TTEC Sees Unusually High Options Volume (NASDAQ:TTEC)

TTEC Holdings, Inc. (NASDAQ:TTEC - Get Free Report) was the target of unusually large options trading activity on Friday. Traders acquired 10,254 put options on the stock. This is an increase of approximately 4,358% compared to the typical daily volume of 230 put options.

TTEC Trading Down 1.0 %

Shares of NASDAQ TTEC traded down $0.05 during mid-day trading on Friday, hitting $4.74. The company's stock had a trading volume of 674,209 shares, compared to its average volume of 548,831. 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 stock has a market cap of $226.24 million, a price-to-earnings ratio of -0.68, a price-to-earnings-growth ratio of 3.16 and a beta of 1.05. The company's fifty day simple moving average is $5.05 and its 200-day simple moving average is $5.87. TTEC has a one year low of $3.67 and a one year high of $22.69.

Analyst Ratings Changes

TTEC has been the topic of a number of research analyst reports. Guggenheim upgraded TTEC from a "sell" rating to a "neutral" rating in a research report on Tuesday, October 1st. Canaccord Genuity Group reduced their price target on shares of TTEC from $8.00 to $4.50 and set a "hold" rating on the stock in a research report 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 on the stock in a report on Tuesday, August 13th. Finally, StockNews.com downgraded shares of TTEC from a "hold" rating to a "sell" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, TTEC currently has an average rating of "Hold" and an average target price of $11.90.

Institutional Trading of TTEC

Institutional investors and hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System acquired a new position in shares of TTEC in the 1st quarter valued at $86,000. EntryPoint Capital LLC acquired a new position in TTEC in the first quarter valued at about $88,000. XTX Topco Ltd bought a new stake in shares of TTEC in the third quarter worth about $59,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of TTEC during the second quarter worth about $72,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of TTEC by 280.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider's stock valued at $78,000 after purchasing an additional 9,809 shares in the last quarter. Institutional investors own 38.03% of the company's stock.

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.