TTEC (TTEC) Upgraded to B by TheStreet

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TheStreet upgraded shares of TTEC (NASDAQ:TTEC) from a c rating to a b rating in a report released on Wednesday.

TTEC has been the topic of a number of other reports. BidaskClub raised TTEC from a buy rating to a strong-buy rating in a research note on Friday, February 22nd. Zacks Investment Research cut TTEC from a hold rating to a strong sell rating in a research note on Wednesday, March 13th.

Shares of NASDAQ TTEC traded down $0.03 during trading hours on Wednesday, reaching $36.23. 6,514 shares of the stock traded hands, compared to its average volume of 61,399. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 2.66 and a beta of 0.78. 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 has a 52-week low of $23.01 and a 52-week high of $37.55.

TTEC (NASDAQ:TTEC) last announced its quarterly earnings data on Wednesday, March 6th. The business services provider reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.13). The firm had revenue of $419.13 million for the quarter, compared to analysts’ expectations of $410.19 million. TTEC had a net margin of 2.37% and a return on equity of 20.37%. On average, analysts forecast that TTEC will post 1.65 EPS for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, March 28th will be paid a $0.30 dividend. This is a boost from TTEC’s previous semiannual dividend of $0.28. This represents a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, March 27th. TTEC’s payout ratio is 37.58%.

In other TTEC news, Director Gregory A. Conley sold 1,500 shares of TTEC stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.67, for a total value of $52,005.00. Following the transaction, the director now directly owns 10,286 shares of the company’s stock, valued at approximately $356,615.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 69.60% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Texas Permanent School Fund increased its stake in TTEC by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 9,068 shares of the business services provider’s stock worth $259,000 after purchasing an additional 353 shares during the period. Barclays PLC increased its stake in TTEC by 4.8% in the 4th quarter. Barclays PLC now owns 17,493 shares of the business services provider’s stock worth $500,000 after purchasing an additional 806 shares during the period. Legal & General Group Plc increased its stake in TTEC by 2.5% in the 4th quarter. Legal & General Group Plc now owns 35,084 shares of the business services provider’s stock worth $992,000 after purchasing an additional 847 shares during the period. Bank of Montreal Can increased its stake in TTEC by 88.7% in the 4th quarter. Bank of Montreal Can now owns 2,155 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,013 shares during the period. Finally, Arizona State Retirement System increased its stake in TTEC by 6.2% in the 4th quarter. Arizona State Retirement System now owns 21,341 shares of the business services provider’s stock worth $610,000 after purchasing an additional 1,247 shares during the period. 25.72% of the stock is currently 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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