Shares of TTEC Holdings Inc (NASDAQ:TTEC) have been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price objective of $30.50 for the company and are predicting that the company will post $0.76 earnings per share for the current quarter, according to Zacks. Zacks has also given TTEC an industry rank of 91 out of 256 based on the ratings given to its competitors.
Several equities research analysts have weighed in on TTEC shares. BidaskClub upgraded TTEC from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. ValuEngine upgraded TTEC from a “strong sell” rating to a “sell” rating in a report on Thursday, October 4th. Finally, Zacks Investment Research cut TTEC from a “hold” rating to a “sell” rating in a report on Thursday.
Shares of TTEC stock traded up $0.70 during mid-day trading on Monday, hitting $32.84. The stock had a trading volume of 35,172 shares, compared to its average volume of 62,900. TTEC has a 12-month low of $23.01 and a 12-month high of $42.30. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 2.02 and a beta of 0.74. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.83.
TTEC (NASDAQ:TTEC) last issued its earnings results on Wednesday, November 7th. The business services provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. TTEC had a positive return on equity of 20.76% and a negative net margin of 1.71%. The business had revenue of $364.94 million during the quarter, compared to analysts’ expectations of $356.49 million. Research analysts predict that TTEC will post 1.62 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of TTEC by 9.0% in the 2nd quarter. BlackRock Inc. now owns 2,067,328 shares of the business services provider’s stock worth $71,427,000 after buying an additional 171,139 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of TTEC by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,411,364 shares of the business services provider’s stock worth $36,554,000 after purchasing an additional 17,781 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of TTEC by 11.3% during the 3rd quarter. Renaissance Technologies LLC now owns 345,322 shares of the business services provider’s stock worth $8,944,000 after purchasing an additional 35,000 shares during the last quarter. Northern Trust Corp lifted its stake in shares of TTEC by 18.7% during the 2nd quarter. Northern Trust Corp now owns 336,970 shares of the business services provider’s stock worth $11,642,000 after purchasing an additional 53,144 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of TTEC by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 314,338 shares of the business services provider’s stock worth $8,141,000 after purchasing an additional 11,489 shares during the last quarter. Institutional investors and hedge funds own 25.19% of the company’s stock.
TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.
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