TTEC Holdings, Inc. (NASDAQ:TTEC) Short Interest Update

TTEC Holdings, Inc. (NASDAQ:TTEC - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,210,000 shares, an increase of 66.3% from the March 31st total of 1,930,000 shares. Based on an average daily volume of 362,300 shares, the days-to-cover ratio is presently 8.9 days. Currently, 16.8% of the company's stock are short sold.

TTEC Stock Down 0.5 %

TTEC stock traded down $0.04 during midday trading on Friday, reaching $7.72. The stock had a trading volume of 209,966 shares, compared to its average volume of 388,381. The firm's fifty day simple moving average is $11.26 and its 200-day simple moving average is $17.18. TTEC has a 1-year low of $7.66 and a 1-year high of $36.70. The stock has a market capitalization of $366.31 million, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 0.84 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.69 and a current ratio of 1.69.

TTEC (NASDAQ:TTEC - Get Free Report) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.04). TTEC had a net margin of 0.34% and a return on equity of 13.74%. The firm had revenue of $626.18 million during the quarter, compared to analyst estimates of $602.98 million. As a group, analysts expect that TTEC will post 1.16 EPS for the current fiscal year.

TTEC Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 3rd will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a yield of 4.6%. TTEC's dividend payout ratio is 66.67%.

Analysts Set New Price Targets

A number of research firms have recently commented on TTEC. Canaccord Genuity Group reaffirmed a "hold" rating and set a $13.00 price target (down previously from $30.00) on shares of TTEC in a research report on Wednesday, March 6th. Barrington Research lowered TTEC from an "outperform" rating to a "market perform" rating in a research report on Monday, March 4th. Canaccord Genuity Group lowered TTEC from a "buy" rating to a "hold" rating in a research report on Wednesday, March 6th. Finally, Guggenheim assumed coverage on TTEC in a research report on Tuesday, March 19th. They set a "sell" rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $22.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in TTEC by 0.7% in the third quarter. Vanguard Group Inc. now owns 2,359,592 shares of the business services provider's stock valued at $61,869,000 after purchasing an additional 16,913 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in TTEC by 123.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 502,505 shares of the business services provider's stock valued at $10,889,000 after purchasing an additional 277,860 shares in the last quarter. Bank of New York Mellon Corp grew its stake in TTEC by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 345,718 shares of the business services provider's stock valued at $9,065,000 after purchasing an additional 2,989 shares in the last quarter. Victory Capital Management Inc. grew its stake in TTEC by 18.7% in the third quarter. Victory Capital Management Inc. now owns 299,415 shares of the business services provider's stock valued at $7,851,000 after purchasing an additional 47,196 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in TTEC by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 281,971 shares of the business services provider's stock valued at $6,110,000 after purchasing an additional 35,546 shares in the last quarter. 38.03% of the stock is currently owned by institutional investors.

About TTEC

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.