TTEC Holdings Inc (TTEC) Shares Sold by First Manhattan Co.

First Manhattan Co. trimmed its stake in TTEC Holdings Inc (NASDAQ:TTEC) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,117 shares of the business services provider’s stock after selling 1,307 shares during the period. First Manhattan Co. owned about 0.07% of TTEC worth $1,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TTEC. Wells Fargo & Company MN grew its position in TTEC by 211.0% in the 3rd quarter. Wells Fargo & Company MN now owns 68,126 shares of the business services provider’s stock worth $1,765,000 after purchasing an additional 46,220 shares during the last quarter. Prudential Financial Inc. grew its position in TTEC by 16.2% in the 3rd quarter. Prudential Financial Inc. now owns 47,158 shares of the business services provider’s stock worth $1,222,000 after purchasing an additional 6,559 shares during the last quarter. Bank of New York Mellon Corp grew its position in TTEC by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 314,338 shares of the business services provider’s stock worth $8,141,000 after purchasing an additional 11,489 shares during the last quarter. Dimensional Fund Advisors LP grew its position in TTEC by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,411,364 shares of the business services provider’s stock worth $36,554,000 after purchasing an additional 17,781 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in TTEC by 11.3% in the 3rd quarter. Renaissance Technologies LLC now owns 345,322 shares of the business services provider’s stock worth $8,944,000 after purchasing an additional 35,000 shares during the last quarter. Institutional investors own 26.86% of the company’s stock.

Shares of TTEC stock opened at $34.92 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.80. TTEC Holdings Inc has a twelve month low of $23.01 and a twelve month high of $37.55. The stock has a market cap of $1.63 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.67 and a beta of 0.78.

TTEC (NASDAQ:TTEC) last issued its earnings results on Wednesday, March 6th. The business services provider reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.13). TTEC had a net margin of 2.37% and a return on equity of 20.37%. The business had revenue of $419.13 million for the quarter, compared to analyst estimates of $410.19 million. Research analysts forecast that TTEC Holdings Inc will post 1.65 earnings per share for the current year.

The firm also recently announced a semiannual dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.30 per share. This is a positive change from TTEC’s previous semiannual dividend of $0.28. This represents a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, March 27th. TTEC’s payout ratio is 40.27%.

In other news, Director Gregory A. Conley sold 1,500 shares of TTEC stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.67, for a total transaction of $52,005.00. Following the sale, the director now directly owns 10,286 shares in the company, valued at approximately $356,615.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 69.60% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the stock. BidaskClub lowered shares of TTEC from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research lowered shares of TTEC from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. TheStreet upgraded shares of TTEC from a “c” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, ValuEngine upgraded shares of TTEC from a “hold” rating to a “buy” rating in a research report on Monday, April 1st.

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About TTEC

TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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