BlackRock Inc. increased its stake in shares of TTEC Holdings Inc (NASDAQ:TTEC) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,878,590 shares of the business services provider’s stock after buying an additional 52,906 shares during the period. BlackRock Inc. owned about 4.10% of TTEC worth $75,612,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new stake in TTEC during the third quarter worth about $346,000. Ameriprise Financial Inc. increased its holdings in TTEC by 10.0% during the third quarter. Ameriprise Financial Inc. now owns 336,946 shares of the business services provider’s stock worth $14,067,000 after buying an additional 30,680 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in TTEC by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 128,142 shares of the business services provider’s stock worth $5,375,000 after buying an additional 31,180 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in TTEC during the fourth quarter worth about $212,000. Finally, Cornerstone Capital Management Holdings LLC. increased its holdings in TTEC by 22.5% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 31,600 shares of the business services provider’s stock worth $1,318,000 after buying an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 25.73% of the company’s stock.
Shares of NASDAQ:TTEC opened at $30.70 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.69 and a quick ratio of 2.69. The stock has a market cap of $1,408.42, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.56 and a beta of 0.90. TTEC Holdings Inc has a twelve month low of $28.65 and a twelve month high of $43.75.
The firm also recently announced a semiannual dividend, which will be paid on Thursday, April 12th. Shareholders of record on Friday, March 30th will be given a dividend of $0.27 per share. This represents a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from TTEC’s previous semiannual dividend of $0.22. TTEC’s dividend payout ratio (DPR) is currently 30.00%.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of TTEC from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. BidaskClub upgraded shares of TTEC from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, TheStreet downgraded shares of TTEC from a “b-” rating to a “c” rating in a report on Monday, March 12th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $44.00.
In other TTEC news, EVP Robert N. Jimenez sold 4,000 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $32.81, for a total transaction of $131,240.00. Following the completion of the transaction, the executive vice president now owns 15,953 shares in the company, valued at $523,417.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert N. Jimenez sold 6,000 shares of the stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $32.55, for a total transaction of $195,300.00. Following the transaction, the executive vice president now owns 5,234 shares of the company’s stock, valued at approximately $170,366.70. The disclosure for this sale can be found here. 70.00% of the stock is owned by company insiders.
TTEC Holdings, Inc, formerly TeleTech Holdings, Inc, is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
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