TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Average PT from Analysts

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.90.

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group reduced their price objective on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a report on Tuesday, August 13th. StockNews.com upgraded TTEC from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Craig Hallum decreased their price target on TTEC from $18.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, Northland Securities dropped their price objective on TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th.

TTEC Stock Down 2.1 %

Shares of NASDAQ:TTEC opened at $4.17 on Friday. TTEC has a fifty-two week low of $3.71 and a fifty-two week high of $30.32. The firm’s 50 day moving average price is $6.22 and its 200 day moving average price is $9.03. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06. The stock has a market cap of $198.31 million, a price-to-earnings ratio of -16.04, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05.

Institutional Trading of TTEC

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in TTEC by 128.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,607 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in TTEC in the second quarter valued at $72,000. Nisa Investment Advisors LLC raised its holdings in shares of TTEC by 280.3% in the second quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock valued at $78,000 after buying an additional 9,809 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of TTEC during the second quarter worth about $80,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of TTEC during the first quarter worth about $86,000. 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.