Shares of TTEC Holdings, Inc. (NASDAQ:TTEC – Get Free Report) 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.
View Our Latest Research Report on TTEC
TTEC Stock Down 2.1 %
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.
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