ClearAlpha Technologies LP Purchases Shares of 70,000 TTEC Holdings, Inc. (NASDAQ:TTEC)

ClearAlpha Technologies LP acquired a new stake in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 70,000 shares of the business services provider’s stock, valued at approximately $411,000.

Several other hedge funds also recently made changes to their positions in TTEC. Federated Hermes Inc. boosted its holdings in TTEC by 324.2% during the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after buying an additional 902,159 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of TTEC by 227.2% during the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after acquiring an additional 438,072 shares in the last quarter. Royce & Associates LP grew its holdings in shares of TTEC by 77.6% in the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock worth $4,629,000 after acquiring an additional 344,496 shares during the last quarter. Vanguard Group Inc. raised its position in shares of TTEC by 6.7% during the first quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock worth $26,653,000 after purchasing an additional 160,567 shares during the period. Finally, Walleye Capital LLC lifted its holdings in shares of TTEC by 44.3% during the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after purchasing an additional 135,355 shares during the last quarter. Institutional investors and hedge funds own 38.03% of the company’s stock.

TTEC Trading Up 0.8 %

Shares of NASDAQ:TTEC opened at $5.18 on Monday. TTEC Holdings, Inc. has a 12-month low of $3.67 and a 12-month high of $22.69. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $247.24 million, a P/E ratio of -0.74, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The firm has a fifty day moving average of $5.20 and a two-hundred day moving average of $5.63.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TTEC shares. Guggenheim raised TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. Canaccord Genuity Group dropped their target price on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. Finally, Northland Securities lowered their price objective on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.90.

TTEC Profile

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.