TTEC Holdings, Inc. (NASDAQ:TTEC) Short Interest Update

TTEC Holdings, Inc. (NASDAQ:TTEC) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,210,000 shares, an increase of 66.3% from the March 31st total of 1,930,000 shares. Based on an average daily volume of 362,300 shares, the short-interest ratio is presently 8.9 days. Currently, 16.8% of the company’s shares are short sold.

Institutional Trading of TTEC

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in TTEC by 0.7% in the third quarter. Vanguard Group Inc. now owns 2,359,592 shares of the business services provider’s stock valued at $61,869,000 after buying an additional 16,913 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of TTEC by 123.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 502,505 shares of the business services provider’s stock worth $10,889,000 after acquiring an additional 277,860 shares during the period. Graham Capital Management L.P. acquired a new stake in TTEC during the 3rd quarter worth approximately $225,000. Barclays PLC lifted its holdings in TTEC by 23.1% during the 3rd quarter. Barclays PLC now owns 19,329 shares of the business services provider’s stock worth $507,000 after purchasing an additional 3,622 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in TTEC by 62.4% during the 3rd 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 during the last quarter. 38.03% of the stock is currently owned by institutional investors.

TTEC Stock Down 0.5 %

Shares of TTEC stock traded down $0.04 on Friday, hitting $7.72. 209,966 shares of the company’s stock traded hands, compared to its average volume of 388,381. The firm’s 50-day moving average is $11.26 and its 200 day moving average is $17.18. TTEC has a 52-week low of $7.66 and a 52-week high of $36.70. The stock has a market cap of $366.31 million, a P/E ratio of 42.89, a PEG ratio of 0.84 and a beta of 0.99. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.62.

TTEC (NASDAQ:TTEC) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The company had revenue of $626.18 million during the quarter, compared to analyst estimates of $602.98 million. TTEC had a net margin of 0.34% and a return on equity of 13.74%. Equities analysts anticipate that TTEC will post 1.16 earnings per share for the current year.

TTEC Cuts Dividend

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

Analyst Upgrades and Downgrades

TTEC has been the subject of several research reports. Barrington Research cut shares of TTEC from an “outperform” rating to a “market perform” rating in a research report on Monday, March 4th. Canaccord Genuity Group downgraded shares of TTEC from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $13.00 price objective (down from $30.00) on shares of TTEC in a report on Wednesday, March 6th. Finally, Guggenheim started coverage on shares of TTEC in a research report on Tuesday, March 19th. They set a “sell” rating and a $8.00 price objective for the company. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.00.

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.