TTEC (TTEC) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of TTEC (NASDAQ:TTEC) from a hold rating to a buy rating in a research note issued to investors on Monday, April 1st, ValuEngine reports.

Other research analysts also recently issued research reports about the company. TheStreet raised TTEC from a c rating to a b rating in a research note on Wednesday, March 20th. BidaskClub cut TTEC from a strong-buy rating to a buy rating in a report on Tuesday, March 5th. Finally, Zacks Investment Research cut TTEC from a hold rating to a sell rating in a report on Thursday, January 10th.

NASDAQ TTEC traded up $0.34 during trading on Monday, hitting $35.27. 37,400 shares of the company’s stock were exchanged, compared to its average volume of 55,213. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.73 and a beta of 0.78. TTEC has a fifty-two week low of $23.01 and a fifty-two week high of $37.55.

TTEC (NASDAQ:TTEC) last issued its earnings results on Wednesday, March 6th. The business services provider reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.13). TTEC had a return on equity of 20.37% and a net margin of 2.37%. The business had revenue of $419.13 million for the quarter, compared to analyst estimates of $410.19 million. On average, sell-side analysts predict that TTEC will post 1.65 earnings per share for the current year.

The company also recently announced a semiannual dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, March 28th were issued a $0.30 dividend. This is a boost from TTEC’s previous semiannual dividend of $0.28. This represents a dividend yield of 1.69%. The ex-dividend date of this dividend was Wednesday, March 27th. TTEC’s dividend payout ratio (DPR) is currently 40.27%.

In other TTEC news, Director Gregory A. Conley sold 1,500 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.67, for a total transaction of $52,005.00. Following the transaction, the director now directly owns 10,286 shares in the company, valued at approximately $356,615.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 69.45% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of TTEC by 0.5% during the 4th quarter. BlackRock Inc. now owns 2,059,908 shares of the business services provider’s stock valued at $58,852,000 after purchasing an additional 10,332 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in TTEC by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,456,089 shares of the business services provider’s stock worth $41,599,000 after acquiring an additional 44,725 shares during the last quarter. Boston Partners increased its holdings in TTEC by 6.3% in the 4th quarter. Boston Partners now owns 1,444,015 shares of the business services provider’s stock worth $41,255,000 after acquiring an additional 85,541 shares during the last quarter. Norges Bank purchased a new stake in TTEC in the 4th quarter worth about $13,476,000. Finally, Segall Bryant & Hamill LLC increased its holdings in TTEC by 0.4% in the 4th quarter. Segall Bryant & Hamill LLC now owns 369,769 shares of the business services provider’s stock worth $10,564,000 after acquiring an additional 1,634 shares during the last quarter. 26.86% of the stock is owned by hedge funds and other institutional investors.

TTEC Company Profile

TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.

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