TTEC Holdings Inc (NASDAQ:TTEC) has received an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $60.00.
A number of research analysts have weighed in on TTEC shares. BidaskClub raised shares of TTEC from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Sidoti started coverage on TTEC in a research report on Thursday, September 19th. They issued a “buy” rating on the stock. Finally, ValuEngine lowered TTEC from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.
Shares of NASDAQ:TTEC traded down $4.14 during trading on Tuesday, reaching $40.57. The stock had a trading volume of 242,228 shares, compared to its average volume of 85,084. TTEC has a 52 week low of $24.53 and a 52 week high of $50.45. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 27.23 and a beta of 0.69. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $46.26 and a two-hundred day simple moving average of $45.38.
TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.08. TTEC had a net margin of 4.32% and a return on equity of 23.39%. The business had revenue of $395.51 million during the quarter.
In other news, SVP Margaret B. Mclean sold 5,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00. Following the completion of the transaction, the senior vice president now owns 34,841 shares of the company’s stock, valued at $1,652,857.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Regina Paolillo sold 8,588 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $50.01, for a total transaction of $429,485.88. Following the completion of the sale, the chief financial officer now owns 184,909 shares of the company’s stock, valued at approximately $9,247,299.09. The disclosure for this sale can be found here. Insiders sold 21,503 shares of company stock valued at $1,062,436 over the last three months. 69.45% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in TTEC in the 3rd quarter valued at approximately $60,000. Royal Bank of Canada lifted its position in shares of TTEC by 63.2% in the 2nd quarter. Royal Bank of Canada now owns 1,532 shares of the business services provider’s stock worth $71,000 after acquiring an additional 593 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of TTEC during the 3rd quarter worth approximately $139,000. Bank of Montreal Can grew its holdings in shares of TTEC by 99.4% during the 2nd quarter. Bank of Montreal Can now owns 3,276 shares of the business services provider’s stock worth $154,000 after purchasing an additional 1,633 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in shares of TTEC by 5.5% during the third quarter. Mason Street Advisors LLC now owns 4,893 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 257 shares during the period. 26.51% of the stock is currently owned by institutional investors and hedge funds.
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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