TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $15.60 Consensus Price Target from Analysts

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.60.

TTEC has been the topic of several research reports. Craig Hallum dropped their price objective on TTEC from $18.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Canaccord Genuity Group cut their price target on TTEC from $13.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, May 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in TTEC by 128.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 1,607 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of TTEC by 280.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock valued at $78,000 after buying an additional 9,809 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of TTEC in the first quarter valued at approximately $86,000. EntryPoint Capital LLC acquired a new position in TTEC during the first quarter worth $88,000. Finally, Allspring Global Investments Holdings LLC raised its position in TTEC by 35,988.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 15,518 shares of the business services provider’s stock worth $91,000 after acquiring an additional 15,475 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Price Performance

TTEC stock opened at $8.10 on Monday. The stock has a market cap of $385.21 million, a P/E ratio of -31.15, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. The company has a fifty day simple moving average of $6.52 and a 200-day simple moving average of $10.84. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.56. TTEC has a 12-month low of $5.01 and a 12-month high of $34.52.

TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). TTEC had a positive return on equity of 9.61% and a negative net margin of 0.52%. The business had revenue of $576.64 million for the quarter, compared to analyst estimates of $564.37 million. Equities analysts expect that TTEC will post 1.07 EPS for the current fiscal year.

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.