State of Tennessee Treasury Department Acquires 1,234 Shares of TTEC Holdings Inc (NASDAQ:TTEC)

State of Tennessee Treasury Department increased its holdings in shares of TTEC Holdings Inc (NASDAQ:TTEC) by 8.8% in the third quarter, HoldingsChannel reports. The firm owned 15,244 shares of the business services provider’s stock after buying an additional 1,234 shares during the period. State of Tennessee Treasury Department’s holdings in TTEC were worth $730,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of TTEC. Amundi Pioneer Asset Management Inc. grew its holdings in TTEC by 0.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 143,099 shares of the business services provider’s stock worth $5,185,000 after purchasing an additional 561 shares during the period. WINTON GROUP Ltd bought a new position in TTEC during the second quarter worth about $204,000. Louisiana State Employees Retirement System bought a new position in TTEC during the second quarter worth about $240,000. New York State Teachers Retirement System grew its holdings in TTEC by 11.8% during the second quarter. New York State Teachers Retirement System now owns 12,337 shares of the business services provider’s stock worth $575,000 after purchasing an additional 1,300 shares during the period. Finally, Bessemer Group Inc. grew its holdings in TTEC by 305.1% during the second quarter. Bessemer Group Inc. now owns 40,100 shares of the business services provider’s stock worth $1,868,000 after purchasing an additional 30,200 shares during the period. Institutional investors and hedge funds own 26.25% of the company’s stock.

In other news, EVP Martin F. Deghetto sold 50,949 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $47.52, for a total transaction of $2,421,096.48. Following the completion of the sale, the executive vice president now owns 70,397 shares in the company, valued at $3,345,265.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Regina Paolillo sold 706 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $50.00, for a total value of $35,300.00. Following the sale, the chief financial officer now owns 193,497 shares of the company’s stock, valued at approximately $9,674,850. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,452 shares of company stock valued at $3,483,532. Corporate insiders own 69.45% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research cut TTEC from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Sidoti assumed coverage on TTEC in a report on Thursday, September 19th. They set a “buy” rating for the company. ValuEngine cut TTEC from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, BidaskClub cut TTEC from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $56.50.

Shares of NASDAQ:TTEC opened at $43.65 on Friday. TTEC Holdings Inc has a 12-month low of $24.53 and a 12-month high of $50.45. The stock has a market cap of $2.01 billion, a PE ratio of 29.30 and a beta of 0.68. The business has a 50 day moving average of $46.90 and a 200-day moving average of $44.56. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.84.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. TTEC had a return on equity of 23.39% and a net margin of 4.32%. The company had revenue of $395.51 million during the quarter.

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 17th. Stockholders of record on Monday, September 30th were issued a dividend of $0.32 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from TTEC’s previous Semi-Annual dividend of $0.25. TTEC’s payout ratio is currently 42.95%.

TTEC Profile

TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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