TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Average Target Price from Analysts

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

A number of research firms have weighed in on TTEC. Canaccord Genuity Group reduced their target price on TTEC from $8.00 to $4.50 and set a "hold" rating on the stock in a research note on Tuesday, August 13th. Northland Securities decreased their price objective on shares of TTEC from $19.00 to $16.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th. StockNews.com downgraded shares of TTEC from a "hold" rating to a "sell" rating in a research note on Friday, November 15th. Finally, Guggenheim raised shares of TTEC from a "sell" rating to a "neutral" rating in a research note on Tuesday, October 1st.

Institutional Trading of TTEC

A number of hedge funds have recently bought and sold shares of TTEC. State Board of Administration of Florida Retirement System purchased a new stake in shares of TTEC during the 1st quarter valued at $86,000. XTX Topco Ltd acquired a new position in TTEC during the 3rd quarter valued at about $59,000. Vanguard Personalized Indexing Management LLC purchased a new stake in TTEC in the second quarter valued at about $72,000. Nisa Investment Advisors LLC boosted its holdings in TTEC by 280.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider's stock worth $78,000 after acquiring an additional 9,809 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in TTEC in the second quarter worth about $80,000. Hedge funds and other institutional investors own 38.03% of the company's stock.

TTEC Trading Up 4.4 %

Shares of NASDAQ:TTEC traded up $0.21 during trading hours on Friday, hitting $5.02. 480,000 shares of the company's stock traded hands, compared to its average volume of 527,563. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The business has a fifty day moving average price of $5.10 and a 200-day moving average price of $5.73. TTEC has a 1 year low of $3.67 and a 1 year high of $22.69.

TTEC Company Profile

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.