Brokerages Set TTEC Holdings, Inc. (NASDAQ:TTEC) Price Target at $22.00

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been assigned a consensus rating of “Reduce” from the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.00.

Several research firms recently commented on TTEC. Canaccord Genuity Group reissued a “hold” rating and set a $13.00 price objective (down previously from $30.00) on shares of TTEC in a research note on Wednesday, March 6th. Barrington Research lowered shares of TTEC from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. Guggenheim began coverage on shares of TTEC in a research note on Tuesday, March 19th. They set a “sell” rating and a $8.00 price objective on the stock. Finally, Canaccord Genuity Group downgraded shares of TTEC from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th.

TTEC Price Performance

Shares of NASDAQ TTEC opened at $8.22 on Friday. TTEC has a 1 year low of $7.89 and a 1 year high of $37.51. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.69 and a quick ratio of 1.69. The company’s 50-day moving average is $13.35 and its 200 day moving average is $18.31. The stock has a market capitalization of $390.03 million, a P/E ratio of 45.67, a P/E/G ratio of 0.89 and a beta of 0.99.

TTEC (NASDAQ:TTEC) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). TTEC had a return on equity of 13.74% and a net margin of 0.34%. On average, sell-side analysts expect that TTEC will post 1.16 earnings per share for the current year.

TTEC Cuts Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 3rd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a dividend yield of 4.6%. TTEC’s dividend payout ratio is presently 66.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC bought a new position in TTEC during the first quarter valued at approximately $177,000. Quadrature Capital Ltd lifted its position in TTEC by 45.4% during the fourth quarter. Quadrature Capital Ltd now owns 23,555 shares of the business services provider’s stock valued at $511,000 after purchasing an additional 7,356 shares during the period. PNC Financial Services Group Inc. lifted its position in TTEC by 42.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,407 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 1,323 shares during the period. Vanguard Group Inc. lifted its position in TTEC by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,409,680 shares of the business services provider’s stock valued at $52,218,000 after purchasing an additional 50,088 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in TTEC by 112.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 459,327 shares of the business services provider’s stock valued at $9,954,000 after purchasing an additional 243,332 shares during the period. Institutional investors own 38.03% of the company’s stock.

TTEC Company Profile

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.