StockNews.com Downgrades TTEC (NASDAQ:TTEC) to Hold

StockNews.com downgraded shares of TTEC (NASDAQ:TTECFree Report) from a buy rating to a hold rating in a report issued on Friday morning.

TTEC has been the subject of a number of other reports. Morgan Stanley upgraded TTEC from an underweight rating to an equal weight rating and set a $31.00 price target for the company in a report on Friday, August 11th. Barrington Research raised TTEC from a market perform rating to an outperform rating and set a $18.00 target price for the company in a research note on Friday, November 10th.

Get Our Latest Report on TTEC

TTEC Trading Up 0.6 %

NASDAQ:TTEC opened at $18.47 on Friday. TTEC has a 52 week low of $15.27 and a 52 week high of $54.20. The firm’s fifty day moving average is $23.01 and its 200-day moving average is $28.97. The firm has a market cap of $875.85 million, a P/E ratio of 21.48, a P/E/G ratio of 2.08 and a beta of 1.14. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.57 and a current ratio of 1.57.

TTEC Dividend Announcement

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were paid a $0.52 dividend. This represents a yield of 4.1%. The ex-dividend date was Friday, October 13th. TTEC’s dividend payout ratio (DPR) is currently 120.93%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of TTEC by 15.3% during the first quarter. JPMorgan Chase & Co. now owns 178,519 shares of the business services provider’s stock worth $14,732,000 after acquiring an additional 23,670 shares in the last quarter. Raymond James & Associates raised its position in TTEC by 73.8% in the 1st quarter. Raymond James & Associates now owns 8,832 shares of the business services provider’s stock valued at $729,000 after buying an additional 3,750 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in TTEC by 13.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,002 shares of the business services provider’s stock worth $166,000 after acquiring an additional 238 shares during the last quarter. Bank of Montreal Can grew its stake in shares of TTEC by 3.3% in the 1st quarter. Bank of Montreal Can now owns 7,619 shares of the business services provider’s stock worth $654,000 after acquiring an additional 241 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of TTEC by 57.8% in the first quarter. MetLife Investment Management LLC now owns 10,010 shares of the business services provider’s stock valued at $826,000 after purchasing an additional 3,667 shares during the last quarter. 38.63% of the stock is owned by institutional investors and hedge funds.

TTEC Company Profile

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TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.

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