XTX Topco Ltd Takes Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

XTX Topco Ltd purchased a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 10,115 shares of the business services provider’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in TTEC by 324.2% in the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock valued at $6,941,000 after buying an additional 902,159 shares during the period. AQR Capital Management LLC boosted its position 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 valued at $3,710,000 after purchasing an additional 438,072 shares in the last quarter. Royce & Associates LP grew its stake in TTEC by 77.6% during the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock worth $4,629,000 after purchasing an additional 344,496 shares during the period. Walleye Capital LLC increased its holdings in TTEC by 44.3% in the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after purchasing an additional 135,355 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of TTEC during the 2nd quarter worth approximately $413,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

TTEC Stock Performance

NASDAQ TTEC opened at $4.54 on Monday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The company has a fifty day simple moving average of $5.15 and a 200 day simple moving average of $5.48. TTEC Holdings, Inc. has a 12-month low of $3.67 and a 12-month high of $22.66. The company has a market cap of $216.69 million, a P/E ratio of -0.65, a PEG ratio of 3.36 and a beta of 1.05.

Wall Street Analysts Forecast Growth

TTEC has been the subject of several research analyst reports. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. StockNews.com lowered shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.90.

About TTEC

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.