Ramsey Quantitative Systems boosted its position in shares of TTEC Holdings Inc (NASDAQ:TTEC) by 123.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,870 shares of the business services provider’s stock after purchasing an additional 2,691 shares during the period. Ramsey Quantitative Systems’ holdings in TTEC were worth $126,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new position in TTEC during the second quarter valued at approximately $115,000. Acadian Asset Management LLC boosted its holdings in shares of TTEC by 68.6% in the second quarter. Acadian Asset Management LLC now owns 4,007 shares of the business services provider’s stock valued at $139,000 after buying an additional 1,630 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of TTEC in the second quarter valued at approximately $143,000. SG Americas Securities LLC acquired a new position in shares of TTEC in the second quarter valued at approximately $199,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of TTEC in the second quarter valued at approximately $221,000. 24.77% of the stock is owned by hedge funds and other institutional investors.
TTEC traded up $1.31 during trading hours on Friday, hitting $28.57. 80,307 shares of the company’s stock were exchanged, compared to its average volume of 66,846. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.87. TTEC Holdings Inc has a 1-year low of $23.01 and a 1-year high of $42.30. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.97 and a beta of 0.73.
TTEC (NASDAQ:TTEC) last posted its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. TTEC had a negative net margin of 1.71% and a positive return on equity of 20.49%. The firm had revenue of $364.94 million for the quarter, compared to analyst estimates of $356.49 million. As a group, research analysts predict that TTEC Holdings Inc will post 1.61 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which was paid on Friday, October 19th. Shareholders of record on Tuesday, October 9th were given a dividend of $0.28 per share. This is a positive change from TTEC’s previous semiannual dividend of $0.27. This represents a yield of 2.16%. The ex-dividend date was Friday, October 5th. TTEC’s dividend payout ratio is 31.11%.
Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of TTEC from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. ValuEngine upgraded shares of TTEC from a “strong sell” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Zacks Investment Research cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Saturday, August 11th.
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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