Canaccord Genuity Group Issues Pessimistic Forecast for TTEC (NASDAQ:TTEC) Stock Price

TTEC (NASDAQ:TTEC - Free Report) had its price objective reduced by Canaccord Genuity Group from $4.50 to $3.50 in a report released on Monday,Benzinga reports. They currently have a hold rating on the business services provider's stock.

Separately, StockNews.com raised shares of TTEC from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, TTEC has a consensus rating of "Hold" and an average target price of $10.13.

TTEC Stock Up 0.3 %

NASDAQ TTEC traded up $0.01 during mid-day trading on Monday, reaching $3.39. The stock had a trading volume of 493,853 shares, compared to its average volume of 291,381. The stock has a market cap of $161.80 million, a PE ratio of -0.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04. TTEC has a 1 year low of $3.32 and a 1 year high of $13.93. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The company has a fifty day moving average price of $3.99 and a 200 day moving average price of $4.63.

TTEC (NASDAQ:TTEC - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. The business had revenue of $567.44 million during the quarter, compared to analysts' expectations of $575.73 million. On average, research analysts expect that TTEC will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of TTEC during the 3rd quarter valued at about $59,000. GAMMA Investing LLC grew its position in TTEC by 1,054.6% during the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock valued at $64,000 after buying an additional 11,717 shares during the period. Quantbot Technologies LP increased its holdings in TTEC by 140.5% during the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock valued at $64,000 after buying an additional 7,527 shares during the last quarter. Pacific Sun Financial Corp bought a new position in TTEC in the fourth quarter worth approximately $72,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of TTEC by 77.0% during the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after acquiring an additional 7,347 shares during the last quarter. Institutional investors own 38.03% of the company's stock.

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.