Shell Asset Management Co. Sells 925 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Shell Asset Management Co. cut its stake in shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) by 12.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,265 shares of the business services provider’s stock after selling 925 shares during the quarter. Shell Asset Management Co.’s holdings in TTEC were worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TTEC. Copeland Capital Management LLC grew its stake in shares of TTEC by 370.0% during the 1st quarter. Copeland Capital Management LLC now owns 498,291 shares of the business services provider’s stock valued at $41,119,000 after acquiring an additional 392,281 shares during the period. Epoch Investment Partners Inc. lifted its holdings in TTEC by 51.1% in the 4th quarter. Epoch Investment Partners Inc. now owns 248,709 shares of the business services provider’s stock worth $22,521,000 after purchasing an additional 84,088 shares in the last quarter. TD Asset Management Inc. lifted its holdings in TTEC by 31.8% in the 4th quarter. TD Asset Management Inc. now owns 330,188 shares of the business services provider’s stock worth $29,899,000 after purchasing an additional 79,755 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in TTEC in the 4th quarter worth approximately $6,640,000. Finally, Summit Creek Advisors LLC lifted its holdings in TTEC by 30.6% in the 4th quarter. Summit Creek Advisors LLC now owns 296,468 shares of the business services provider’s stock worth $26,845,000 after purchasing an additional 69,546 shares in the last quarter. 37.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TTEC. StockNews.com cut TTEC from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Cowen decreased their price objective on TTEC to $72.00 in a report on Friday, July 22nd. Barrington Research assumed coverage on TTEC in a report on Friday, April 22nd. They set an “outperform” rating and a $100.00 price objective on the stock. Finally, TheStreet cut TTEC from a “b” rating to a “c+” rating in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $105.33.

TTEC Stock Performance

NASDAQ:TTEC opened at $74.49 on Wednesday. The stock’s fifty day moving average is $67.43 and its 200 day moving average is $73.33. TTEC Holdings, Inc. has a fifty-two week low of $58.99 and a fifty-two week high of $113.37. The firm has a market capitalization of $3.50 billion, a PE ratio of 28.43, a PEG ratio of 1.30 and a beta of 0.86. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60.

TTEC (NASDAQ:TTECGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The business services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.07. TTEC had a return on equity of 26.00% and a net margin of 5.33%. The company had revenue of $588.70 million for the quarter, compared to analyst estimates of $573.72 million. During the same quarter in the prior year, the firm posted $1.17 EPS. TTEC’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that TTEC Holdings, Inc. will post 4.58 earnings per share for the current year.

About TTEC

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TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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