TTEC Holdings Inc (TTEC) Receives Average Rating of “Hold” from Analysts
TTEC Holdings Inc (NASDAQ:TTEC) has been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Brokers have set a one year consensus target price of $30.00 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given TTEC an industry rank of 163 out of 255 based on the ratings given to related companies.
A number of analysts recently issued reports on TTEC shares. BidaskClub cut TTEC from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Zacks Investment Research cut TTEC from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. Finally, ValuEngine raised TTEC from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th.
TTEC (NASDAQ:TTEC) last posted its earnings results on Tuesday, August 7th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.06). TTEC had a positive return on equity of 21.80% and a negative net margin of 1.10%. The business had revenue of $349.85 million for the quarter, compared to the consensus estimate of $345.73 million. Equities research analysts expect that TTEC will post 1.61 earnings per share for the current year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, October 19th. Investors of record on Tuesday, October 9th will be paid a dividend of $0.28 per share. This represents a yield of 2.16%. This is a boost from TTEC’s previous semiannual dividend of $0.27. The ex-dividend date is Friday, October 5th. TTEC’s dividend payout ratio is presently 31.11%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew 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 acquiring an additional 171,139 shares in the last quarter. Boston Partners grew 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 acquiring an additional 40,338 shares in the last quarter. Northern Trust Corp grew its stake in shares of TTEC by 18.7% during the 2nd quarter. Northern Trust Corp now owns 336,970 shares of the business services provider’s stock worth $11,642,000 after acquiring an additional 53,144 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of TTEC during the 2nd quarter worth approximately $9,166,000. Finally, Millennium Management LLC bought a new position in shares of TTEC during the 1st quarter worth approximately $5,052,000. 24.70% of the stock is owned by institutional investors and hedge funds.
TTEC Company Profile
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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