TTEC Holdings, Inc. Announces Semi-Annual Dividend of $0.06 (NASDAQ:TTEC)

TTEC Holdings, Inc. (NASDAQ:TTEC) declared a Semi-Annual dividend on Tuesday, February 27th, Zacks reports. Stockholders of record on Wednesday, April 3rd will be paid a dividend of 0.06 per share by the business services provider on Tuesday, April 30th. This represents a dividend yield of 4.6%. The ex-dividend date is Tuesday, April 2nd.

TTEC has increased its dividend payment by an average of 12.0% per year over the last three years. TTEC has a dividend payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TTEC to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 7.0%.

TTEC Price Performance

TTEC opened at $10.37 on Monday. 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 stock’s 50 day simple moving average is $15.76 and its 200 day simple moving average is $19.55. The firm has a market cap of $491.85 million, a price-to-earnings ratio of 57.61, a PEG ratio of 1.12 and a beta of 0.99. TTEC has a 1 year low of $9.44 and a 1 year high of $38.09.

TTEC (NASDAQ:TTEC) last issued 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%. As a group, analysts predict that TTEC will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TTEC shares. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $13.00 price target (down from $30.00) on shares of TTEC in a research note on Wednesday, March 6th. Barrington Research lowered shares of TTEC from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Guggenheim assumed coverage on shares of TTEC in a research note on Tuesday, March 19th. They set a “sell” rating and a $8.00 price objective on the stock. Finally, Canaccord Genuity Group cut shares of TTEC from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

Hedge Funds Weigh In On TTEC

Several institutional investors and hedge funds have recently modified their holdings of TTEC. Public Employees Retirement System of Ohio grew its position in TTEC by 61.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 576 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 219 shares during the last quarter. UBS Group AG grew its holdings in shares of TTEC by 702.6% during the third quarter. UBS Group AG now owns 626 shares of the business services provider’s stock valued at $28,000 after buying an additional 548 shares during the last quarter. US Bancorp DE grew its holdings in shares of TTEC by 76.9% during the second quarter. US Bancorp DE now owns 828 shares of the business services provider’s stock valued at $28,000 after buying an additional 360 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of TTEC by 206.0% during the first quarter. Tower Research Capital LLC TRC now owns 860 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 579 shares in the last quarter. Finally, Point72 Middle East FZE purchased a new position in TTEC in the 4th quarter worth approximately $44,000. 38.03% of the stock is currently owned by 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.