Analysts Set TTEC Holdings, Inc. (NASDAQ:TTEC) PT at $10.13

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have earned a consensus rating of “Moderate Buy” from the four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.13.

TTEC has been the subject of a number of recent analyst reports. Canaccord Genuity Group decreased their target price on TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a report on Monday. StockNews.com upgraded TTEC from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

Institutional Investors Weigh In On TTEC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEC. Royce & Associates LP grew its stake in TTEC by 77.6% in 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. BNP Paribas Financial Markets grew its stake in shares of TTEC by 40.8% in the third quarter. BNP Paribas Financial Markets now owns 191,317 shares of the business services provider’s stock worth $1,123,000 after acquiring an additional 55,407 shares during the last quarter. Walleye Capital LLC grew its stake in shares of TTEC by 44.3% in the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after acquiring an additional 135,355 shares during the last quarter. ClearAlpha Technologies LP purchased a new stake in shares of TTEC in the third quarter worth $411,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of TTEC in the third quarter worth $121,000. 38.03% of the stock is owned by hedge funds and other institutional investors.

TTEC Stock Up 1.5 %

Shares of TTEC opened at $3.46 on Tuesday. The firm has a market cap of $165.14 million, a P/E ratio of -0.49, a P/E/G ratio of 1.53 and a beta of 1.04. The stock has a 50 day simple moving average of $3.88 and a two-hundred day simple moving average of $4.60. 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 $3.31 and a 1 year high of $11.97.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.09). TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. The company had revenue of $567.44 million during the quarter, compared to the consensus estimate of $575.73 million. On average, analysts forecast that TTEC will post 0.33 earnings per share for the current fiscal year.

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.