Walleye Capital LLC Grows Position in TTEC Holdings, Inc. (NASDAQ:TTEC)

Walleye Capital LLC boosted its stake in TTEC Holdings, Inc. (NASDAQ:TTEC) by 44.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 441,151 shares of the business services provider’s stock after buying an additional 135,355 shares during the period. Walleye Capital LLC owned approximately 0.92% of TTEC worth $2,590,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC acquired a new position in TTEC during the 2nd quarter worth about $72,000. Nisa Investment Advisors LLC lifted its holdings in TTEC by 280.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock worth $78,000 after buying an additional 9,809 shares in the last quarter. Magnetar Financial LLC acquired a new stake in TTEC in the 2nd quarter valued at about $80,000. Allspring Global Investments Holdings LLC lifted its stake in TTEC by 35,988.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 15,518 shares of the business services provider’s stock worth $91,000 after acquiring an additional 15,475 shares during the last quarter. Finally, Optas LLC acquired a new position in shares of TTEC during the second quarter worth $103,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TTEC shares. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. Canaccord Genuity Group cut their target price on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Northland Securities decreased their price target on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, StockNews.com cut shares of 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 assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, TTEC has an average rating of “Hold” and an average target price of $11.90.

TTEC Stock Performance

Shares of TTEC opened at $5.13 on Wednesday. The company has a market capitalization of $244.85 million, a PE ratio of -0.73, a P/E/G ratio of 3.38 and a beta of 1.05. TTEC Holdings, Inc. has a 52-week low of $3.67 and a 52-week high of $22.69. The company has a 50-day simple moving average of $5.24 and a 200-day simple moving average of $5.60. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47.

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.