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. “
Zacks Investment Research downgraded shares of TTEC (NASDAQ:TTEC) from a hold rating to a strong sell rating in a research note released on Wednesday.
Separately, BidaskClub cut shares of TTEC from a strong-buy rating to a buy rating in a research note on Tuesday, March 5th.
Shares of TTEC stock opened at $34.78 on Wednesday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 23.34, a PEG ratio of 2.62 and a beta of 0.78. TTEC has a 1 year low of $23.01 and a 1 year high of $37.55. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.80.
TTEC (NASDAQ:TTEC) last announced its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 20.37% and a net margin of 2.37%. As a group, analysts expect 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. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, March 27th. This represents a yield of 1.69%. This is a boost from TTEC’s previous semiannual dividend of $0.28. TTEC’s dividend payout ratio is currently 37.58%.
In other TTEC news, Director Gregory A. Conley sold 1,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.67, for a total transaction of $52,005.00. Following the transaction, the director now owns 10,286 shares in the company, valued at approximately $356,615.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 69.60% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TTEC. Norges Bank bought a new position in TTEC during the 4th quarter valued at about $13,476,000. Intrinsic Edge Capital Management LLC bought a new position in TTEC during the 4th quarter valued at about $4,594,000. Boston Partners lifted its stake in TTEC by 6.3% during the 4th quarter. Boston Partners now owns 1,444,015 shares of the business services provider’s stock valued at $41,255,000 after acquiring an additional 85,541 shares during the period. River Road Asset Management LLC lifted its stake in TTEC by 90.8% during the 4th quarter. River Road Asset Management LLC now owns 171,647 shares of the business services provider’s stock valued at $4,904,000 after acquiring an additional 81,669 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in TTEC by 211.0% during the 3rd quarter. Wells Fargo & Company MN now owns 68,126 shares of the business services provider’s stock valued at $1,765,000 after acquiring an additional 46,220 shares during the period. Institutional investors and hedge funds own 25.85% of the company’s stock.
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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