TTEC Holdings, Inc. (NASDAQ:TTEC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.13.

Several equities research analysts have recently commented on TTEC shares. Canaccord Genuity Group cut their price target on TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research note on Monday. StockNews.com upgraded TTEC from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

TTEC Price Performance

Shares of NASDAQ TTEC opened at $3.39 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC has a twelve month low of $3.32 and a twelve month high of $13.93. The stock has a 50 day moving average of $3.97 and a two-hundred day moving average of $4.63. The stock has a market cap of $161.80 million, a P/E ratio of -0.48, a P/E/G ratio of 1.53 and a beta of 1.04.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TTEC. Union Square Park Capital Management LLC purchased a new position in TTEC in the fourth quarter worth $4,441,000. Alyeska Investment Group L.P. raised its position in TTEC by 118.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider’s stock worth $7,479,000 after acquiring an additional 813,479 shares in the last quarter. Beryl Capital Management LLC purchased a new position in TTEC in the fourth quarter worth $2,385,000. Royce & Associates LP grew its holdings in TTEC by 77.6% in the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after purchasing an additional 344,496 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in TTEC by 326.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider’s stock valued at $979,000 after purchasing an additional 150,200 shares during the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

About TTEC

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.