TTEC (TTEC) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of TTEC (NASDAQ:TTEC) from a hold rating to a buy rating in a research note issued to investors on Monday morning, ValuEngine reports.

A number of other brokerages have also commented on TTEC. TheStreet upgraded TTEC from a c rating to a b rating in a report on Wednesday, March 20th. BidaskClub raised TTEC from a buy rating to a strong-buy rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research downgraded TTEC from a hold rating to a strong sell rating in a research report on Wednesday, March 13th.

Shares of TTEC stock opened at $35.78 on Monday. The stock has a market capitalization of $1.67 billion, a PE ratio of 24.01, a PEG ratio of 2.74 and a beta of 0.78. TTEC has a one year low of $23.01 and a one year high of $37.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.24 and a current ratio of 2.24.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.13). The firm had revenue of $419.13 million during the quarter, compared to the consensus estimate of $410.19 million. TTEC had a net margin of 2.37% and a return on equity of 20.37%. Analysts predict that TTEC will post 1.65 earnings per share for the current fiscal year.

The business also recently announced a semiannual dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, March 28th will be given a $0.30 dividend. The ex-dividend date is Wednesday, March 27th. This represents a dividend yield of 1.69%. This is an increase from TTEC’s previous semiannual dividend of $0.28. TTEC’s payout ratio is currently 40.27%.

In related news, Director Gregory A. Conley sold 1,500 shares of TTEC stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.67, for a total value of $52,005.00. Following the sale, the director now owns 10,286 shares of the company’s stock, valued at $356,615.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 69.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund boosted its holdings in shares of TTEC by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 9,068 shares of the business services provider’s stock worth $259,000 after acquiring an additional 353 shares during the period. Barclays PLC boosted its stake in shares of TTEC by 4.8% in the fourth quarter. Barclays PLC now owns 17,493 shares of the business services provider’s stock valued at $500,000 after buying an additional 806 shares during the period. Legal & General Group Plc boosted its stake in shares of TTEC by 2.5% in the fourth quarter. Legal & General Group Plc now owns 35,084 shares of the business services provider’s stock valued at $992,000 after buying an additional 847 shares during the period. Bank of Montreal Can boosted its stake in shares of TTEC by 88.7% in the fourth quarter. Bank of Montreal Can now owns 2,155 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,013 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of TTEC by 6.2% in the fourth quarter. Arizona State Retirement System now owns 21,341 shares of the business services provider’s stock valued at $610,000 after buying an additional 1,247 shares during the period. 26.86% of the stock is currently owned by hedge funds and other institutional investors.

About TTEC

TTEC Holdings, Inc designs, builds, and operates omni-channel customer experiences. It operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS). The CMS segment offers customer experience delivery solutions, which integrate technology with customer experience professionals to optimize the customer experience across various channels and stages of the customer lifecycle from an onshore, offshore, or work-from-home environments.

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