TTEC Holdings, Inc. (NASDAQ:TTEC) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its position in shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) by 62.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,610 shares of the business services provider’s stock after purchasing an additional 1,768 shares during the quarter. ProShare Advisors LLC’s holdings in TTEC were worth $417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its stake in shares of TTEC by 68.1% during the 4th quarter. AdvisorNet Financial Inc now owns 600 shares of the business services provider’s stock worth $54,000 after acquiring an additional 243 shares in the last quarter. Fieldpoint Private Securities LLC boosted its stake in shares of TTEC by 14.6% during the 4th quarter. Fieldpoint Private Securities LLC now owns 1,285 shares of the business services provider’s stock worth $116,000 after acquiring an additional 164 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of TTEC during the 3rd quarter worth $141,000. Gotham Asset Management LLC bought a new stake in shares of TTEC during the 3rd quarter worth $207,000. Finally, Mackenzie Financial Corp bought a new stake in shares of TTEC during the 3rd quarter worth $209,000. 37.93% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:TTEC opened at $65.06 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. TTEC Holdings, Inc. has a 1 year low of $58.99 and a 1 year high of $113.37. The business has a fifty day simple moving average of $77.71 and a 200 day simple moving average of $82.36. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 24.83, a P/E/G ratio of 1.13 and a beta of 0.92.

TTEC (NASDAQ:TTECGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. TTEC had a return on equity of 26.00% and a net margin of 5.33%. The business had revenue of $588.70 million during the quarter, compared to analyst estimates of $573.72 million. During the same period last year, the company earned $1.17 earnings per share. TTEC’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts forecast that TTEC Holdings, Inc. will post 4.58 EPS for the current year.

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 20th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.50 per share. This is a positive change from TTEC’s previous Semi-Annual dividend of $0.47. This represents a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 30th. TTEC’s dividend payout ratio (DPR) is 38.17%.

Several equities research analysts have recently weighed in on the company. Craig Hallum reduced their price objective on TTEC from $130.00 to $120.00 in a research note on Thursday, March 3rd. Zacks Investment Research cut TTEC from a “hold” rating to a “sell” rating in a research report on Tuesday. Barrington Research started coverage on TTEC in a research report on Friday, April 22nd. They issued an “outperform” rating and a $100.00 target price for the company. Canaccord Genuity Group decreased their target price on TTEC from $130.00 to $120.00 in a research report on Thursday, March 3rd. Finally, StockNews.com cut TTEC from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $107.67.

In other TTEC news, Director Gregory A. Conley sold 2,500 shares of the firm’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $83.00, for a total transaction of $207,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 60.30% of the stock is owned by company insiders.

About TTEC (Get Rating)

TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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