TTEC Holdings, Inc. (NASDAQ:TTEC) Receives Consensus Recommendation of “Reduce” from Analysts

TTEC Holdings, Inc. (NASDAQ:TTEC) has been given an average rating of “Reduce” by the five brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.50.

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

Institutional Investors Weigh In On TTEC

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of TTEC by 123.7% during 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 period. Federated Hermes Inc. lifted its stake in shares of TTEC by 2,053.6% in the 4th quarter. Federated Hermes Inc. now owns 221,910 shares of the business services provider’s stock valued at $4,809,000 after purchasing an additional 211,606 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of TTEC during the 4th quarter worth $2,106,000. Scalar Gauge Management LLC purchased a new stake in TTEC in the 4th quarter valued at about $1,517,000. Finally, Victory Capital Management Inc. lifted its position in TTEC by 18.7% in the third quarter. Victory Capital Management Inc. now owns 299,415 shares of the business services provider’s stock valued at $7,851,000 after buying an additional 47,196 shares during the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Price Performance

TTEC stock opened at $7.94 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.69 and a current ratio of 1.69. The company’s fifty day moving average price is $9.79 and its 200 day moving average price is $16.32. The stock has a market capitalization of $376.75 million, a P/E ratio of 44.11, a P/E/G ratio of 0.83 and a beta of 1.06. TTEC has a 1 year low of $7.17 and a 1 year high of $36.27.

TTEC (NASDAQ:TTEC) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share (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%. The company had revenue of $626.18 million during the quarter, compared to analyst estimates of $602.98 million. As a group, equities research analysts anticipate that TTEC will post 1.16 earnings per share for the current fiscal year.

TTEC Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 3rd were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, April 2nd. This represents a dividend yield of 4.6%. TTEC’s payout ratio is 66.67%.

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.