TTEC Holdings, Inc. (NASDAQ:TTEC) Given Average Rating of “Hold” by Analysts

TTEC Holdings, Inc. (NASDAQ:TTEC) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $11.90.

A number of research analysts have recently issued reports on TTEC shares. Guggenheim upgraded TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th.

TTEC Stock Performance

NASDAQ TTEC opened at $4.69 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC has a twelve month low of $3.67 and a twelve month high of $22.66. The stock has a 50-day moving average of $5.21 and a 200 day moving average of $5.51. The stock has a market capitalization of $223.85 million, a price-to-earnings ratio of -0.67, a PEG ratio of 3.36 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in shares of TTEC by 324.2% in the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock valued at $6,941,000 after buying an additional 902,159 shares during the last quarter. Royce & Associates LP grew its stake in TTEC by 77.6% during the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after acquiring an additional 344,496 shares in the last quarter. AQR Capital Management LLC raised its holdings in TTEC by 227.2% in the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock valued at $3,710,000 after acquiring an additional 438,072 shares during the last quarter. Walleye Capital LLC lifted its stake in TTEC by 44.3% in the 3rd quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after purchasing an additional 135,355 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of TTEC by 40.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock worth $1,123,000 after purchasing an additional 55,407 shares during the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TTEC Company Profile

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.