TTEC Holdings, Inc. (NASDAQ:TTEC) Given Consensus Recommendation of “Reduce” by Analysts

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have earned a consensus recommendation of “Reduce” from the five brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.00.

TTEC has been the topic of a number of recent research reports. Canaccord Genuity Group lowered shares of TTEC from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group reiterated a “hold” rating and issued a $13.00 price target (down from $30.00) on shares of TTEC in a research report on Wednesday, March 6th. Barrington Research lowered TTEC from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Finally, Guggenheim started coverage on TTEC in a research report on Tuesday, March 19th. They set a “sell” rating and a $8.00 target price for the company.

Institutional Trading of TTEC

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its position in TTEC by 61.3% in the third quarter. Public Employees Retirement System of Ohio now owns 576 shares of the business services provider’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. UBS Group AG grew its position in TTEC by 702.6% during 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 during the last quarter. US Bancorp DE grew its position in TTEC by 76.9% during 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 during 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 purchasing an additional 579 shares in the last quarter. Finally, Point72 Middle East FZE bought a new stake in TTEC during the fourth quarter worth $44,000. 38.03% of the stock is currently owned by institutional investors.

TTEC Stock Performance

Shares of TTEC stock opened at $8.22 on Friday. TTEC has a 52 week low of $8.09 and a 52 week high of $38.09. The company has a market capitalization of $390.04 million, a price-to-earnings ratio of 45.67, a PEG ratio of 0.91 and a beta of 0.99. The company has a 50-day simple moving average of $13.57 and a 200 day simple moving average of $18.54. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.69 and a current ratio of 1.69.

TTEC (NASDAQ:TTEC) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). TTEC had a net margin of 0.34% and a return on equity of 13.74%. On average, sell-side analysts predict that TTEC will post 1.16 earnings per share for the current year.

TTEC Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 2nd. This represents a yield of 4.6%. TTEC’s dividend payout ratio is currently 66.67%.

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.