TTEC Holdings, Inc. (NASDAQ:TTEC) Given Average Recommendation of “Hold” by Brokerages

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $11.90.

A number of research analysts have issued reports on TTEC shares. StockNews.com cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Guggenheim upgraded TTEC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 1st.

Institutional Investors Weigh In On TTEC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in shares of TTEC in the 3rd quarter valued at about $59,000. Vanguard Personalized Indexing Management LLC acquired a new position in TTEC in the second quarter valued at approximately $72,000. Nisa Investment Advisors LLC boosted its position in TTEC by 280.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock worth $78,000 after purchasing an additional 9,809 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of TTEC during the 2nd quarter worth approximately $80,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of TTEC by 35,988.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,518 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 15,475 shares in the last quarter. 38.03% of the stock is owned by institutional investors and hedge funds.

TTEC Price Performance

Shares of NASDAQ TTEC opened at $4.69 on Thursday. TTEC has a fifty-two week low of $3.67 and a fifty-two week high of $22.66. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93. The company has a market cap of $223.85 million, a PE ratio of -0.67, a P/E/G ratio of 3.36 and a beta of 1.05. The business has a 50-day simple moving average of $5.21 and a two-hundred day simple moving average of $5.51.

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.