Brokerages Set TTEC Holdings, Inc. (NASDAQ:TTEC) PT at $11.90

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have been assigned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat Ratings 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 1-year price target among brokers that have covered the stock in the last year is $11.90.

Several brokerages have commented on TTEC. StockNews.com downgraded TTEC from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Guggenheim raised shares of TTEC from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 1st. Northland Securities decreased their price target on shares of TTEC from $19.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group dropped their price objective on TTEC from $8.00 to $4.50 and set a “hold” rating on the stock in a research note on Tuesday, August 13th.

TTEC Stock Performance

TTEC stock opened at $5.14 on Friday. The firm has a 50 day moving average of $5.17 and a two-hundred day moving average of $5.68. TTEC has a 12 month low of $3.67 and a 12 month high of $22.69. The company has a market capitalization of $245.33 million, a price-to-earnings ratio of -0.74, a P/E/G ratio of 3.47 and a beta of 1.05. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.47.

Institutional Trading of TTEC

A number of large investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new position in TTEC in the third quarter valued at approximately $59,000. Vanguard Personalized Indexing Management LLC bought a new stake in TTEC in the 2nd quarter valued at $72,000. Nisa Investment Advisors LLC boosted its stake 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 during the period. Magnetar Financial LLC bought a new position in TTEC during the 2nd quarter worth about $80,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of TTEC in the 1st quarter valued at about $86,000. 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.