TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $22.00 Consensus PT from Analysts

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have received an average recommendation of “Reduce” from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $22.00.

TTEC has been the subject of several recent research reports. Barrington Research lowered shares of TTEC from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Canaccord Genuity Group reiterated a “hold” rating and issued a $13.00 price target (down previously from $30.00) on shares of TTEC in a research note on Wednesday, March 6th. Guggenheim assumed coverage on shares of TTEC in a research note on Tuesday, March 19th. They issued a “sell” rating and a $8.00 price target for the company. Finally, Canaccord Genuity Group downgraded shares of TTEC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th.

Hedge Funds Weigh In On TTEC

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in TTEC by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,359,592 shares of the business services provider’s stock valued at $61,869,000 after buying an additional 16,913 shares during the last quarter. Assenagon Asset Management S.A. grew its position in TTEC by 123.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 502,505 shares of the business services provider’s stock valued at $10,889,000 after buying an additional 277,860 shares during the last quarter. Graham Capital Management L.P. purchased a new position in TTEC in the 3rd quarter valued at $225,000. Barclays PLC grew its position in TTEC by 23.1% in the 3rd quarter. Barclays PLC now owns 19,329 shares of the business services provider’s stock valued at $507,000 after buying an additional 3,622 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in TTEC by 62.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,084 shares of the business services provider’s stock valued at $81,000 after buying an additional 1,185 shares during the last quarter. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

TTEC Stock Performance

Shares of TTEC stock opened at $8.22 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $390.03 million, a PE ratio of 45.67, a price-to-earnings-growth ratio of 0.89 and a beta of 0.99. The company has a 50-day moving average of $13.35 and a two-hundred day moving average of $18.31. TTEC has a 1-year low of $7.89 and a 1-year high of $37.51.

TTEC (NASDAQ:TTEC) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). TTEC had a net margin of 0.34% and a return on equity of 13.74%. On average, analysts predict that TTEC will post 1.16 EPS for the current year.

TTEC Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 3rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a dividend yield of 4.6%. TTEC’s payout ratio is 66.67%.

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.