TTEC (NASDAQ:TTEC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports. They currently have a $51.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 9.65% from the stock’s previous close.

According to Zacks, “TTEC Holdings Inc. is a customer experience technology and services company. It focuses on the design, implementation and delivery of customer experience. The Company delivers outcome-based customer engagement solutions through TTEC Digital, digital consultancy which designs and builds human centric, tech-enabled, insight-driven customer experience solutions for clients and TTEC Engage, delivery center which operates customer acquisition, care, growth and digital trust and safety services. TTEC Holdings Inc., formerly known as TeleTech Holdings Inc., is based in Englewood, Colorado. “

Several other research firms have also commented on TTEC. Craig Hallum set a $12.00 price objective on shares of Century Casinos and gave the company a “buy” rating in a research report on Monday, June 17th. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. TheStreet raised shares of United States Lime & Minerals from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.50.

TTEC traded up $0.63 during midday trading on Thursday, reaching $46.51. The company’s stock had a trading volume of 1,095 shares, compared to its average volume of 73,296. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 3.40 and a beta of 0.71. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.71 and a quick ratio of 1.71. TTEC has a 1 year low of $23.01 and a 1 year high of $47.46. The company’s 50-day simple moving average is $43.58.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.16. The company had revenue of $394.36 million for the quarter, compared to the consensus estimate of $382.90 million. TTEC had a net margin of 3.29% and a return on equity of 21.29%. Sell-side analysts anticipate that TTEC will post 1.68 earnings per share for the current year.

In other TTEC news, EVP Martin F. Deghetto sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $39.00, for a total value of $1,365,000.00. Following the transaction, the executive vice president now directly owns 98,598 shares in the company, valued at $3,845,322. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Martin F. Deghetto sold 25,317 shares of the 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 completion of the transaction, the executive vice president now owns 98,598 shares in the company, valued at $3,845,322. The disclosure for this sale can be found here. Insiders sold 61,067 shares of company stock worth $2,379,993 in the last ninety days. 69.45% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in 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 acquiring an additional 10,332 shares during the period. Boston Partners grew its holdings in shares of TTEC by 2.2% during the 1st quarter. Boston Partners now owns 1,475,820 shares of the business services provider’s stock worth $53,469,000 after purchasing an additional 31,805 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of TTEC by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,456,089 shares of the business services provider’s stock worth $41,599,000 after purchasing an additional 44,725 shares during the period. Norges Bank acquired a new position in TTEC during the 4th quarter worth approximately $13,476,000. Finally, Segall Bryant & Hamill LLC lifted its position in TTEC by 0.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 369,769 shares of the business services provider’s stock worth $10,564,000 after acquiring an additional 1,634 shares in the last quarter. 25.85% of the stock is owned by hedge funds and other institutional investors.

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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