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

TTEC Holdings, Inc. (NASDAQ:TTEC) has earned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $11.90.

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

Institutional Investors Weigh In On TTEC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. lifted its stake in shares of TTEC by 324.2% in the 2nd quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock valued at $6,941,000 after purchasing an additional 902,159 shares during the period. AQR Capital Management LLC raised its position in shares of TTEC by 227.2% in the second quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after acquiring an additional 438,072 shares during the period. Invenomic Capital Management LP purchased a new stake in shares of TTEC during the 1st quarter worth about $2,910,000. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 160,567 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of TTEC during the 4th quarter valued at about $2,106,000. Institutional investors and hedge funds own 38.03% of the company’s stock.

TTEC Stock Performance

Shares of TTEC opened at $4.17 on Friday. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a 50-day moving average of $6.22 and a two-hundred day moving average of $9.03. The stock has a market cap of $198.31 million, a P/E ratio of -16.04, a P/E/G ratio of 2.31 and a beta of 1.05. TTEC has a one year low of $3.71 and a one year high of $30.32.

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.