TTEC (NASDAQ:TTEC) Upgraded to Hold at StockNews.com

TTEC (NASDAQ:TTEC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

TTEC Stock Performance

NASDAQ:TTEC opened at $3.65 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.47. The stock has a 50 day simple moving average of $4.04 and a 200 day simple moving average of $4.63. TTEC has a 1-year low of $3.37 and a 1-year high of $18.11. The stock has a market cap of $174.21 million, a P/E ratio of -0.52, a PEG ratio of 1.53 and a beta of 1.04.

TTEC (NASDAQ:TTEC) last posted its earnings results on Thursday, February 27th. The business services provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.09). TTEC had a positive return on equity of 5.00% and a negative net margin of 14.69%. Research analysts anticipate that TTEC will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC raised its position in shares of TTEC by 12.2% in the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider’s stock valued at $189,000 after buying an additional 4,117 shares in the last quarter. American Century Companies Inc. raised its holdings in TTEC by 13.4% in the 4th quarter. American Century Companies Inc. now owns 36,508 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 4,313 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of TTEC by 24.2% during the 4th quarter. Quantinno Capital Management LP now owns 25,561 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 4,981 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of TTEC by 20.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,443 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 6,273 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of TTEC by 77.0% during 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. Institutional investors and hedge funds own 38.03% of the company’s stock.

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.