TTEC Holdings, Inc. (NASDAQ:TTEC) Receives Average Recommendation of “Hold” from Brokerages

TTEC Holdings, Inc. (NASDAQ:TTEC) has been given a consensus rating of “Hold” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $10.13.

A number of research firms recently commented on TTEC. Canaccord Genuity Group decreased their price objective on TTEC from $4.50 to $3.50 and set a “hold” rating on the stock in a research note on Monday. StockNews.com raised TTEC from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

Hedge Funds Weigh In On TTEC

Several large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. lifted its position in TTEC by 118.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider’s stock worth $7,479,000 after buying an additional 813,479 shares during the period. D. E. Shaw & Co. Inc. lifted its position in TTEC by 1.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,100,894 shares of the business services provider’s stock worth $5,493,000 after buying an additional 17,885 shares during the period. Two Sigma Advisers LP lifted its position in TTEC by 6.5% during the fourth quarter. Two Sigma Advisers LP now owns 905,500 shares of the business services provider’s stock worth $4,518,000 after buying an additional 55,400 shares during the period. Union Square Park Capital Management LLC purchased a new position in TTEC during the fourth quarter worth about $4,441,000. Finally, Royce & Associates LP lifted its position in TTEC by 77.6% during the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock worth $4,629,000 after buying an additional 344,496 shares during the period. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

TTEC Stock Up 0.3 %

TTEC stock opened at $3.39 on Tuesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market capitalization of $161.80 million, a price-to-earnings ratio of -0.48, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04. TTEC has a fifty-two week low of $3.32 and a fifty-two week high of $13.93. The stock’s fifty day moving average is $3.97 and its two-hundred day moving average is $4.63.

TTEC (NASDAQ:TTEC) last posted its earnings results 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). The firm had revenue of $567.44 million during the quarter, compared to analyst estimates of $575.73 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. Analysts predict that TTEC will post 0.33 EPS for the current fiscal 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.