Several other equities research analysts have also recently weighed in on TTEC. Morgan Stanley raised shares of TTEC from an “underweight” rating to an “equal weight” rating and set a $31.00 price target for the company in a research report on Friday, August 11th. Barrington Research upgraded shares of TTEC from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Friday, November 10th.
TTEC Stock Performance
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTEC. JPMorgan Chase & Co. increased its stake in TTEC by 15.3% during the first quarter. JPMorgan Chase & Co. now owns 178,519 shares of the business services provider’s stock worth $14,732,000 after purchasing an additional 23,670 shares during the period. Raymond James & Associates increased its position in shares of TTEC by 73.8% in the first quarter. Raymond James & Associates now owns 8,832 shares of the business services provider’s stock valued at $729,000 after buying an additional 3,750 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of TTEC by 13.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,002 shares of the business services provider’s stock valued at $166,000 after buying an additional 238 shares in the last quarter. Bank of Montreal Can increased its position in TTEC by 3.3% during the 1st quarter. Bank of Montreal Can now owns 7,619 shares of the business services provider’s stock worth $654,000 after purchasing an additional 241 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in TTEC by 57.8% in the 1st quarter. MetLife Investment Management LLC now owns 10,010 shares of the business services provider’s stock worth $826,000 after buying an additional 3,667 shares during the last quarter. Hedge funds and other institutional investors own 38.63% of the company’s stock.
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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