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

TTEC Holdings, Inc. (NASDAQ:TTEC) has earned an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $15.60.

Several equities analysts recently commented on TTEC shares. Canaccord Genuity Group reduced 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. Canaccord Genuity Group lowered TTEC from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Craig Hallum reduced their price target on TTEC from $18.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Guggenheim started coverage on TTEC in a research report on Tuesday, March 19th. They set a “sell” rating and a $8.00 price target on the stock. Finally, Barrington Research lowered TTEC from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TTEC. Covestor Ltd grew its stake in TTEC by 43,433.3% during the 3rd quarter. Covestor Ltd now owns 1,306 shares of the business services provider’s stock worth $34,000 after buying an additional 1,303 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of TTEC by 128.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,607 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of TTEC by 62.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,084 shares of the business services provider’s stock worth $81,000 after purchasing an additional 1,185 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of TTEC in the first quarter worth $86,000. Finally, EntryPoint Capital LLC bought a new position in shares of TTEC in the first quarter worth $88,000. 38.03% of the stock is currently owned by institutional investors.

TTEC Stock Up 5.8 %

Shares of NASDAQ:TTEC opened at $5.88 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.61 and a current ratio of 1.61. TTEC has a 1 year low of $5.01 and a 1 year high of $35.67. The stock has a market capitalization of $279.65 million, a P/E ratio of -22.62, a PEG ratio of 0.87 and a beta of 1.11. The stock has a 50-day simple moving average of $6.89 and a 200-day simple moving average of $12.94.

TTEC (NASDAQ:TTEC) last issued its earnings results on Wednesday, May 8th. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $576.64 million for the quarter, compared to analysts’ expectations of $564.37 million. Equities analysts forecast that TTEC will post 1.07 earnings per share for the current 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.