Zebra Capital Management LLC Sells 3,197 Shares of TTEC Holdings Inc (TTEC)
Zebra Capital Management LLC reduced its holdings in TTEC Holdings Inc (NASDAQ:TTEC) by 10.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,771 shares of the business services provider’s stock after selling 3,197 shares during the quarter. Zebra Capital Management LLC’s holdings in TTEC were worth $959,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Capital Impact Advisors LLC increased its stake in TTEC by 28.4% in the 2nd quarter. Capital Impact Advisors LLC now owns 50,444 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 11,154 shares during the last quarter. Prudential Financial Inc. increased its stake in TTEC by 35.6% in the 1st quarter. Prudential Financial Inc. now owns 40,169 shares of the business services provider’s stock valued at $1,233,000 after buying an additional 10,550 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in TTEC in the 2nd quarter valued at $115,000. Louisiana State Employees Retirement System acquired a new stake in TTEC in the 2nd quarter valued at $221,000. Finally, Northern Trust Corp increased its stake in TTEC by 36.2% in the 1st quarter. Northern Trust Corp now owns 283,826 shares of the business services provider’s stock valued at $8,713,000 after buying an additional 75,393 shares during the last quarter. Hedge funds and other institutional investors own 24.71% of the company’s stock.
Several equities research analysts have issued reports on the stock. ValuEngine upgraded shares of TTEC from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Zacks Investment Research upgraded shares of TTEC from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, May 23rd. Finally, BidaskClub lowered shares of TTEC from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Three analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock currently has an average rating of “Sell” and an average price target of $41.00.
Shares of TTEC stock opened at $24.35 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.87. TTEC Holdings Inc has a 1 year low of $23.50 and a 1 year high of $43.75. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80.
TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). The firm had revenue of $349.85 million for the quarter, compared to analyst estimates of $345.73 million. TTEC had a positive return on equity of 21.80% and a negative net margin of 1.10%. research analysts expect that TTEC Holdings Inc will post 1.61 EPS for the current year.
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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