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

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.90.

Separately, StockNews.com downgraded shares of TTEC from a “hold” rating to a “sell” rating in a research note on Friday, November 15th.

TTEC Price Performance

TTEC opened at $3.51 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47. TTEC has a 52-week low of $3.44 and a 52-week high of $19.74. The company has a 50 day moving average of $4.51 and a two-hundred day moving average of $4.99. The company has a market cap of $167.53 million, a P/E ratio of -0.50, a P/E/G ratio of 1.51 and a beta of 1.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP boosted its stake in shares of TTEC by 77.6% in the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after purchasing an additional 344,496 shares during the period. Walleye Capital LLC raised its holdings in TTEC by 44.3% in the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock valued at $2,590,000 after acquiring an additional 135,355 shares in the last quarter. GAMMA Investing LLC raised its holdings in TTEC by 1,054.6% in the fourth quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 11,717 shares in the last quarter. Barclays PLC raised its holdings in TTEC by 119.7% in the third quarter. Barclays PLC now owns 33,654 shares of the business services provider’s stock valued at $197,000 after acquiring an additional 18,339 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in TTEC in the third quarter valued at $59,000. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

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.