TTEC (NASDAQ:TTEC) Upgraded at StockNews.com

StockNews.com upgraded shares of TTEC (NASDAQ:TTEC) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

TTEC Trading Down 7.4 %

TTEC opened at $3.38 on Wednesday. The stock has a market cap of $161.32 million, a PE ratio of -0.48, a PEG ratio of 1.53 and a beta of 1.04. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. The business has a 50 day moving average of $4.02 and a 200-day moving average of $4.63. TTEC has a 52 week low of $3.32 and a 52 week high of $18.11.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). The company had revenue of $567.44 million for the quarter, compared to analysts’ expectations of $575.73 million. TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. Equities research analysts predict that TTEC will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TTEC. XTX Topco Ltd purchased a new position in TTEC during the third quarter valued at $59,000. GAMMA Investing LLC raised its stake in TTEC by 1,054.6% during the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after buying an additional 11,717 shares during the last quarter. Quantbot Technologies LP raised its stake in TTEC by 140.5% during the fourth quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock valued at $64,000 after buying an additional 7,527 shares during the last quarter. Pacific Sun Financial Corp purchased a new position in TTEC during the fourth quarter valued at $72,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of TTEC by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock worth $84,000 after purchasing an additional 7,347 shares in the last quarter. Hedge funds and other institutional investors 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.