TTEC Holdings Inc (NASDAQ:TTEC) SVP Sells $237,200.00 in Stock

TTEC Holdings Inc (NASDAQ:TTEC) SVP Margaret B. Mclean sold 5,000 shares of TTEC stock in a transaction on Friday, September 6th. The stock was sold at an average price of $47.44, for a total transaction of $237,200.00. Following the sale, the senior vice president now directly owns 34,841 shares of the company’s stock, valued at approximately $1,652,857.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of TTEC stock traded up $0.03 on Monday, reaching $47.47. The company had a trading volume of 66,009 shares, compared to its average volume of 74,980. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.89. The stock has a market cap of $2.23 billion, a PE ratio of 31.86, a PEG ratio of 3.57 and a beta of 0.72. The company has a 50-day moving average of $46.75 and a 200-day moving average of $40.54. TTEC Holdings Inc has a 12 month low of $23.01 and a 12 month high of $49.84.

TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.23. The business had revenue of $392.52 million for the quarter, compared to analyst estimates of $376.80 million. TTEC had a net margin of 3.60% and a return on equity of 21.96%.

TTEC has been the topic of a number of analyst reports. BidaskClub downgraded TTEC from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 31st. Craig Hallum lifted their price objective on TTEC from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Zacks Investment Research cut TTEC from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. TTEC has an average rating of “Buy” and an average price target of $56.50.

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in TTEC by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,456,089 shares of the business services provider’s stock worth $41,599,000 after buying an additional 44,725 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of TTEC by 513.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,216 shares of the business services provider’s stock worth $117,000 after acquiring an additional 2,692 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of TTEC in the first quarter worth $231,000. Comerica Bank raised its holdings in shares of TTEC by 2.1% during the first quarter. Comerica Bank now owns 13,711 shares of the business services provider’s stock worth $497,000 after acquiring an additional 286 shares in the last quarter. Finally, Texas Permanent School Fund raised its holdings in shares of TTEC by 3.8% during the first quarter. Texas Permanent School Fund now owns 9,409 shares of the business services provider’s stock worth $341,000 after acquiring an additional 341 shares in the last quarter. Institutional investors own 26.43% of the company’s stock.

About TTEC

TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).

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