TTEC Holdings Inc (TTEC) Shares Bought by Barclays PLC

Barclays PLC grew its position in shares of TTEC Holdings Inc (NASDAQ:TTEC) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,493 shares of the business services provider’s stock after acquiring an additional 806 shares during the quarter. Barclays PLC’s holdings in TTEC were worth $500,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TTEC. Texas Permanent School Fund increased its position in TTEC by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 9,068 shares of the business services provider’s stock worth $259,000 after buying an additional 353 shares during the period. Bank of Montreal Can increased its position in shares of TTEC by 88.7% in the fourth quarter. Bank of Montreal Can now owns 2,155 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,013 shares during the period. Legal & General Group Plc increased its position in shares of TTEC by 3.4% in the third quarter. Legal & General Group Plc now owns 34,237 shares of the business services provider’s stock worth $884,000 after purchasing an additional 1,110 shares during the period. Arizona State Retirement System increased its position in shares of TTEC by 6.2% in the fourth quarter. Arizona State Retirement System now owns 21,341 shares of the business services provider’s stock worth $610,000 after purchasing an additional 1,247 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of TTEC by 481.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,721 shares of the business services provider’s stock worth $50,000 after purchasing an additional 1,425 shares during the period. 26.86% of the stock is owned by hedge funds and other institutional investors.

TTEC stock traded down $0.31 during midday trading on Wednesday, reaching $35.84. The company’s stock had a trading volume of 19,341 shares, compared to its average volume of 55,659. TTEC Holdings Inc has a 52 week low of $23.01 and a 52 week high of $37.55. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.64 billion, a PE ratio of 24.05, a P/E/G ratio of 2.67 and a beta of 0.78.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.13). TTEC had a net margin of 2.37% and a return on equity of 20.37%. The firm had revenue of $419.13 million for the quarter, compared to analyst estimates of $410.19 million. As a group, analysts expect that TTEC Holdings Inc will post 1.65 earnings per share for the current year.

The company also recently declared a semiannual dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.30 per share. This represents a dividend yield of 1.69%. This is a positive change from TTEC’s previous semiannual dividend of $0.28. The ex-dividend date of this dividend was Wednesday, March 27th. TTEC’s dividend payout ratio (DPR) is presently 40.27%.

A number of brokerages recently commented on TTEC. BidaskClub cut TTEC from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Zacks Investment Research cut TTEC from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. TheStreet upgraded TTEC from a “c” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, ValuEngine upgraded TTEC from a “hold” rating to a “buy” rating in a research report on Monday, April 1st.

In other news, Director Gregory A. Conley sold 1,500 shares of TTEC stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.67, for a total transaction of $52,005.00. Following the sale, the director now directly owns 10,286 shares of the company’s stock, valued at $356,615.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 69.45% of the company’s stock.

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TTEC Company Profile

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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Institutional Ownership by Quarter for TTEC (NASDAQ:TTEC)

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