TTEC Holdings Inc (NASDAQ:TTEC) Short Interest Update
TTEC Holdings Inc (NASDAQ:TTEC) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 422,500 shares, a growth of 15.8% from the August 15th total of 364,800 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 116,400 shares, the short-interest ratio is currently 3.6 days.
Shares of NASDAQ:TTEC opened at $55.34 on Thursday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 2.84 and a beta of 0.64. The firm’s 50-day simple moving average is $55.58 and its 200-day simple moving average is $43.87. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 1.56. TTEC has a fifty-two week low of $26.28 and a fifty-two week high of $60.60.
TTEC (NASDAQ:TTEC) last issued its earnings results on Wednesday, August 5th. The business services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.39. The business had revenue of $453.08 million for the quarter, compared to the consensus estimate of $398.40 million. TTEC had a net margin of 5.70% and a return on equity of 26.60%. On average, research analysts forecast that TTEC will post 2.41 EPS for the current year.
In other news, SVP Margaret B. Mclean sold 7,000 shares of TTEC stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $59.00, for a total transaction of $413,000.00. Following the transaction, the senior vice president now owns 36,856 shares in the company, valued at approximately $2,174,504. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Martin F. Deghetto sold 4,665 shares of TTEC stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $58.00, for a total value of $270,570.00. Following the transaction, the executive vice president now owns 39,704 shares in the company, valued at approximately $2,302,832. The disclosure for this sale can be found here. Insiders sold a total of 41,665 shares of company stock worth $2,436,170 in the last 90 days. 61.50% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of TTEC. BlackRock Inc. boosted its holdings in TTEC by 1.9% in the 1st quarter. BlackRock Inc. now owns 2,551,792 shares of the business services provider’s stock valued at $93,702,000 after purchasing an additional 48,346 shares during the period. State Street Corp grew its position in TTEC by 12.4% in the 1st quarter. State Street Corp now owns 528,464 shares of the business services provider’s stock worth $19,584,000 after purchasing an additional 58,443 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of TTEC by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 371,949 shares of the business services provider’s stock valued at $17,318,000 after acquiring an additional 3,235 shares in the last quarter. Granite Investment Partners LLC boosted its position in shares of TTEC by 1.7% during the 2nd quarter. Granite Investment Partners LLC now owns 356,035 shares of the business services provider’s stock valued at $16,577,000 after acquiring an additional 6,073 shares in the last quarter. Finally, Pembroke Management LTD boosted its position in shares of TTEC by 154.2% during the 2nd quarter. Pembroke Management LTD now owns 321,061 shares of the business services provider’s stock valued at $14,949,000 after acquiring an additional 194,780 shares in the last quarter. 34.69% of the stock is currently owned by institutional investors and hedge funds.
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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