StockNews.com Lowers TTEC (NASDAQ:TTEC) to Sell

StockNews.com lowered shares of TTEC (NASDAQ:TTEC) from a hold rating to a sell rating in a research report report published on Friday.

TTEC has been the topic of several other research reports. Northland Securities lowered their price objective on shares of TTEC from $19.00 to $16.00 and set an outperform rating on the stock in a research report on Tuesday, August 13th. Canaccord Genuity Group cut their price target on shares of TTEC from $8.00 to $4.50 and set a hold rating on the stock in a report on Tuesday, August 13th. Finally, Craig Hallum dropped their target price on shares of TTEC from $18.00 to $13.00 and set a buy rating for the company in a research report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $11.90.

TTEC Stock Down 5.1 %

TTEC stock opened at $4.45 on Friday. TTEC has a twelve month low of $3.71 and a twelve month high of $28.48. The firm has a 50 day moving average price of $5.84 and a 200-day moving average price of $7.85. The company has a market capitalization of $211.63 million, a P/E ratio of -17.12, a P/E/G ratio of 2.70 and a beta of 1.04. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 3.06.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.14). The business had revenue of $534.09 million for the quarter, compared to analysts’ expectations of $554.67 million. TTEC had a negative net margin of 13.39% and a positive return on equity of 7.38%. As a group, equities analysts predict that TTEC will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TTEC. Quadrant Capital Group LLC boosted its holdings in shares of TTEC by 128.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,854 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,607 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in TTEC in the 2nd quarter worth approximately $72,000. Nisa Investment Advisors LLC boosted its stake in TTEC by 280.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,309 shares of the business services provider’s stock worth $78,000 after purchasing an additional 9,809 shares in the last quarter. Magnetar Financial LLC acquired a new stake in TTEC during the 2nd quarter valued at approximately $80,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in TTEC during the 1st quarter valued at approximately $86,000. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TTEC Company Profile

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.