Legacy Wealth Asset Management LLC Boosts Stake in TTEC Holdings, Inc. (NASDAQ:TTEC)

Legacy Wealth Asset Management LLC grew its position in shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Rating) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the business services provider’s stock after purchasing an additional 2,572 shares during the period. Legacy Wealth Asset Management LLC’s holdings in TTEC were worth $815,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Ironwood Investment Management LLC lifted its stake in TTEC by 0.5% during the fourth quarter. Ironwood Investment Management LLC now owns 30,425 shares of the business services provider’s stock worth $2,755,000 after purchasing an additional 141 shares during the last quarter. Fieldpoint Private Securities LLC lifted its stake in TTEC by 14.6% during the fourth quarter. Fieldpoint Private Securities LLC now owns 1,285 shares of the business services provider’s stock worth $116,000 after purchasing an additional 164 shares during the last quarter. Argent Trust Co lifted its stake in TTEC by 8.2% during the fourth quarter. Argent Trust Co now owns 2,535 shares of the business services provider’s stock worth $229,000 after purchasing an additional 192 shares during the last quarter. Royal Bank of Canada lifted its stake in TTEC by 0.6% during the third quarter. Royal Bank of Canada now owns 32,426 shares of the business services provider’s stock worth $3,034,000 after purchasing an additional 199 shares during the last quarter. Finally, Swiss National Bank lifted its stake in TTEC by 0.5% during the third quarter. Swiss National Bank now owns 41,400 shares of the business services provider’s stock worth $3,872,000 after purchasing an additional 200 shares during the last quarter. 37.93% of the stock is owned by hedge funds and other institutional investors.

In other TTEC news, Director Gregory A. Conley sold 2,500 shares of the stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $83.00, for a total value of $207,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 60.30% of the company’s stock.

Several brokerages have issued reports on TTEC. Barrington Research began coverage on TTEC in a research note on Friday, April 22nd. They set an “outperform” rating and a $100.00 price target for the company. Zacks Investment Research lowered TTEC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Craig Hallum lowered their target price on TTEC from $130.00 to $120.00 in a research note on Thursday, March 3rd. Canaccord Genuity Group lowered their target price on TTEC from $130.00 to $120.00 in a research note on Thursday, March 3rd. Finally, StockNews.com lowered TTEC from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.67.

Shares of NASDAQ:TTEC opened at $63.66 on Tuesday. TTEC Holdings, Inc. has a 1 year low of $58.99 and a 1 year high of $113.37. The company has a market cap of $2.99 billion, a PE ratio of 24.30, a P/E/G ratio of 1.16 and a beta of 0.92. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60. The stock’s 50-day moving average is $77.45 and its 200 day moving average is $82.00.

TTEC (NASDAQ:TTECGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. TTEC had a return on equity of 26.00% and a net margin of 5.33%. The company had revenue of $588.70 million for the quarter, compared to the consensus estimate of $573.72 million. During the same quarter in the previous year, the business earned $1.17 EPS. TTEC’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that TTEC Holdings, Inc. will post 4.58 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, April 20th. Stockholders of record on Thursday, March 31st were paid a $0.50 dividend. This represents a dividend yield of 1.3%. The ex-dividend date was Wednesday, March 30th. This is a boost from TTEC’s previous Semi-Annual dividend of $0.47. TTEC’s dividend payout ratio (DPR) is presently 38.17%.

About TTEC (Get Rating)

TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.

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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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