Swiss National Bank Purchases 1,100 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Swiss National Bank lifted its position in TTEC Holdings, Inc. (NASDAQ:TTEC – Get Rating) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,600 shares of the business services provider’s stock after purchasing an additional 1,100 shares during the quarter. Swiss National Bank owned about 0.10% of TTEC worth $2,012,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in TTEC by 15.3% in the first quarter. JPMorgan Chase & Co. now owns 178,519 shares of the business services provider’s stock valued at $14,732,000 after acquiring an additional 23,670 shares during the last quarter. Raymond James & Associates increased its stake in TTEC by 73.8% in the first quarter. Raymond James & Associates now owns 8,832 shares of the business services provider’s stock valued at $729,000 after acquiring an additional 3,750 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in TTEC by 13.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,002 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 238 shares during the last quarter. Bank of Montreal Can increased its stake in TTEC by 3.3% in the first quarter. Bank of Montreal Can now owns 7,619 shares of the business services provider’s stock valued at $654,000 after acquiring an additional 241 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in TTEC by 57.8% in the first quarter. MetLife Investment Management LLC now owns 10,010 shares of the business services provider’s stock valued at $826,000 after acquiring an additional 3,667 shares during the last quarter. Institutional investors own 36.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TTEC. Barrington Research cut TTEC from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 2nd. Cowen cut their price target on shares of TTEC from $44.00 to $42.00 in a research report on Wednesday, March 1st. StockNews.com assumed coverage on shares of TTEC in a research report on Thursday, May 18th. They set a “hold” rating for the company. Craig Hallum cut their price target on shares of TTEC from $60.00 to $50.00 in a research report on Wednesday, March 1st. Finally, Bank of America dropped their target price on shares of TTEC from $45.00 to $40.00 in a report on Thursday, May 4th.

TTEC Stock Performance

TTEC stock opened at $31.76 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.52. TTEC Holdings, Inc. has a 1-year low of $31.61 and a 1-year high of $77.11. The firm has a 50-day moving average of $35.08 and a 200-day moving average of $42.36. The firm has a market cap of $1.50 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.89 and a beta of 1.01.

TTEC (NASDAQ:TTEC – Get Rating) last issued its quarterly earnings data on Monday, February 27th. The business services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.67 by $0.14. TTEC had a net margin of 3.56% and a return on equity of 25.82%. The business had revenue of $658.28 million during the quarter, compared to analyst estimates of $628.78 million. Sell-side analysts expect that TTEC Holdings, Inc. will post 2.3 EPS for the current year.

TTEC Profile

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TTEC Holdings, Inc is a digital global customer experience technology and services company. It focuses on the design, implementation and delivery of transformative solutions for many of brands. The firm operates through the following segments: TTEC Digital and TTEC Engage. The TTEC Digital segment provides design, build and operate tech-enabled, insight-driven CX solutions.