Guggenheim Capital LLC Sells 3,050 Shares of TTEC Holdings, Inc. (NASDAQ:TTEC)

Guggenheim Capital LLC decreased its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,834 shares of the business services provider’s stock after selling 3,050 shares during the period. Guggenheim Capital LLC owned about 0.09% of TTEC worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in TTEC by 140.5% in the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock worth $64,000 after buying an additional 7,527 shares in the last quarter. GAMMA Investing LLC raised its stake in TTEC by 1,054.6% in the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock worth $64,000 after buying an additional 11,717 shares in the last quarter. Pacific Sun Financial Corp bought a new position in TTEC in the fourth quarter worth approximately $72,000. JPMorgan Chase & Co. raised its stake in TTEC by 77.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock worth $84,000 after buying an additional 7,347 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in TTEC in the fourth quarter worth approximately $85,000. Institutional investors own 38.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of TTEC from a “sell” rating to a “hold” rating in a research note on Saturday, March 8th. Canaccord Genuity Group cut their price target on shares of TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a report on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.83.

TTEC Price Performance

NASDAQ TTEC opened at $4.01 on Tuesday. The firm’s fifty day simple moving average is $3.68 and its two-hundred day simple moving average is $4.30. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC Holdings, Inc. has a 12-month low of $3.11 and a 12-month high of $8.45. The firm has a market capitalization of $191.69 million, a P/E ratio of -0.57, a P/E/G ratio of 1.53 and a beta of 1.22.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The company had revenue of $567.44 million for the quarter, compared to analysts’ expectations of $575.73 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. Analysts forecast that TTEC Holdings, Inc. will post 0.33 EPS for the current fiscal year.

TTEC Company 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.