Geode Capital Management LLC grew its holdings in shares of TTEC Holdings Inc (NASDAQ:TTEC) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,792 shares of the business services provider’s stock after acquiring an additional 7,942 shares during the period. Geode Capital Management LLC owned 0.43% of TTEC worth $5,650,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Texas Permanent School Fund grew its holdings in TTEC by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 9,068 shares of the business services provider’s stock worth $259,000 after acquiring an additional 353 shares during the period. Bank of Montreal Can grew its holdings in TTEC by 88.7% during the 4th quarter. Bank of Montreal Can now owns 2,155 shares of the business services provider’s stock worth $62,000 after acquiring an additional 1,013 shares during the period. Legal & General Group Plc grew its holdings in TTEC by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 34,237 shares of the business services provider’s stock worth $884,000 after acquiring an additional 1,110 shares during the period. Arizona State Retirement System grew its holdings in TTEC by 6.2% during the 4th quarter. Arizona State Retirement System now owns 21,341 shares of the business services provider’s stock worth $610,000 after acquiring an additional 1,247 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in TTEC by 481.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,721 shares of the business services provider’s stock worth $50,000 after acquiring an additional 1,425 shares during the period. Hedge funds and other institutional investors own 26.86% of the company’s stock.
Shares of TTEC opened at $35.39 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $1.64 billion, a PE ratio of 23.75, a PEG ratio of 2.66 and a beta of 0.78. TTEC Holdings Inc has a one year low of $23.01 and a one year high of $37.55.
TTEC (NASDAQ:TTEC) last issued its earnings results on Wednesday, March 6th. The business services provider reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.13). The firm had revenue of $419.13 million during the quarter, compared to analyst estimates of $410.19 million. TTEC had a net margin of 2.37% and a return on equity of 20.37%. On average, sell-side analysts forecast that TTEC Holdings Inc will post 1.65 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from TTEC’s previous semiannual dividend of $0.28. This represents a dividend yield of 1.69%. TTEC’s dividend payout ratio (DPR) is currently 40.27%.
TTEC has been the subject of a number of recent analyst reports. TheStreet upgraded TTEC from a “c” rating to a “b” rating in a report on Wednesday, March 20th. ValuEngine upgraded TTEC from a “hold” rating to a “buy” rating in a report on Monday, April 1st. BidaskClub downgraded TTEC from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, Zacks Investment Research downgraded TTEC from a “hold” rating to a “sell” rating in a report on Thursday, January 10th.
In other news, Director Gregory A. Conley sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.67, for a total value of $52,005.00. Following the completion of the sale, the director now directly owns 10,286 shares in the company, valued at approximately $356,615.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 69.60% of the company’s stock.
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TTEC Company Profile
TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.
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