JPMorgan Chase & Co. Sells 248,092 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

JPMorgan Chase & Co. trimmed its position in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 96.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,545 shares of the business services provider’s stock after selling 248,092 shares during the period. JPMorgan Chase & Co.’s holdings in TTEC were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of TTEC during the 2nd quarter worth about $413,000. AQR Capital Management LLC raised its stake in TTEC by 227.2% in the second quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock valued at $3,710,000 after buying an additional 438,072 shares during the period. Algert Global LLC lifted its position in shares of TTEC by 3.9% in the second quarter. Algert Global LLC now owns 86,287 shares of the business services provider’s stock valued at $507,000 after buying an additional 3,230 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of TTEC by 50.5% in the third quarter. Exchange Traded Concepts LLC now owns 72,676 shares of the business services provider’s stock valued at $427,000 after buying an additional 24,392 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of TTEC by 67.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 103,200 shares of the business services provider’s stock worth $606,000 after acquiring an additional 41,497 shares during the period. 38.03% of the stock is owned by institutional investors.

TTEC Price Performance

Shares of NASDAQ TTEC opened at $3.60 on Tuesday. The business’s 50 day moving average is $4.61 and its 200-day moving average is $5.05. The firm has a market cap of $171.83 million, a P/E ratio of -0.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. TTEC Holdings, Inc. has a 1-year low of $3.59 and a 1-year high of $19.74. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47.

Analyst Ratings Changes

Separately, StockNews.com downgraded TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.