TTEC Holdings, Inc. (NASDAQ:TTEC) Receives Average Rating of “Hold” from Analysts

TTEC Holdings, Inc. (NASDAQ:TTEC) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.60.

A number of equities analysts recently commented on the company. Canaccord Genuity Group lowered TTEC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Craig Hallum cut their price objective on TTEC from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Canaccord Genuity Group lowered their target price on TTEC from $13.00 to $8.00 and set a “hold” rating for the company in a report on Friday, May 10th. Finally, Guggenheim began coverage on TTEC in a report on Tuesday, March 19th. They issued a “sell” rating and a $8.00 target price for the company.

Institutional Investors Weigh In On TTEC

Hedge funds and other institutional investors have recently modified their holdings of the company. Invenomic Capital Management LP bought a new stake in TTEC during the first quarter worth $2,910,000. Assenagon Asset Management S.A. grew its holdings in TTEC by 123.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 502,505 shares of the business services provider’s stock worth $10,889,000 after buying an additional 277,860 shares in the last quarter. Federated Hermes Inc. grew its holdings in TTEC by 2,053.6% during the fourth quarter. Federated Hermes Inc. now owns 221,910 shares of the business services provider’s stock worth $4,809,000 after buying an additional 211,606 shares in the last quarter. Vanguard Group Inc. grew its holdings in TTEC by 6.7% during the first quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock worth $26,653,000 after buying an additional 160,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in TTEC during the fourth quarter worth $2,106,000. Institutional investors own 38.03% of the company’s stock.

TTEC Price Performance

Shares of TTEC opened at $5.65 on Thursday. The business has a 50-day simple moving average of $6.74 and a two-hundred day simple moving average of $12.60. TTEC has a 12-month low of $5.01 and a 12-month high of $35.67. The stock has a market cap of $268.71 million, a PE ratio of -21.73, a PEG ratio of 0.92 and a beta of 1.06. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.56.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $576.64 million for the quarter, compared to analyst estimates of $564.37 million. TTEC had a negative net margin of 0.52% and a positive return on equity of 9.61%. Analysts anticipate that TTEC will post 1.07 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.