TTEC Holdings Inc (NASDAQ:TTEC) Position Reduced by State Board of Administration of Florida Retirement System

Share on StockTwits

State Board of Administration of Florida Retirement System decreased its position in shares of TTEC Holdings Inc (NASDAQ:TTEC) by 35.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,533 shares of the business services provider’s stock after selling 6,950 shares during the period. State Board of Administration of Florida Retirement System’s holdings in TTEC were worth $584,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in TTEC by 513.7% during the first quarter. BNP Paribas Arbitrage SA now owns 3,216 shares of the business services provider’s stock worth $117,000 after purchasing an additional 2,692 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of TTEC in the second quarter valued at $204,000. Magnus Financial Group LLC bought a new position in shares of TTEC in the first quarter valued at $226,000. SG Americas Securities LLC bought a new position in shares of TTEC in the first quarter valued at $231,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of TTEC in the second quarter valued at $240,000. 26.11% of the stock is currently owned by hedge funds and other institutional investors.

In other TTEC news, EVP Martin F. Deghetto sold 25,949 shares of TTEC stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $47.03, for a total transaction of $1,220,381.47. Following the transaction, the executive vice president now directly owns 70,397 shares in the company, valued at approximately $3,310,770.91. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Martin F. Deghetto sold 50,949 shares of TTEC stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $47.52, for a total transaction of $2,421,096.48. Following the transaction, the executive vice president now owns 70,397 shares in the company, valued at $3,345,265.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,824 shares of company stock worth $3,920,000. Corporate insiders own 69.45% of the company’s stock.

Shares of NASDAQ TTEC traded up $0.85 during trading on Thursday, hitting $47.98. The company had a trading volume of 105 shares, compared to its average volume of 86,180. The company has a market cap of $2.16 billion, a P/E ratio of 31.87, a PEG ratio of 3.46 and a beta of 0.72. TTEC Holdings Inc has a 52 week low of $23.01 and a 52 week high of $49.84. The business’s 50-day moving average is $46.68 and its 200 day moving average is $40.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.59 and a current ratio of 1.59.

TTEC (NASDAQ:TTEC) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.23. TTEC had a return on equity of 21.96% and a net margin of 3.60%. The company had revenue of $392.52 million for the quarter, compared to analysts’ expectations of $376.80 million. On average, research analysts expect that TTEC Holdings Inc will post 1.68 EPS for the current year.

Several research firms have issued reports on TTEC. Zacks Investment Research cut TTEC from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. BidaskClub cut TTEC from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 31st. Finally, Craig Hallum upped their price target on TTEC from $50.00 to $60.00 and gave the company a “buy” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.50.

TTEC Profile

TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).

Recommended Story: Call Option Volume

Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

Receive News & Ratings for TTEC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTEC and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Black Iron  Stock Price Up 14.3%
Black Iron Stock Price Up 14.3%
ICICI Bank  Sets New 1-Year High at $12.77
ICICI Bank Sets New 1-Year High at $12.77
NEXT/ADR  Sets New 12-Month High at $44.26
NEXT/ADR Sets New 12-Month High at $44.26
Fincera  Hits New 1-Year Low at $7.19
Fincera Hits New 1-Year Low at $7.19
Pattern Energy Group  Sees Large Volume Increase
Pattern Energy Group Sees Large Volume Increase
PDL BioPharma  Sees Large Volume Increase
PDL BioPharma Sees Large Volume Increase


© 2006-2019 Ticker Report