TTEC Holdings, Inc. (NASDAQ:TTEC) Receives $11.90 Consensus Target Price from Analysts

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been assigned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $11.90.

Separately, StockNews.com lowered shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th.

Institutional Investors Weigh In On TTEC

Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in TTEC during the 3rd quarter worth approximately $59,000. GAMMA Investing LLC lifted its holdings in TTEC by 1,054.6% during the 4th quarter. GAMMA Investing LLC now owns 12,828 shares of the business services provider’s stock worth $64,000 after buying an additional 11,717 shares in the last quarter. Quantbot Technologies LP increased its position in shares of TTEC by 140.5% in the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 7,527 shares during the last quarter. Pacific Sun Financial Corp purchased a new stake in shares of TTEC in the 4th quarter valued at approximately $72,000. Finally, JPMorgan Chase & Co. increased its position in shares of TTEC by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 7,347 shares during the last quarter. 38.03% of the stock is currently owned by institutional investors and hedge funds.

TTEC Stock Performance

NASDAQ:TTEC opened at $3.51 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93. The firm has a market capitalization of $167.53 million, a price-to-earnings ratio of -0.50, a PEG ratio of 1.40 and a beta of 1.04. The company’s 50-day moving average is $4.34 and its two-hundred day moving average is $4.84. TTEC has a 1-year low of $3.37 and a 1-year high of $19.74.

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.