Skandinaviska Enskilda Banken AB publ Takes Position in TTEC Holdings Inc (TTEC)
Skandinaviska Enskilda Banken AB publ acquired a new position in shares of TTEC Holdings Inc (NASDAQ:TTEC) during the third quarter, HoldingsChannel reports. The institutional investor acquired 30,500 shares of the business services provider’s stock, valued at approximately $790,000.
Several other institutional investors also recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of TTEC during the second quarter worth about $115,000. Acadian Asset Management LLC boosted its stake in shares of TTEC by 68.6% during the second quarter. Acadian Asset Management LLC now owns 4,007 shares of the business services provider’s stock worth $139,000 after buying an additional 1,630 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of TTEC during the second quarter worth about $143,000. Ramsey Quantitative Systems boosted its stake in shares of TTEC by 123.5% during the third quarter. Ramsey Quantitative Systems now owns 4,870 shares of the business services provider’s stock worth $126,000 after buying an additional 2,691 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of TTEC during the second quarter worth about $199,000. 24.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of TTEC stock opened at $29.58 on Tuesday. TTEC Holdings Inc has a 12-month low of $23.01 and a 12-month high of $42.30. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.30 and a beta of 0.73.
Several equities research analysts have recently weighed in on TTEC shares. ValuEngine downgraded shares of TTEC from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. Finally, BidaskClub upgraded shares of TTEC from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 22nd.
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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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