TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $10.13 Consensus Target Price from Analysts

TTEC Holdings, Inc. (NASDAQ:TTEC) has received a consensus recommendation of “Moderate Buy” from the four analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.13.

A number of research firms recently commented on TTEC. StockNews.com upgraded TTEC from a “sell” rating to a “hold” rating in a research report on Saturday. Canaccord Genuity Group decreased their price target on TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a research report on Monday, March 3rd.

TTEC Trading Up 5.4 %

TTEC stock opened at $3.73 on Tuesday. TTEC has a 1-year low of $3.31 and a 1-year high of $11.73. The firm has a market cap of $178.14 million, a P/E ratio of -0.53, a P/E/G ratio of 1.53 and a beta of 1.09. The business’s 50 day moving average is $3.84 and its 200-day moving average is $4.60. 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 (NASDAQ:TTEC) last released 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. Equities analysts anticipate that TTEC will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royce & Associates LP boosted its position 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 boosted its position 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. Nisa Investment Advisors LLC bought a new position in TTEC in the 4th quarter valued at $176,000. GAMMA Investing LLC boosted its position in TTEC by 1,054.6% in the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after buying an additional 11,717 shares during the last quarter. Finally, Barclays PLC boosted its position in TTEC by 119.7% in the 3rd quarter. Barclays PLC now owns 33,654 shares of the business services provider’s stock valued at $197,000 after buying an additional 18,339 shares during the last quarter. 38.03% of the stock is currently owned by institutional investors.

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.