Brokerages Set TTEC Holdings, Inc. (NASDAQ:TTEC) Price Target at $11.90

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $11.90.

Several analysts have issued reports on TTEC shares. Guggenheim upgraded TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. StockNews.com lowered TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th.

TTEC Price Performance

NASDAQ:TTEC opened at $4.01 on Monday. 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 stock’s 50 day moving average price is $4.81 and its two-hundred day moving average price is $5.26. The firm has a market capitalization of $191.39 million, a price-to-earnings ratio of -0.57, a P/E/G ratio of 3.36 and a beta of 1.06. TTEC has a 12-month low of $3.67 and a 12-month high of $22.66.

Hedge Funds Weigh In On TTEC

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of TTEC by 227.2% during the second 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 period. Royce & Associates LP increased its stake in shares of TTEC by 77.6% during the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock worth $4,629,000 after purchasing an additional 344,496 shares during the period. Federated Hermes Inc. grew its position in TTEC by 324.2% during the second quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after buying an additional 902,159 shares in the last quarter. Walleye Capital LLC grew its position in TTEC by 44.3% during the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after buying an additional 135,355 shares in the last quarter. Finally, Barclays PLC grew its position in TTEC by 119.7% during the third quarter. Barclays PLC now owns 33,654 shares of the business services provider’s stock worth $197,000 after buying an additional 18,339 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.