TTEC (NASDAQ:TTEC) Reaches New 12-Month Low at $26.49

TTEC Holdings, Inc. (NASDAQ:TTEC) reached a new 52-week low during trading on Monday . The company traded as low as $26.49 and last traded at $26.50, with a volume of 30345 shares changing hands. The stock had previously closed at $27.41.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com assumed coverage on TTEC in a research report on Thursday, August 17th. They set a “hold” rating for the company. Morgan Stanley raised shares of TTEC from an “underweight” rating to an “equal weight” rating and set a $31.00 target price for the company in a research note on Friday, August 11th.

TTEC Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average price of $30.59 and a two-hundred day moving average price of $33.45. The firm has a market cap of $1.25 billion, a P/E ratio of 19.78, a PEG ratio of 1.49 and a beta of 1.07.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. TTEC had a net margin of 2.59% and a return on equity of 21.17%. The firm had revenue of $600.39 million for the quarter, compared to analyst estimates of $596.26 million. Equities analysts anticipate that TTEC Holdings, Inc. will post 2.34 earnings per share for the current year.

Institutional Trading of TTEC

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in TTEC by 61.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 576 shares of the business services provider’s stock valued at $26,000 after buying an additional 219 shares during the last quarter. US Bancorp DE raised its holdings in shares of TTEC by 76.9% in the second quarter. US Bancorp DE now owns 828 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 360 shares during the last quarter. UBS Group AG lifted its position in shares of TTEC by 702.6% in the third quarter. UBS Group AG now owns 626 shares of the business services provider’s stock worth $28,000 after purchasing an additional 548 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in TTEC by 206.0% during the first quarter. Tower Research Capital LLC TRC now owns 860 shares of the business services provider’s stock worth $32,000 after purchasing an additional 579 shares during the last quarter. Finally, Point72 Middle East FZE bought a new position in TTEC in the fourth quarter valued at $44,000. 38.63% of the stock is currently owned by institutional investors.

About TTEC

TTEC Holdings, Inc, a customer experience technology and services company, that designs, builds, orchestrates, and delivers digitally enabled customer experiences designed for various brands. It operates in two segments, TTEC Digital and TTEC Engage. The TTEC Digital segments designs, builds, and operates robust digital experiences for clients and their customers through the contextual integration and orchestration of customer relationship management, data, analytics, customer experience as a service technology, and intelligent automation to ensure customer experience (CX) outcomes.