TTEC Holdings Inc (NASDAQ:TTEC) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus target price of $35.00 for the company, according to Zacks. Zacks has also given TTEC an industry rank of 94 out of 256 based on the ratings given to its competitors.
Several equities analysts recently weighed in on TTEC shares. Zacks Investment Research downgraded shares of TTEC from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. BidaskClub lowered shares of TTEC from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 31st. Finally, Craig Hallum lifted their price objective on shares of TTEC from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, June 17th.
TTEC (NASDAQ:TTEC) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.23. TTEC had a return on equity of 21.96% and a net margin of 3.60%. The business had revenue of $392.52 million for the quarter, compared to the consensus estimate of $376.80 million.
In other TTEC news, SVP Margaret B. Mclean sold 5,000 shares of TTEC stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $47.44, for a total transaction of $237,200.00. Following the completion of the transaction, the senior vice president now owns 34,841 shares in the company, valued at approximately $1,652,857.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Martin F. Deghetto sold 50,949 shares of TTEC stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $47.52, for a total value of $2,421,096.48. Following the transaction, the executive vice president now owns 70,397 shares of the company’s stock, valued at approximately $3,345,265.44. The disclosure for this sale can be found here. Insiders have sold 87,824 shares of company stock valued at $4,157,200 over the last 90 days. 69.45% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of TTEC by 2.4% during the 2nd quarter. BlackRock Inc. now owns 2,094,970 shares of the business services provider’s stock valued at $97,604,000 after purchasing an additional 49,520 shares in the last quarter. Boston Partners grew its position in shares of TTEC by 2.2% during the 1st quarter. Boston Partners now owns 1,475,820 shares of the business services provider’s stock valued at $53,469,000 after acquiring an additional 31,805 shares during the period. Dimensional Fund Advisors LP grew its position in shares of TTEC by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,456,089 shares of the business services provider’s stock valued at $41,599,000 after acquiring an additional 44,725 shares during the period. Renaissance Technologies LLC increased its stake in shares of TTEC by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 387,900 shares of the business services provider’s stock valued at $18,072,000 after purchasing an additional 4,800 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of TTEC by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 368,188 shares of the business services provider’s stock valued at $17,155,000 after purchasing an additional 24,346 shares in the last quarter. Hedge funds and other institutional investors own 26.43% of the company’s stock.
TTEC Company Profile
TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).
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