Metropolitan Life Insurance Co. NY boosted its position in TTEC Holdings Inc (NASDAQ:TTEC) by 322.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,781 shares of the business services provider’s stock after buying an additional 3,650 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in TTEC were worth $137,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in TTEC by 481.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,721 shares of the business services provider’s stock valued at $50,000 after buying an additional 1,425 shares in the last quarter. Bank of Montreal Can increased its position in TTEC by 88.7% in the 4th quarter. Bank of Montreal Can now owns 2,155 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,013 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new stake in TTEC in the 4th quarter valued at about $151,000. ClariVest Asset Management LLC bought a new stake in TTEC in the 4th quarter valued at about $174,000. Finally, Texas Permanent School Fund increased its position in TTEC by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 9,068 shares of the business services provider’s stock valued at $259,000 after buying an additional 353 shares in the last quarter. 26.86% of the stock is owned by institutional investors and hedge funds.
In other TTEC news, Director Gregory A. Conley sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.67, for a total transaction of $52,005.00. Following the completion of the sale, the director now directly owns 10,286 shares of the company’s stock, valued at approximately $356,615.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 69.60% of the company’s stock.
Shares of TTEC opened at $35.39 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 2.66 and a beta of 0.78. TTEC Holdings Inc has a 52 week low of $23.01 and a 52 week high of $37.55.
TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Wednesday, March 6th. The business services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). The company had revenue of $419.13 million for the quarter, compared to the consensus estimate of $410.19 million. TTEC had a return on equity of 20.37% and a net margin of 2.37%. Analysts expect that TTEC Holdings Inc will post 1.65 EPS for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.30 per share. This is a positive change from TTEC’s previous semiannual dividend of $0.28. This represents a yield of 1.69%. The ex-dividend date of this dividend was Wednesday, March 27th. TTEC’s payout ratio is currently 40.27%.
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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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