TTEC (NASDAQ:TTEC) Downgraded by Wall Street Zen to "Hold"

TTEC (NASDAQ:TTEC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

Separately, Canaccord Genuity Group decreased their target price on shares of TTEC from $4.50 to $3.50 and set a "hold" rating for the company in a research note on Monday, March 3rd.

TTEC Stock Performance

Shares of NASDAQ:TTEC traded down $0.21 during trading hours on Friday, hitting $4.70. The stock had a trading volume of 340,724 shares, compared to its average volume of 604,172. The stock's fifty day simple moving average is $4.30 and its 200 day simple moving average is $4.21. TTEC has a 1-year low of $3.11 and a 1-year high of $8.45. The firm has a market capitalization of $224.82 million, a price-to-earnings ratio of -0.67, a PEG ratio of 1.53 and a beta of 1.22. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.93 and a current ratio of 1.93.

TTEC (NASDAQ:TTEC - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The business services provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.09). TTEC had a negative net margin of 14.69% and a positive return on equity of 5.00%. The company had revenue of $567.44 million for the quarter, compared to analyst estimates of $575.73 million. Sell-side analysts anticipate that TTEC will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTEC. Quantbot Technologies LP increased its holdings in shares of TTEC by 140.5% during the 4th quarter. Quantbot Technologies LP now owns 12,883 shares of the business services provider's stock worth $64,000 after purchasing an additional 7,527 shares during the period. Pacific Sun Financial Corp acquired a new stake in shares of TTEC during the 4th quarter valued at about $72,000. JPMorgan Chase & Co. boosted its position in TTEC by 77.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after buying an additional 7,347 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in TTEC in the fourth quarter valued at about $85,000. Finally, Shay Capital LLC acquired a new position in TTEC in the fourth quarter valued at about $86,000. Institutional investors own 38.03% of the company's stock.

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.