Analysts Set TTEC Holdings, Inc. (NASDAQ:TTEC) Price Target at $10.13

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC - Get Free Report) have received a consensus rating of "Moderate Buy" from the four ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.13.

A number of research analysts recently issued reports on TTEC shares. Canaccord Genuity Group lowered their price target on shares of TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research report on Monday. StockNews.com upgraded shares of TTEC from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.

Hedge Funds Weigh In On TTEC

A number of hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank bought a new position in shares of TTEC during the fourth quarter valued at $117,000. Union Square Park Capital Management LLC bought a new position in shares of TTEC during the 4th quarter valued at $4,441,000. Squarepoint Ops LLC purchased a new position in TTEC in the fourth quarter worth about $286,000. Two Sigma Advisers LP grew its stake in shares of TTEC by 6.5% during the 4th quarter. Two Sigma Advisers LP now owns 905,500 shares of the business services provider's stock valued at $4,518,000 after purchasing an additional 55,400 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of TTEC by 5.1% during the 4th quarter. Two Sigma Investments LP now owns 715,385 shares of the business services provider's stock valued at $3,570,000 after purchasing an additional 34,703 shares during the last quarter. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

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TTEC Trading Up 2.3 %

Shares of TTEC traded up $0.08 during trading hours on Tuesday, reaching $3.54. 574,408 shares of the company traded hands, compared to its average volume of 306,993. The company's fifty day moving average price is $3.88 and its two-hundred day moving average price is $4.60. 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 company has a market capitalization of $168.96 million, a price-to-earnings ratio of -0.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04. TTEC has a 12 month low of $3.31 and a 12 month high of $11.97.

TTEC (NASDAQ:TTEC - Get Free Report) last released its earnings results on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). The firm had revenue of $567.44 million during the quarter, compared to analysts' expectations of $575.73 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. Equities research analysts predict that TTEC will post 0.33 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.