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

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.90.

Several equities analysts have weighed in on TTEC shares. StockNews.com cut TTEC from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Northland Securities lowered their price objective on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. Finally, Canaccord Genuity Group decreased their target price on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research note on Tuesday, August 13th.

Institutional Investors Weigh In On TTEC

A number of large investors have recently bought and sold shares of the business. Federated Hermes Inc. lifted its position in TTEC by 324.2% during the 2nd quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after acquiring an additional 902,159 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of TTEC by 227.2% during the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after purchasing an additional 438,072 shares during the last quarter. Invenomic Capital Management LP bought a new stake in TTEC during the 1st quarter valued at approximately $2,910,000. Vanguard Group Inc. grew its holdings in TTEC by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock valued at $26,653,000 after buying an additional 160,567 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in TTEC by 26.0% in the 1st quarter. ProShare Advisors LLC now owns 364,840 shares of the business services provider’s stock worth $3,783,000 after buying an additional 75,212 shares during the period. 38.03% of the stock is currently owned by institutional investors.

TTEC Stock Performance

TTEC stock opened at $5.19 on Wednesday. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $247.69 million, a P/E ratio of -0.79, a price-to-earnings-growth ratio of 3.06 and a beta of 1.04. TTEC has a fifty-two week low of $3.67 and a fifty-two week high of $22.69. The firm’s 50 day simple moving average is $5.07 and its 200-day simple moving average is $6.06.

TTEC (NASDAQ:TTEC) last announced its earnings results on Thursday, August 8th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.14). TTEC had a negative net margin of 13.39% and a positive return on equity of 7.38%. The firm had revenue of $534.09 million for the quarter, compared to analyst estimates of $554.67 million. As a group, equities research analysts predict that TTEC will post 0.44 EPS for the current year.

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.