenue of $567.44 million during the quarter, compared to the consensus estimate of $575.73 million. TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. Equities analysts anticipate that TTEC Holdings, Inc. will post 0.33 earnings per share for the current fiscal 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.