SG Americas Securities LLC Has $105,000 Stake in TTEC Holdings, Inc. (NASDAQ:TTEC)

SG Americas Securities LLC lowered its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC) by 13.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,831 shares of the business services provider’s stock after selling 2,828 shares during the quarter. SG Americas Securities LLC’s holdings in TTEC were worth $105,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. ProShare Advisors LLC lifted its position in TTEC by 26.0% during the 1st quarter. ProShare Advisors LLC now owns 364,840 shares of the business services provider’s stock worth $3,783,000 after buying an additional 75,212 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of TTEC during the first quarter worth approximately $2,910,000. Assenagon Asset Management S.A. bought a new stake in shares of TTEC during the second quarter valued at approximately $363,000. Vanguard Group Inc. increased its holdings in shares of TTEC by 6.7% in the first quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock valued at $26,653,000 after purchasing an additional 160,567 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in TTEC by 227.2% in the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after purchasing an additional 438,072 shares during the last quarter. Institutional investors own 38.03% of the company’s stock.

TTEC Stock Down 1.1 %

Shares of TTEC stock opened at $5.39 on Monday. The business has a fifty day simple moving average of $4.96 and a 200 day simple moving average of $6.15. The stock has a market cap of $256.33 million, a PE ratio of -20.73, a price-to-earnings-growth ratio of 3.10 and a beta of 1.04. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06. TTEC Holdings, Inc. has a 12 month low of $3.67 and a 12 month high of $22.69.

TTEC (NASDAQ:TTEC) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.14). The company had revenue of $534.09 million for the quarter, compared to analyst estimates of $554.67 million. TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. Research analysts predict that TTEC Holdings, Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Northland Securities decreased their price objective on TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. StockNews.com cut TTEC from a “hold” rating to a “sell” rating in a report on Friday, September 6th. Canaccord Genuity Group lowered their price objective on TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Finally, Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on 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.