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

TTEC Holdings, Inc. (NASDAQ:TTEC) has received an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $11.90.

Several brokerages recently issued reports on TTEC. Guggenheim raised TTEC from a “sell” rating to a “neutral” rating in a report on Tuesday, October 1st. Northland Securities dropped their price objective on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Canaccord Genuity Group reduced their target price on shares of TTEC from $8.00 to $4.50 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Finally, StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a research report on Friday, September 6th.

TTEC Stock Performance

TTEC stock opened at $5.19 on Wednesday. The company has a market cap of $247.69 million, a PE ratio of -0.79, a P/E/G ratio of 3.06 and a beta of 1.04. TTEC has a 12 month low of $3.67 and a 12 month high of $22.69. The company has a fifty day moving average price of $5.07 and a two-hundred day moving average price of $6.06. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). TTEC had a negative net margin of 13.39% and a positive return on equity of 7.38%. The business had revenue of $534.09 million for the quarter, compared to the consensus estimate of $554.67 million. Research analysts expect that TTEC will post 0.44 earnings per share for the current year.

Institutional Trading of TTEC

A number of hedge funds and other institutional investors have recently made changes to their positions in TTEC. PNC Financial Services Group Inc. raised its stake in shares of TTEC by 42.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the business services provider’s stock worth $95,000 after buying an additional 1,323 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of TTEC by 47.2% in the 1st quarter. BNP Paribas Financial Markets now owns 45,958 shares of the business services provider’s stock worth $477,000 after purchasing an additional 14,728 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of TTEC by 56.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 33,121 shares of the business services provider’s stock worth $343,000 after purchasing an additional 11,997 shares in the last quarter. Quantbot Technologies LP lifted its stake in TTEC by 59.1% during the first quarter. Quantbot Technologies LP now owns 27,648 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 10,275 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in TTEC by 46.0% during the first quarter. Illinois Municipal Retirement Fund now owns 17,401 shares of the business services provider’s stock worth $180,000 after buying an additional 5,481 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors.

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.