TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Consensus PT from Analysts

TTEC Holdings, Inc. (NASDAQ:TTEC - Get Free Report) has earned a consensus recommendation of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.90.

TTEC has been the topic of several analyst reports. StockNews.com downgraded TTEC from a "hold" rating to a "sell" rating in a research report on Friday, September 6th. Canaccord Genuity Group cut their price objective on TTEC from $8.00 to $4.50 and set a "hold" rating for the company in a research note on Tuesday, August 13th. Northland Securities decreased their target price on shares of TTEC from $19.00 to $16.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 13th. Finally, Guggenheim upgraded shares of TTEC from a "sell" rating to a "neutral" rating in a research report on Tuesday, October 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. boosted its stake in TTEC by 324.2% during the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider's stock valued at $6,941,000 after buying an additional 902,159 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of TTEC by 227.2% during the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider's stock valued at $3,710,000 after acquiring an additional 438,072 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of TTEC in the first quarter valued at $2,910,000. Vanguard Group Inc. raised its stake in TTEC by 6.7% during the first quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider's stock valued at $26,653,000 after purchasing an additional 160,567 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in TTEC by 26.0% during the first quarter. ProShare Advisors LLC now owns 364,840 shares of the business services provider's stock valued at $3,783,000 after purchasing an additional 75,212 shares in the last quarter. Hedge funds and other institutional investors own 38.03% of the company's stock.

TTEC Stock Performance

Shares of TTEC stock traded down $0.02 during trading hours on Wednesday, reaching $5.42. 217,322 shares of the stock traded hands, compared to its average volume of 544,404. TTEC has a one year low of $3.67 and a one year high of $22.69. The firm has a market capitalization of $257.76 million, a price-to-earnings ratio of -20.92, a P/E/G ratio of 3.04 and a beta of 1.04. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06. The company has a 50 day moving average price of $5.01 and a 200 day moving average price of $6.09.

TTEC (NASDAQ:TTEC - Get Free Report) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.14). TTEC had a negative net margin of 13.39% and a positive return on equity of 7.38%. The business had revenue of $534.09 million for the quarter, compared to the consensus estimate of $554.67 million. On average, equities research analysts expect that TTEC will post 0.44 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.