TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $22.00 Average PT from Brokerages

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have earned a consensus rating of “Reduce” from the five brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.00.

TTEC has been the topic of several recent analyst reports. Canaccord Genuity Group cut shares of TTEC from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Guggenheim initiated coverage on shares of TTEC in a research report on Tuesday, March 19th. They set a “sell” rating and a $8.00 price objective on the stock. Canaccord Genuity Group reiterated a “hold” rating and set a $13.00 price objective (down previously from $30.00) on shares of TTEC in a research report on Wednesday, March 6th. Finally, Barrington Research cut shares of TTEC from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th.

Institutional Investors Weigh In On TTEC

Several large investors have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC bought a new stake in TTEC in the first quarter worth $177,000. Quadrature Capital Ltd increased its position in TTEC by 45.4% during the fourth quarter. Quadrature Capital Ltd now owns 23,555 shares of the business services provider’s stock valued at $511,000 after acquiring an additional 7,356 shares during the last quarter. PNC Financial Services Group Inc. increased its position in TTEC by 42.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 1,323 shares during the last quarter. Vanguard Group Inc. increased its position in TTEC by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,409,680 shares of the business services provider’s stock valued at $52,218,000 after acquiring an additional 50,088 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in TTEC by 112.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 459,327 shares of the business services provider’s stock valued at $9,954,000 after acquiring an additional 243,332 shares during the last quarter. Institutional investors own 38.03% of the company’s stock.

TTEC Price Performance

Shares of NASDAQ:TTEC opened at $8.34 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.69 and a quick ratio of 1.69. TTEC has a 1-year low of $7.80 and a 1-year high of $36.70. The company has a market capitalization of $395.73 million, a P/E ratio of 46.34, a P/E/G ratio of 0.85 and a beta of 0.99. The firm’s 50 day simple moving average is $12.33 and its two-hundred day simple moving average is $17.79.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). The firm had revenue of $626.18 million for the quarter, compared to analysts’ expectations of $602.98 million. TTEC had a net margin of 0.34% and a return on equity of 13.74%. Research analysts expect that TTEC will post 1.16 EPS for the current fiscal year.

TTEC Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 3rd will be given a $0.06 dividend. This represents a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, April 2nd. TTEC’s dividend payout ratio is presently 66.67%.

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.