Prudential Financial Inc. grew its holdings in TTEC Holdings Inc (NASDAQ:TTEC) by 35.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,169 shares of the business services provider’s stock after purchasing an additional 10,550 shares during the period. Prudential Financial Inc. owned approximately 0.09% of TTEC worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new position in TTEC during the 4th quarter worth about $212,000. Teacher Retirement System of Texas acquired a new position in TTEC during the 4th quarter worth about $223,000. Mackay Shields LLC acquired a new position in TTEC during the 1st quarter worth about $264,000. MetLife Investment Advisors LLC acquired a new position in TTEC during the 4th quarter worth about $297,000. Finally, Summit Global Investments lifted its stake in TTEC by 23.5% during the 1st quarter. Summit Global Investments now owns 16,800 shares of the business services provider’s stock worth $516,000 after acquiring an additional 3,200 shares in the last quarter. 24.20% of the stock is currently owned by institutional investors and hedge funds.
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TTEC stock opened at $36.20 on Thursday. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.31 and a beta of 0.94. TTEC Holdings Inc has a 1 year low of $29.70 and a 1 year high of $43.75.
TTEC (NASDAQ:TTEC) last posted its quarterly earnings results on Tuesday, May 8th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $375.25 million for the quarter, compared to analyst estimates of $356.90 million. TTEC had a positive return on equity of 22.77% and a negative net margin of 0.49%. equities analysts forecast that TTEC Holdings Inc will post 1.97 EPS for the current fiscal year.
Several equities analysts recently issued reports on the company. BidaskClub raised TTEC from a “strong sell” rating to a “sell” rating in a research note on Friday, May 18th. Zacks Investment Research raised TTEC from a “sell” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, May 16th. Finally, TheStreet lowered TTEC from a “b-” rating to a “c” rating in a research note on Monday, March 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.00.
In other TTEC news, EVP Robert N. Jimenez sold 6,000 shares of the stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $32.55, for a total value of $195,300.00. Following the sale, the executive vice president now owns 5,234 shares of the company’s stock, valued at approximately $170,366.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert N. Jimenez sold 4,000 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $32.81, for a total value of $131,240.00. Following the completion of the sale, the executive vice president now directly owns 15,953 shares in the company, valued at approximately $523,417.93. The disclosure for this sale can be found here. 69.60% of the stock is owned by company insiders.
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.