Duality Advisers LP Invests $481,000 in TTEC Holdings, Inc. (NASDAQ:TTEC)

Duality Advisers LP bought a new position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,194 shares of the business services provider’s stock, valued at approximately $481,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd lifted its position in shares of TTEC by 43,433.3% during the third quarter. Covestor Ltd now owns 1,306 shares of the business services provider’s stock worth $34,000 after purchasing an additional 1,303 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of TTEC by 62.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,084 shares of the business services provider’s stock worth $81,000 after purchasing an additional 1,185 shares during the last quarter. Graham Capital Management L.P. bought a new stake in shares of TTEC during the third quarter worth $225,000. Louisiana State Employees Retirement System bought a new stake in shares of TTEC during the fourth quarter worth $206,000. Finally, Federated Hermes Inc. bought a new stake in shares of TTEC during the third quarter worth $270,000. 38.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TTEC. Canaccord Genuity Group restated a “hold” rating and issued a $13.00 price objective (down from $30.00) on shares of TTEC in a report on Wednesday, March 6th. Canaccord Genuity Group downgraded TTEC from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Guggenheim began coverage on TTEC in a report on Tuesday, March 19th. They issued a “sell” rating and a $8.00 price objective for the company. Finally, Barrington Research downgraded TTEC from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, TTEC presently has a consensus rating of “Hold” and an average price target of $22.00.

TTEC Stock Performance

TTEC stock opened at $7.76 on Friday. The company has a market capitalization of $368.21 million, a P/E ratio of 43.11, a PEG ratio of 0.86 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50-day moving average price of $11.48 and a 200 day moving average price of $17.30. TTEC Holdings, Inc. has a 1-year low of $7.73 and a 1-year high of $36.70.

TTEC (NASDAQ:TTEC) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The firm had revenue of $626.18 million during the quarter, compared to the consensus estimate of $602.98 million. TTEC had a return on equity of 13.74% and a net margin of 0.34%. As a group, equities research analysts forecast that TTEC Holdings, Inc. will post 1.16 EPS for the current fiscal year.

TTEC Cuts Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 3rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a yield of 4.6%. TTEC’s dividend payout ratio is presently 66.67%.

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.