TTEC Holdings Inc (NASDAQ:TTEC) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.90 and last traded at $24.20, with a volume of 1357 shares changing hands. The stock had previously closed at $24.25.

TTEC has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Saturday, August 11th. BidaskClub cut shares of TTEC from a “sell” rating to a “strong sell” rating in a report on Saturday, July 21st. Finally, ValuEngine cut shares of TTEC from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Three investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. TTEC currently has an average rating of “Sell” and a consensus target price of $41.00.

The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.87. The firm has a market cap of $1.12 billion, a PE ratio of 13.44, a PEG ratio of 1.89 and a beta of 0.80.

TTEC (NASDAQ:TTEC) last issued its earnings results on Tuesday, August 7th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.06). TTEC had a negative net margin of 1.10% and a positive return on equity of 21.80%. The company had revenue of $349.85 million during the quarter, compared to analysts’ expectations of $345.73 million. analysts predict that TTEC Holdings Inc will post 1.61 EPS for the current fiscal year.

In other TTEC news, SVP Margaret B. Mclean sold 5,000 shares of the stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 22,045 shares of the company’s stock, valued at $821,176.25. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 70.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of TTEC by 9.0% during the 2nd quarter. BlackRock Inc. now owns 2,067,328 shares of the business services provider’s stock worth $71,427,000 after purchasing an additional 171,139 shares in the last quarter. Boston Partners increased its stake in shares of TTEC by 3.0% during the 2nd quarter. Boston Partners now owns 1,398,100 shares of the business services provider’s stock worth $48,304,000 after purchasing an additional 40,338 shares in the last quarter. Northern Trust Corp increased its stake in shares of TTEC by 36.2% during the 1st quarter. Northern Trust Corp now owns 283,826 shares of the business services provider’s stock worth $8,713,000 after purchasing an additional 75,393 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of TTEC during the 2nd quarter worth approximately $9,166,000. Finally, Millennium Management LLC purchased a new position in shares of TTEC during the 1st quarter worth approximately $5,052,000. 24.71% of the stock is owned by institutional investors and hedge funds.

TTEC Company Profile (NASDAQ: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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