TTEC (NASDAQ:TTEC) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of TTEC (NASDAQ:TTEC) from a sell rating to a hold rating in a report issued on Thursday.

Several other analysts also recently issued reports on the stock. Canaccord Genuity Group lowered their price objective on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. Finally, Northland Securities decreased their price target on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.90.

TTEC Trading Down 3.1 %

NASDAQ TTEC traded down $0.15 during mid-day trading on Thursday, hitting $4.65. The company’s stock had a trading volume of 236,232 shares, compared to its average volume of 546,092. TTEC has a 52-week low of $3.67 and a 52-week high of $22.69. The stock’s fifty day simple moving average is $5.07 and its two-hundred day simple moving average is $5.98. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $221.90 million, a P/E ratio of -0.67, a price-to-earnings-growth ratio of 3.06 and a beta of 1.05.

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 the consensus estimate of $0.17 by ($0.14). TTEC had a negative net margin of 14.69% and a positive return on equity of 4.47%. The firm had revenue of $534.09 million during the quarter, compared to analyst estimates of $554.67 million. Research analysts expect that TTEC will post 0.44 EPS for the current year.

Hedge Funds Weigh In On TTEC

Several large investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC lifted its stake in TTEC by 11.5% during the second quarter. SummerHaven Investment Management LLC now owns 24,091 shares of the business services provider’s stock worth $142,000 after purchasing an additional 2,479 shares during the last quarter. Algert Global LLC lifted its stake in TTEC by 3.9% in the second quarter. Algert Global LLC now owns 86,287 shares of the business services provider’s stock valued at $507,000 after buying an additional 3,230 shares during the last quarter. American Century Companies Inc. lifted its stake in TTEC by 16.2% in the second quarter. American Century Companies Inc. now owns 26,965 shares of the business services provider’s stock valued at $159,000 after buying an additional 3,756 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in TTEC by 46.0% in the first quarter. Illinois Municipal Retirement Fund now owns 17,401 shares of the business services provider’s stock valued at $180,000 after buying an additional 5,481 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in TTEC by 46.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,619 shares of the business services provider’s stock valued at $245,000 after buying an additional 7,488 shares during the last quarter. 38.03% of the stock is currently owned by institutional investors.

About TTEC

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.