Shares of TTEC Holdings, Inc. (NASDAQ:TTEC – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $15.31, but opened at $16.18. TTEC shares last traded at $16.13, with a volume of 90,511 shares trading hands.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on TTEC. Morgan Stanley upgraded shares of TTEC from an “underweight” rating to an “equal weight” rating and set a $31.00 target price for the company in a research report on Friday, August 11th. StockNews.com raised shares of TTEC from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Barrington Research raised shares of TTEC from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Friday.
TTEC Trading Up 8.8 %
TTEC Dividend Announcement
The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were issued a dividend of $0.52 per share. This represents a dividend yield of 4.1%. The ex-dividend date was Friday, October 13th. TTEC’s dividend payout ratio (DPR) is presently 120.93%.
Hedge Funds Weigh In On TTEC
Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in TTEC by 61.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 576 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 219 shares during the period. UBS Group AG increased its holdings in TTEC by 702.6% in the 3rd quarter. UBS Group AG now owns 626 shares of the business services provider’s stock worth $28,000 after acquiring an additional 548 shares in the last quarter. US Bancorp DE increased its holdings in TTEC by 76.9% in the 2nd quarter. US Bancorp DE now owns 828 shares of the business services provider’s stock worth $28,000 after acquiring an additional 360 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in TTEC by 206.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 860 shares of the business services provider’s stock worth $32,000 after acquiring an additional 579 shares in the last quarter. Finally, Point72 Middle East FZE purchased a new stake in TTEC in the 4th quarter worth approximately $44,000. Institutional investors own 38.63% of the company’s stock.
TTEC Company Profile
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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