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

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

Separately, StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, November 15th.

TTEC Price Performance

TTEC stock opened at $3.43 on Friday. The stock has a market capitalization of $163.71 million, a PE ratio of -0.49, a price-to-earnings-growth ratio of 1.40 and a beta of 1.04. The company’s 50-day moving average is $4.44 and its 200-day moving average is $4.93. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. TTEC has a 1 year low of $3.37 and a 1 year high of $19.74.

Institutional Investors Weigh In On TTEC

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP increased its stake in TTEC by 77.6% in the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after buying an additional 344,496 shares during the last quarter. Walleye Capital LLC increased its stake in TTEC by 44.3% in the 3rd 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. Marshall Wace LLP purchased a new stake in TTEC in the 2nd quarter valued at about $413,000. ClearAlpha Technologies LP purchased a new stake in TTEC in the 3rd quarter valued at about $411,000. Finally, BNP Paribas Financial Markets increased 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 valued at $1,123,000 after buying an additional 55,407 shares during the last quarter. Institutional investors and hedge funds 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.