Several other research firms also recently commented on TTEC. Cowen decreased their target price on TTEC to $62.00 in a research report on Monday, August 15th. Craig Hallum decreased their target price on TTEC from $100.00 to $85.00 in a research report on Thursday, August 11th. Canaccord Genuity Group decreased their target price on TTEC from $120.00 to $100.00 in a research report on Thursday, August 25th. Barrington Research decreased their target price on TTEC from $100.00 to $73.00 and set an outperform rating on the stock in a research report on Thursday, August 11th. Finally, Morgan Stanley decreased their target price on TTEC from $60.00 to $50.00 and set an underweight rating on the stock in a research report on Thursday, August 11th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $74.00.
TTEC Price Performance
Shares of NASDAQ TTEC opened at $47.15 on Wednesday. The business’s 50 day moving average price is $60.14 and its two-hundred day moving average price is $68.10. The company has a market cap of $2.23 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.69. TTEC has a twelve month low of $46.36 and a twelve month high of $103.65.
Institutional Investors Weigh In On TTEC
Several institutional investors have recently made changes to their positions in TTEC. Benjamin Edwards Inc. bought a new stake in shares of TTEC in the first quarter valued at approximately $29,000. C M Bidwell & Associates Ltd. bought a new stake in TTEC during the second quarter worth $72,000. Lazard Asset Management LLC lifted its stake in TTEC by 102.1% during the second quarter. Lazard Asset Management LLC now owns 1,277 shares of the business services provider’s stock worth $86,000 after purchasing an additional 645 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in TTEC by 1,820.5% during the second quarter. First Horizon Advisors Inc. now owns 1,402 shares of the business services provider’s stock worth $94,000 after purchasing an additional 1,329 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in TTEC by 100.5% during the first quarter. AdvisorNet Financial Inc now owns 1,203 shares of the business services provider’s stock worth $99,000 after purchasing an additional 603 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors.
TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.
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