Point72 Asia Singapore Pte. Ltd. Decreases Stake in TTEC Holdings, Inc. (NASDAQ:TTEC)

Point72 Asia Singapore Pte. Ltd. cut its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,432 shares of the business services provider’s stock after selling 6,434 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in TTEC were worth $62,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TTEC. Quantbot Technologies LP lifted its stake in TTEC by 140.5% during the 4th 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. Price T Rowe Associates Inc. MD increased its stake in shares of TTEC by 20.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider’s stock worth $182,000 after acquiring an additional 6,273 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of TTEC during the fourth quarter worth $176,000. Raymond James Financial Inc. acquired a new position in TTEC during the fourth quarter valued at $142,000. Finally, Barclays PLC lifted 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 purchasing an additional 4,117 shares during the period. 38.03% of the stock is owned by hedge funds and other institutional investors.

TTEC Stock Down 1.9%

TTEC opened at $5.14 on Monday. The company has a fifty day moving average of $3.92 and a two-hundred day moving average of $4.21. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. TTEC Holdings, Inc. has a fifty-two week low of $3.11 and a fifty-two week high of $8.45. The stock has a market capitalization of $245.86 million, a price-to-earnings ratio of -0.74, a PEG ratio of 1.53 and a beta of 1.22.

TTEC (NASDAQ:TTEC) last announced its quarterly 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 business had revenue of $567.44 million during the quarter, compared to analysts’ expectations of $575.73 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. On average, research analysts expect that TTEC Holdings, Inc. will post 0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TTEC. StockNews.com upgraded TTEC from a “sell” rating to a “hold” rating in a research note on Saturday, March 8th. Canaccord Genuity Group reduced 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.

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.