Analysts Set TTEC Holdings, Inc. (NASDAQ:TTEC) PT at $11.90

Shares of TTEC Holdings, Inc. (NASDAQ:TTECGet Free Report) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.90.

TTEC has been the subject of a number of recent research reports. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st.

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Institutional Investors Weigh In On TTEC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings 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 valued at $6,941,000 after purchasing an additional 902,159 shares during the last quarter. Royce & Associates LP lifted its position in TTEC by 77.6% during the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after acquiring an additional 344,496 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of TTEC by 227.2% in 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 in the last quarter. Walleye Capital LLC raised its stake in TTEC by 44.3% in the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after buying an additional 135,355 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in TTEC by 40.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock worth $1,123,000 after purchasing an additional 55,407 shares in the last quarter. 38.03% of the stock is owned by hedge funds and other institutional investors.

TTEC Stock Performance

Shares of TTEC opened at $4.54 on Thursday. TTEC has a 12 month low of $3.67 and a 12 month high of $22.66. The company’s fifty day moving average is $5.15 and its 200-day moving average is $5.49. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The firm has a market cap of $216.69 million, a price-to-earnings ratio of -0.65, a price-to-earnings-growth ratio of 3.36 and a beta of 1.05.

About TTEC

(Get Free Report

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.

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Analyst Recommendations for TTEC (NASDAQ:TTEC)

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