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

Shares of TTEC Holdings, Inc. (NASDAQ:TTEC) have received an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.90.

TTEC has been the subject of a number of recent analyst reports. StockNews.com cut TTEC from a “hold” rating to a “sell” rating in a research report on Friday, November 15th. Guggenheim upgraded shares of TTEC from a “sell” rating to a “neutral” rating in a report on Tuesday, October 1st.

TTEC Stock Up 1.7 %

TTEC stock opened at $4.77 on Thursday. TTEC has a fifty-two week low of $3.67 and a fifty-two week high of $22.66. The firm has a market capitalization of $227.67 million, a PE ratio of -0.68, a P/E/G ratio of 3.36 and a beta of 1.05. The company’s 50-day moving average is $5.11 and its 200-day moving average is $5.46. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.93 and a quick ratio of 1.93.

Hedge Funds Weigh In On TTEC

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. raised its stake in TTEC by 324.2% in the 2nd quarter. Federated Hermes Inc. now owns 1,180,409 shares of the business services provider’s stock worth $6,941,000 after purchasing an additional 902,159 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of TTEC by 227.2% during the second quarter. AQR Capital Management LLC now owns 630,908 shares of the business services provider’s stock worth $3,710,000 after purchasing an additional 438,072 shares during the period. Royce & Associates LP raised its position in shares of TTEC by 77.6% in the third quarter. Royce & Associates LP now owns 788,622 shares of the business services provider’s stock valued at $4,629,000 after buying an additional 344,496 shares in the last quarter. Walleye Capital LLC grew its position in TTEC by 44.3% during the third quarter. Walleye Capital LLC now owns 441,151 shares of the business services provider’s stock worth $2,590,000 after buying an additional 135,355 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in TTEC during the 2nd quarter worth $413,000. 38.03% of the stock is currently owned by institutional investors and hedge funds.

About TTEC

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.