StockNews.com Upgrades TTEC (NASDAQ:TTEC) to “Hold”

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

Separately, Canaccord Genuity Group decreased their target price on TTEC from $4.50 to $3.50 and set a “hold” rating for the company in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.13.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $3.54 on Friday. TTEC has a 1-year low of $3.31 and a 1-year high of $11.97. 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 market cap of $168.96 million, a PE ratio of -0.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04. The stock’s fifty day simple moving average is $3.86 and its two-hundred day simple moving average is $4.60.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 earnings per share (EPS) 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%. The firm had revenue of $567.44 million during the quarter, compared to the consensus estimate of $575.73 million. As a group, analysts forecast that TTEC will post 0.33 EPS for the current fiscal year.

Institutional Trading of TTEC

A number of large investors have recently bought and sold shares of the company. Union Square Park Capital Management LLC purchased a new position in shares of TTEC in the fourth quarter worth about $4,441,000. Alyeska Investment Group L.P. boosted its holdings in TTEC by 118.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider’s stock worth $7,479,000 after buying an additional 813,479 shares during the period. Beryl Capital Management LLC purchased a new position in TTEC in the 4th quarter valued at approximately $2,385,000. Royce & Associates LP raised its holdings in TTEC by 77.6% during the 3rd quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after acquiring an additional 344,496 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of TTEC by 326.5% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 196,200 shares of the business services provider’s stock worth $979,000 after acquiring an additional 150,200 shares in the last quarter. 38.03% of the stock is owned by hedge funds and other institutional investors.

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.