TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Average PT from Analysts

TTEC Holdings, Inc. (NASDAQ:TTEC) has been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $11.90.

A number of equities analysts have commented on TTEC shares. Canaccord Genuity Group reduced their price objective on TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Northland Securities reduced their price objective on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Finally, StockNews.com lowered TTEC from a “hold” rating to a “sell” rating in a research report on Friday, September 6th.

TTEC Trading Up 6.4 %

Shares of TTEC stock opened at $4.30 on Tuesday. The stock has a market cap of $205.20 million, a price-to-earnings ratio of -16.54, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.56 and a current ratio of 1.56. TTEC has a 52-week low of $3.71 and a 52-week high of $28.38. The firm has a fifty day moving average of $5.70 and a 200-day moving average of $7.37.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The company had revenue of $534.09 million for the quarter, compared to the consensus estimate of $554.67 million. TTEC had a negative net margin of 13.39% and a positive return on equity of 7.38%. On average, equities research analysts forecast that TTEC will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TTEC

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of TTEC by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock worth $26,653,000 after buying an additional 160,567 shares during the last quarter. Federated Hermes Inc. raised its stake in TTEC by 324.2% in the 2nd quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after purchasing an additional 902,159 shares in the last quarter. AQR Capital Management LLC raised its position in shares of TTEC by 227.2% in the second quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock valued at $3,710,000 after buying an additional 438,072 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of TTEC by 26.0% during the 1st quarter. ProShare Advisors LLC now owns 364,840 shares of the business services provider’s stock valued at $3,783,000 after acquiring an additional 75,212 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in TTEC by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 281,971 shares of the business services provider’s stock worth $6,110,000 after purchasing an additional 35,546 shares during the period. 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.