According to Bloomberg Ratings, the nine research firms that cover TTEC Holdings, Inc.’s (NASDAQ: TTEC) shares have given the company’s stock a recommendation of “Hold” as the overall best course of action for investors to take. In addition, therequity research expert believes that the stock ought to be sold, two who think it ought to be retained, and two who think it ought to be bought. The price objective for the next 12 months that has been set by analysts who have issued ratings on the stock in the past year is, on average, $69.67.
Recently, several equity experts have offered their opinions regarding the company. In a research note issued on Tuesday, StockNews.com lowered its recommendation for TTEC from a “buy” rating to a “hold” one. Craig Hallum lowered their price objective on TTEC from $100 to $85.00 in a research note published on Thursday, August 11th. TTEC was downgraded by Bank of America from a “buy” rating to a “neutral” rating in a research report published on Monday, October 10th. Additionally, Bank of America decreased their target price from $68.00 to $48:00. Canaccord Genuity Group lowered their price target on TTEC from $120.00 to $100.00 in a published research note on Thursday, August 25th. Morgan Stanley lowered its target price for TTEC from $60.00 to $50.00 and gave the company an “underweight” rating in a research note published on Thursday, August 11th.
The NASDAQ TTEC began with a price of $41.04 on Friday. The stock price of TTEC has ranged from $40.62 to $103.65 during the past 52 weeks. The stock’s price-to-earnings ratio is 19.09; the price-to-earnings growth ratio is 1.11, and the stock has a beta of 0.96. The market capitalization of the company is $1.94 billion. The company’s moving average over the past fifty days is $46.88, and its moving average over the past 200 days is $60.15. The current ratio is 1.61, the quick ratio is 1.61, and the debt-to-equity ratio is 1.69. All three ratios are similar to one another.
TTEC (NASDAQ: TTEC) released its most recent quarterly report results on Tuesday, August 9th. The company reported a quarterly profit of $0.91 per share, which is $0.13 higher than the consensus forecast of $0.78 per share from industry analysts. The return on equity for TTEC was 24.99%, and the company’s net margin was 4.28%. The sales for the quarter came in at $604.30 million, which was significantly more than the experts’ projection of $602 million. During the same period as the previous year, the company generated $1.00 per share earnings. Compared to the same period the previous year, the revenue for the quarter saw a rise of 8.9%. In the current fiscal year, industry experts forecast that TTEC will generate $3.27 per share earnings.
In addition, the corporation announced the payment of a semi-annual dividend on October 26th, and it was paid. On Wednesday, October 12th, dividends of $0.52 per share were distributed to shareholders of record on Tuesday, October 11th. The date that the dividend was not included in the price was Friday, October 7th. This corresponds to a dividend yield of 2.2 percent. TTEC has boosted its semi-annual dividend, which was previously paid out at $0.50 per share. TTEC has a dividend payout ratio (DPR) at 48.37%.
Recently, several significant institutional investors adjusted their positions in the stock:
The Bank of America Corp. (DE) invested 151.2% more money into TTEC during the first quarter than previously. As a result of the acquisition of an additional 271,766 shares during the most recent quarter, Bank of America Corp. (DE) now has a total of 451,451 shares of the business services provider’s stock. The current market value of these shares is $37,253,000.
Royce & Associates LP invested about $10,400,000 to acquire a new position in TTEC during the year’s first quarter.
Thrivent Financial for Lutherans grew its holdings in TTEC by 21.9% during the second quarter of the fiscal year. Thrivent Financial for Lutherans now owns a total of 655,599 shares of the business services provider’s stock, which has a value of $44,509,000. This follows the acquisition of an additional 117,596 shares during the most recent quarter.
BlackRock Inc. raised its ownership of TTEC by 3.4% over the year’s first three months.
BlackRock Inc. now has 2,930,567 shares of the business services provider’s stock, valued at $241,829,000 after the company made a new purchase of 95,573 shares during the most recent quarter. Finally, over the first three months of the year, Pembroke Management Ltd. boosted the percentage of TTEC stock it owns by 26.2%. Pembroke Management LTD now has a total of 456,893 shares of the business services provider’s stock, valued at $37,703,000 after the company made a new purchase of 94,795 shares during the most recent quarter. The company’s stock is owned by institutional investors and hedge funds to 38.19% of the total.
TTEC Holdings, Inc. is a customer experience technology and services company that designs, creates, orchestrates, and delivers digitally enabled customer experiences for various brands. These services are provided on behalf of TTEC’s clients. The company operates in two distinct business segments: TTEC Digital and TTEC Engage. TTEC Digital creates robust digital experiences for clients and their customers by contextually integrating and orchestrating customer relationship management, data analytics, customer experience as a service technology, and intelligent automation to guarantee positive customer experience (CX) outcomes. TTEC Digital’s clients include businesses in various industries, including retail, financial services, healthcare, and government.

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