ClearAlpha Technologies LP Makes New Investment in TTEC Holdings, Inc. (NASDAQ:TTEC)

ClearAlpha Technologies LP purchased a new stake in TTEC Holdings, Inc. (NASDAQ:TTEC) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 70,000 shares of the business services provider’s stock, valued at approximately $411,000. ClearAlpha Technologies LP owned 0.15% of TTEC as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TTEC. Vanguard Personalized Indexing Management LLC acquired a new position in TTEC in the second quarter valued at approximately $72,000. Nisa Investment Advisors LLC boosted its position in TTEC by 280.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 9,809 shares during the period. Magnetar Financial LLC bought a new position in TTEC during the 2nd quarter worth $80,000. Allspring Global Investments Holdings LLC increased its position in TTEC by 35,988.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 15,518 shares of the business services provider’s stock worth $91,000 after buying an additional 15,475 shares during the period. Finally, Optas LLC bought a new stake in TTEC in the second quarter valued at $103,000. 38.03% of the stock is owned by institutional investors and hedge funds.

TTEC Price Performance

NASDAQ TTEC opened at $5.18 on Monday. TTEC Holdings, Inc. has a 12 month low of $3.67 and a 12 month high of $22.69. The firm has a market capitalization of $247.24 million, a PE ratio of -0.74, a P/E/G ratio of 3.35 and a beta of 1.05. The company’s 50 day simple moving average is $5.20 and its 200 day simple moving average is $5.63. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. StockNews.com lowered shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. Canaccord Genuity Group reduced their price objective on TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Finally, Northland Securities decreased their price objective on TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.90.

TTEC Company Profile

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.