TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Consensus Price Target from Brokerages

TTEC Holdings, Inc. (NASDAQ:TTEC) has been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.90.

TTEC has been the topic of several analyst reports. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. Guggenheim raised TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. Northland Securities reduced their target price on TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group lowered their price target on TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System bought a new position in shares of TTEC during the first quarter valued at $86,000. Vanguard Group Inc. lifted its holdings in TTEC by 6.7% during 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 purchasing an additional 160,567 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in TTEC by 46.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,619 shares of the business services provider’s stock valued at $245,000 after buying an additional 7,488 shares in the last quarter. Invenomic Capital Management LP bought a new stake in TTEC during the first quarter worth about $2,910,000. Finally, SG Americas Securities LLC acquired a new stake in shares of TTEC during the second quarter worth approximately $121,000. Institutional investors own 38.03% of the company’s stock.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $5.16 on Friday. The firm has a market cap of $246.28 million, a price-to-earnings ratio of -0.74, a P/E/G ratio of 3.25 and a beta of 1.05. TTEC has a 1 year low of $3.67 and a 1 year high of $22.69. 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 business has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $5.70.

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.