TTEC (NASDAQ:TTEC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of TTEC (NASDAQ:TTEC - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

Separately, Canaccord Genuity Group decreased their price objective on TTEC from $4.50 to $3.50 and set a "hold" rating on the stock in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, TTEC currently has an average rating of "Hold" and a consensus price target of $10.13.

TTEC Stock Performance

Shares of NASDAQ:TTEC traded up $0.08 during mid-day trading on Friday, reaching $3.54. The company had a trading volume of 574,408 shares, compared to its average volume of 306,993. TTEC has a one year low of $3.31 and a one year high of $11.97. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The company's 50-day moving average price is $3.86 and its 200-day moving average price is $4.60. The firm has a market cap of $169.06 million, a price-to-earnings ratio of -0.51, a PEG ratio of 1.53 and a beta of 1.09.

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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 (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. The business had revenue of $567.44 million during the quarter, compared to the consensus estimate of $575.73 million. As a group, equities research analysts anticipate that TTEC will post 0.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in TTEC during the third quarter valued at $59,000. GAMMA Investing LLC boosted its position in shares of TTEC by 1,054.6% during the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider's stock valued at $64,000 after acquiring an additional 11,717 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of TTEC by 140.5% during the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock worth $64,000 after purchasing an additional 7,527 shares in the last quarter. Pacific Sun Financial Corp bought a new position in shares of TTEC in the fourth quarter worth approximately $72,000. Finally, JPMorgan Chase & Co. raised its stake in TTEC by 77.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after purchasing an additional 7,347 shares in the last quarter. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

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.