TTEC Holdings, Inc. (NASDAQ:TTEC) Receives Average Rating of “Hold” from Analysts

Shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Free Report) have earned a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.60.

Several analysts have issued reports on TTEC shares. Canaccord Genuity Group dropped their price target on shares of TTEC from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. Guggenheim started coverage on shares of TTEC in a research report on Tuesday, March 19th. They set a “sell” rating and a $8.00 price target on the stock. Canaccord Genuity Group lowered shares of TTEC from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Craig Hallum decreased their price objective on shares of TTEC from $18.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, Barrington Research downgraded shares of TTEC from an “outperform” rating to a “market perform” rating in a report on Monday, March 4th.

Check Out Our Latest Report on TTEC

Hedge Funds Weigh In On TTEC

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. grew its stake in shares of TTEC by 2,053.6% in the fourth quarter. Federated Hermes Inc. now owns 221,910 shares of the business services provider’s stock valued at $4,809,000 after acquiring an additional 211,606 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of TTEC by 0.7% in the third quarter. Vanguard Group Inc. now owns 2,359,592 shares of the business services provider’s stock valued at $61,869,000 after acquiring an additional 16,913 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of TTEC by 45.4% in the fourth quarter. Quadrature Capital Ltd now owns 23,555 shares of the business services provider’s stock valued at $511,000 after acquiring an additional 7,356 shares in the last quarter. Aristides Capital LLC acquired a new position in shares of TTEC in the fourth quarter valued at about $271,000. Finally, Jump Financial LLC grew its stake in shares of TTEC by 46.2% in the fourth quarter. Jump Financial LLC now owns 33,313 shares of the business services provider’s stock valued at $722,000 after acquiring an additional 10,525 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Stock Performance

Shares of TTEC stock opened at $5.18 on Thursday. The company’s fifty day simple moving average is $6.99 and its 200-day simple moving average is $13.14. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.56. The firm has a market cap of $246.35 million, a PE ratio of -19.92, a P/E/G ratio of 0.82 and a beta of 1.11. TTEC has a 12 month low of $5.01 and a 12 month high of $35.67.

TTEC (NASDAQ:TTECGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The business had revenue of $576.64 million during the quarter, compared to the consensus estimate of $564.37 million. TTEC had a positive return on equity of 9.61% and a negative net margin of 0.52%. Equities research analysts expect that TTEC will post 1.07 EPS for the current fiscal year.

TTEC Company Profile

(Get Free Report

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.

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Analyst Recommendations for TTEC (NASDAQ:TTEC)

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