TTEC Holdings Inc (NASDAQ:TTEC) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a 12-month consensus target price of $35.00 for the company and are predicting that the company will post $0.36 EPS for the current quarter, according to Zacks. Zacks has also given TTEC an industry rank of 155 out of 256 based on the ratings given to its competitors.
Several equities research analysts have recently issued reports on TTEC shares. BidaskClub raised TTEC from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Zacks Investment Research cut shares of TTEC from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Finally, Craig Hallum boosted their price target on shares of TTEC from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, June 17th.
In other TTEC news, EVP Martin F. Deghetto sold 25,317 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $39.00, for a total value of $987,363.00. Following the completion of the transaction, the executive vice president now directly owns 98,598 shares in the company, valued at approximately $3,845,322. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Martin F. Deghetto sold 35,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $39.00, for a total transaction of $1,365,000.00. Following the completion of the transaction, the executive vice president now owns 98,598 shares of the company’s stock, valued at $3,845,322. The disclosure for this sale can be found here. 69.45% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Investors Research Corp purchased a new stake in TTEC during the 1st quarter valued at about $29,000. BNP Paribas Arbitrage SA grew its stake in shares of TTEC by 513.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,216 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 2,692 shares during the last quarter. Bank of Montreal Can grew its stake in shares of TTEC by 99.4% in the 2nd quarter. Bank of Montreal Can now owns 3,276 shares of the business services provider’s stock valued at $154,000 after purchasing an additional 1,633 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of TTEC in the 4th quarter valued at approximately $115,000. Finally, WINTON GROUP Ltd purchased a new position in shares of TTEC in the 2nd quarter valued at approximately $204,000. Institutional investors and hedge funds own 26.07% of the company’s stock.
Shares of TTEC stock traded up $0.65 on Wednesday, reaching $46.51. The company’s stock had a trading volume of 4,073 shares, compared to its average volume of 74,589. The stock’s fifty day simple moving average is $46.11. TTEC has a 1 year low of $23.01 and a 1 year high of $49.84. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $2.13 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 3.40 and a beta of 0.69.
TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.23. The firm had revenue of $392.52 million during the quarter, compared to the consensus estimate of $376.80 million. TTEC had a return on equity of 21.96% and a net margin of 3.60%. On average, research analysts expect that TTEC will post 1.68 earnings per share for the current year.
TTEC Company Profile
TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).
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