Cubist Systematic Strategies LLC Grows Holdings in TTEC Holdings, Inc. (NASDAQ:TTEC)

Cubist Systematic Strategies LLC grew its holdings in shares of TTEC Holdings, Inc. (NASDAQ:TTEC) by 166.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 115,542 shares of the business services provider’s stock after acquiring an additional 72,211 shares during the period. Cubist Systematic Strategies LLC’s holdings in TTEC were worth $577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TTEC. Quantbot Technologies LP boosted its stake in shares of TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock valued at $64,000 after buying an additional 7,527 shares during the last quarter. Pacific Sun Financial Corp acquired a new stake in shares of TTEC during the 4th quarter valued at approximately $72,000. JPMorgan Chase & Co. raised its position in shares of TTEC by 77.0% during the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 7,347 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of TTEC during the 4th quarter valued at approximately $85,000. Finally, Jump Financial LLC acquired a new stake in shares of TTEC during the 4th quarter valued at approximately $110,000. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

TTEC Trading Up 2.1%

NASDAQ:TTEC opened at $5.24 on Friday. TTEC Holdings, Inc. has a 1-year low of $3.11 and a 1-year high of $8.45. The firm has a market capitalization of $250.49 million, a price-to-earnings ratio of -0.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The stock has a fifty day simple moving average of $3.89 and a 200 day simple moving average of $4.22.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TTEC shares. Canaccord Genuity Group dropped their price target on TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a research report on Monday, March 3rd. StockNews.com raised TTEC from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th.

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.