Quadrant Capital Group LLC Boosts Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

Quadrant Capital Group LLC raised its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC) by 128.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,854 shares of the business services provider’s stock after purchasing an additional 1,607 shares during the period. Quadrant Capital Group LLC’s holdings in TTEC were worth $62,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Covestor Ltd lifted its stake in TTEC by 43,433.3% in the 3rd quarter. Covestor Ltd now owns 1,306 shares of the business services provider’s stock valued at $34,000 after buying an additional 1,303 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 valued at $81,000 after acquiring an additional 1,185 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in TTEC during the 4th quarter worth about $206,000. Graham Capital Management L.P. acquired a new position in TTEC in the 3rd quarter valued at about $225,000. Finally, Federated Hermes Inc. purchased a new position in TTEC in the 3rd quarter valued at about $270,000. 38.03% of the stock is owned by hedge funds and other institutional investors.

TTEC Trading Down 2.0 %

NASDAQ TTEC opened at $6.31 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.61 and a current ratio of 1.61. TTEC Holdings, Inc. has a one year low of $6.31 and a one year high of $36.27. The company’s 50 day moving average price is $8.39 and its 200 day moving average price is $15.04.

TTEC (NASDAQ:TTEC) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). TTEC had a negative net margin of 0.52% and a positive return on equity of 9.61%. The business had revenue of $626.18 million for the quarter, compared to analyst estimates of $602.98 million. As a group, equities research analysts forecast that TTEC Holdings, Inc. will post 1.07 earnings per share for the current fiscal year.

TTEC Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 3rd were given a dividend of $0.06 per share. This represents a yield of 4.6%. The ex-dividend date was Tuesday, April 2nd. TTEC’s dividend payout ratio (DPR) is presently -46.15%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TTEC shares. Canaccord Genuity Group downgraded shares of TTEC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Canaccord Genuity Group dropped their target price on TTEC from $13.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, May 10th. Guggenheim assumed coverage on TTEC in a research note on Tuesday, March 19th. They issued a “sell” rating and a $8.00 price target on the stock. Craig Hallum dropped their price objective on shares of TTEC from $18.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Barrington Research cut shares of TTEC from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.60.

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.