Texas Permanent School Fund cut its holdings in TTEC Holdings, Inc. (NASDAQ:TTEC – Get Rating) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,650 shares of the business services provider’s stock after selling 607 shares during the quarter. Texas Permanent School Fund’s holdings in TTEC were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of TTEC. JPMorgan Chase & Co. grew its position in shares of TTEC by 15.3% in the 1st quarter. JPMorgan Chase & Co. now owns 178,519 shares of the business services provider’s stock worth $14,732,000 after buying an additional 23,670 shares during the last quarter. Raymond James & Associates increased its position in TTEC by 73.8% during the 1st quarter. Raymond James & Associates now owns 8,832 shares of the business services provider’s stock valued at $729,000 after purchasing an additional 3,750 shares during the period. PNC Financial Services Group Inc. raised its holdings in TTEC by 13.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,002 shares of the business services provider’s stock worth $166,000 after purchasing an additional 238 shares in the last quarter. Bank of Montreal Can lifted its position in shares of TTEC by 3.3% in the 1st quarter. Bank of Montreal Can now owns 7,619 shares of the business services provider’s stock worth $654,000 after purchasing an additional 241 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of TTEC by 57.8% during the 1st quarter. MetLife Investment Management LLC now owns 10,010 shares of the business services provider’s stock valued at $826,000 after purchasing an additional 3,667 shares in the last quarter. Hedge funds and other institutional investors own 36.93% of the company’s stock.
TTEC Price Performance
Shares of NASDAQ:TTEC opened at $32.79 on Thursday. The business has a fifty day moving average price of $35.43 and a 200-day moving average price of $42.68. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $1.55 billion, a PE ratio of 17.63, a PEG ratio of 1.64 and a beta of 1.01. TTEC Holdings, Inc. has a 1-year low of $31.99 and a 1-year high of $77.11.
TTEC Announces Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, April 20th. Investors of record on Friday, March 31st were issued a $0.52 dividend. The ex-dividend date was Thursday, March 30th. This represents a yield of 2.5%. TTEC’s payout ratio is currently 55.91%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Bank of America decreased their price target on shares of TTEC from $45.00 to $40.00 in a research note on Thursday, May 4th. Craig Hallum lowered their target price on TTEC from $60.00 to $50.00 in a research note on Wednesday, March 1st. Barrington Research cut TTEC from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 2nd. Cowen lowered their price objective on TTEC from $44.00 to $42.00 in a research report on Wednesday, March 1st. Finally, StockNews.com assumed coverage on shares of TTEC in a research report on Thursday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.57.
TTEC Profile
TTEC Holdings, Inc is a digital global customer experience technology and services company. It focuses on the design, implementation and delivery of transformative solutions for many of brands. The firm operates through the following segments: TTEC Digital and TTEC Engage. The TTEC Digital segment provides design, build and operate tech-enabled, insight-driven CX solutions.
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