Shares of TTEC Holdings Inc (NASDAQ:TTEC) have been assigned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation. TTEC’s rating score has declined by 28.8% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a one year consensus price target of $41.00 for the company and are expecting that the company will post $0.60 earnings per share for the current quarter, according to Zacks. Zacks has also given TTEC an industry rank of 89 out of 265 based on the ratings given to its competitors.
A number of brokerages have recently weighed in on TTEC. Zacks Investment Research lowered TTEC from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine lowered TTEC from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub upgraded TTEC from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st.
TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.38. The company had revenue of $359.04 million during the quarter, compared to analysts’ expectations of $348.94 million. TTEC had a return on equity of 19.24% and a net margin of 3.45%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. equities analysts forecast that TTEC will post 1.75 EPS for the current year.
In other news, SVP Steven C. Pollema sold 9,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 70.00% of the company’s stock.
Several large investors have recently made changes to their positions in TTEC. Boston Partners increased its stake in shares of TTEC by 9.4% in the fourth quarter. Boston Partners now owns 1,409,532 shares of the business services provider’s stock valued at $56,733,000 after buying an additional 120,797 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of TTEC by 146.9% in the second quarter. Goldman Sachs Group Inc. now owns 127,711 shares of the business services provider’s stock valued at $5,211,000 after buying an additional 75,993 shares in the last quarter. Vanguard Group Inc. increased its position in TTEC by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,083,206 shares of the business services provider’s stock worth $84,995,000 after purchasing an additional 57,907 shares during the period. BlackRock Inc. increased its position in TTEC by 2.9% in the fourth quarter. BlackRock Inc. now owns 1,878,590 shares of the business services provider’s stock worth $75,612,000 after purchasing an additional 52,906 shares during the period. Finally, First Trust Advisors LP increased its position in TTEC by 621.5% in the fourth quarter. First Trust Advisors LP now owns 54,817 shares of the business services provider’s stock worth $2,206,000 after purchasing an additional 47,219 shares during the period. Institutional investors own 24.62% of the company’s stock.
TTEC Company Profile
TTEC Holdings, Inc, formerly TeleTech Holdings, Inc, is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
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