SCHEDULE: Federated Hermes Discloses 5.24% Stake in TTEC Holdings

Federated Hermes, Inc. and related entities have reported a 5.24% beneficial ownership stake in TTEC Holdings, Inc. common stock as of December 31, 2025.

Summary

• Federated Hermes, Inc., along with the Voting Shares Irrevocable Trust and its trustees (Thomas R. Donahue, Ann C. Donahue, and J. Christopher Donahue), reported beneficial ownership of 2,541,863 shares of TTEC Holdings, Inc. common stock.
• This ownership represents 5.24% of the class of securities.
• Federated Hermes, Inc. and the Voting Shares Irrevocable Trust hold sole voting and dispositive power over these shares.
• Thomas R. Donahue, Ann C. Donahue, and J. Christopher Donahue hold shared voting and dispositive power over the same 2,541,863 shares.
• The reporting persons explicitly disclaim beneficial ownership of the securities held by Managed Funds and state that the shares were acquired in the ordinary course of business, not to influence or change control of TTEC Holdings, Inc.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership. The explicit disclaimer of intent to influence control prevents it from being interpreted as a positive activist signal, while the mere existence of a significant institutional stake is generally seen as a neutral to slightly positive indicator of investor interest.

Positives

• A significant institutional investor, Federated Hermes, holds a substantial stake, potentially indicating confidence in TTEC Holdings.
• The filing explicitly states the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control, which can reduce concerns about potential activist campaigns.

Future Outlook

NA

Management Comments

• This report should not be construed as an admission that any of them is the beneficial owner of the securities held by any of the Managed Funds, and each of Federated Hermes, Inc.; the Voting Shares Irrevocable Trust; Thomas R. Donahue; Ann C. Donahue; and J. Christopher Donahue expressly disclaim beneficial ownership of such securities.
• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing reflects a standard disclosure by a major asset management firm, Federated Hermes, regarding its passive investment stake in TTEC Holdings, Inc. Such disclosures are common for institutional investors crossing the 5% ownership threshold and typically do not indicate a strategic shift for the industry or the company, especially given the explicit disclaimer of intent to influence control.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, which can be a factor in assessing investor confidence and potential liquidity.
• Management: Awareness of a substantial passive investor, though the filing explicitly states no intent to influence control.

Key Dates

Keywords

TTEC Holdings, Federated Hermes, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management, Voting Shares Irrevocable Trust