TTEC Holdings, Inc. (NASDAQ:TTEC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.90.

A number of equities analysts have commented on TTEC shares. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st. StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. Northland Securities reduced their price target on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group reduced their price target on shares of TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a research note on Tuesday, August 13th.

Institutional Investors Weigh In On TTEC

Several large investors have recently added to or reduced their stakes in TTEC. Federated Hermes Inc. increased its stake in TTEC by 324.2% during the 2nd quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after buying an additional 902,159 shares during the period. AQR Capital Management LLC increased its stake in TTEC by 227.2% during the 2nd quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after buying an additional 438,072 shares during the period. Invenomic Capital Management LP purchased a new stake in TTEC during the 1st quarter worth approximately $2,910,000. Vanguard Group Inc. increased its stake in TTEC by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 2,570,247 shares of the business services provider’s stock worth $26,653,000 after buying an additional 160,567 shares during the period. Finally, ProShare Advisors LLC increased its stake in TTEC by 26.0% during the 1st quarter. ProShare Advisors LLC now owns 364,840 shares of the business services provider’s stock worth $3,783,000 after buying an additional 75,212 shares during the period. 38.03% of the stock is owned by hedge funds and other institutional investors.

TTEC Price Performance

Shares of TTEC stock opened at $5.26 on Wednesday. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.56 and a quick ratio of 1.56. The firm’s 50-day moving average is $5.07 and its two-hundred day moving average is $5.99. TTEC has a 12 month low of $3.67 and a 12 month high of $22.69. The company has a market capitalization of $251.03 million, a PE ratio of -0.80, a price-to-earnings-growth ratio of 2.93 and a beta of 1.05.

TTEC (NASDAQ:TTEC) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). TTEC had a positive return on equity of 7.38% and a negative net margin of 13.39%. The firm had revenue of $534.09 million for the quarter, compared to analysts’ expectations of $554.67 million. Analysts predict that TTEC will post 0.44 earnings per share for the current year.

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.