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

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have received an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.60.

A number of equities research analysts have recently weighed in on the company. Craig Hallum dropped their price target on TTEC from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Canaccord Genuity Group cut their price target on shares of TTEC from $13.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, May 10th.

Hedge Funds Weigh In On TTEC

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its position in TTEC by 128.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 1,607 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of TTEC by 280.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 9,809 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of TTEC in the 1st quarter valued at $86,000. EntryPoint Capital LLC purchased a new stake in TTEC during the first quarter worth $88,000. Finally, Allspring Global Investments Holdings LLC grew its position in TTEC by 35,988.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 15,518 shares of the business services provider’s stock valued at $91,000 after buying an additional 15,475 shares during the period. Institutional investors and hedge funds own 38.03% of the company’s stock.

TTEC Trading Up 0.6 %

TTEC opened at $8.10 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.56. The firm has a market cap of $385.21 million, a price-to-earnings ratio of -31.15, a PEG ratio of 1.27 and a beta of 1.06. TTEC has a 12 month low of $5.01 and a 12 month high of $34.52. The stock has a fifty day moving average price of $6.52 and a 200-day moving average price of $10.84.

TTEC (NASDAQ:TTEC) last announced its earnings results 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). TTEC had a positive return on equity of 9.61% and a negative net margin of 0.52%. The firm had revenue of $576.64 million during the quarter, compared to the consensus estimate of $564.37 million. As a group, equities research analysts anticipate that TTEC will post 1.07 earnings per share for the current fiscal year.

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.