TTEC Holdings Inc (NASDAQ:TTEC) EVP Martin F. Deghetto sold 25,317 shares of TTEC stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $39.00, for a total transaction of $987,363.00. Following the transaction, the executive vice president now directly owns 98,598 shares of the company’s stock, valued at $3,845,322. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of TTEC stock opened at $42.30 on Thursday. TTEC Holdings Inc has a twelve month low of $23.01 and a twelve month high of $42.30. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 28.39, a P/E/G ratio of 2.96 and a beta of 0.61. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.98.
TTEC (NASDAQ:TTEC) last posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.35 by $0.16. The business had revenue of $394.36 million during the quarter, compared to analysts’ expectations of $382.90 million. TTEC had a return on equity of 21.29% and a net margin of 3.29%. On average, equities analysts expect that TTEC Holdings Inc will post 1.68 EPS for the current year.
Several brokerages have issued reports on TTEC. BidaskClub cut shares of TTEC from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Zacks Investment Research raised shares of TTEC from a “strong sell” rating to a “hold” rating and set a $43.00 price target on the stock in a research report on Wednesday, May 8th. ValuEngine raised shares of TTEC from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. TheStreet upgraded TTEC from a “c” rating to a “b” rating in a report on Wednesday, March 20th. Finally, Craig Hallum reissued a “buy” rating and set a $50.00 target price (up previously from $42.00) on shares of TTEC in a research note on Thursday, May 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $46.50.
Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of TTEC by 0.5% in the fourth 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 in the last quarter. River Road Asset Management LLC grew its stake in shares of TTEC by 90.8% in the 4th quarter. River Road Asset Management LLC now owns 171,647 shares of the business services provider’s stock worth $4,904,000 after buying an additional 81,669 shares in the last quarter. Barclays PLC boosted its stake in shares of TTEC by 4.8% during the 4th quarter. Barclays PLC now owns 17,493 shares of the business services provider’s stock worth $500,000 after purchasing an additional 806 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of TTEC by 513.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,216 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 2,692 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of TTEC by 2.5% during the 4th quarter. Legal & General Group Plc now owns 35,084 shares of the business services provider’s stock worth $992,000 after acquiring an additional 847 shares in the last quarter. 25.86% of the stock is owned by institutional investors and hedge funds.
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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