Craig Hallum Increases TTEC (NASDAQ:TTEC) Price Target to $60.00

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TTEC (NASDAQ:TTEC) had its price objective raised by Craig Hallum from $50.00 to $60.00 in a research note published on Monday, The Fly reports. Craig Hallum currently has a buy rating on the business services provider’s stock.

Other analysts have also issued reports about the stock. TheStreet upgraded shares of TTEC from a c rating to a b rating in a report on Wednesday, March 20th. ValuEngine upgraded shares of TTEC from a hold rating to a buy rating in a report on Monday, April 1st. BidaskClub lowered shares of TTEC from a strong-buy rating to a buy rating in a report on Tuesday, March 5th. Finally, Zacks Investment Research upgraded shares of TTEC from a strong sell rating to a hold rating and set a $43.00 price objective for the company in a report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $51.50.

Shares of TTEC opened at $45.42 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.98. TTEC has a one year low of $23.01 and a one year high of $46.28. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 3.38 and a beta of 0.61.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.16. TTEC had a net margin of 3.29% and a return on equity of 21.29%. The business had revenue of $394.36 million during the quarter, compared to analyst estimates of $382.90 million. Sell-side analysts predict that TTEC will post 1.68 EPS for the current fiscal year.

In other news, Director Gregory A. Conley sold 750 shares of TTEC stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $36.84, for a total transaction of $27,630.00. Following the completion of the transaction, the director now directly owns 9,536 shares in the company, valued at $351,306.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Martin F. Deghetto sold 35,000 shares of TTEC stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $39.00, for a total transaction of $1,365,000.00. Following the transaction, the executive vice president now owns 98,598 shares of the company’s stock, valued at $3,845,322. The disclosure for this sale can be found here. Insiders have sold 61,067 shares of company stock valued at $2,379,993 over the last quarter. Company insiders own 69.45% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings in shares of TTEC by 2.1% during the first quarter. Comerica Bank now owns 13,711 shares of the business services provider’s stock valued at $497,000 after purchasing an additional 286 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of TTEC by 3.8% during the first quarter. Texas Permanent School Fund now owns 9,409 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 341 shares during the last quarter. Investors Research Corp purchased a new position in shares of TTEC during the first quarter valued at approximately $29,000. Barclays PLC lifted its holdings in shares of TTEC by 4.8% during the fourth quarter. Barclays PLC now owns 17,493 shares of the business services provider’s stock valued at $500,000 after purchasing an additional 806 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of TTEC by 2.5% during the fourth quarter. Legal & General Group Plc now owns 35,084 shares of the business services provider’s stock valued at $992,000 after purchasing an additional 847 shares during the last quarter. Hedge funds and other institutional investors own 25.84% of the company’s stock.

TTEC Company Profile

TTEC Holdings, Inc designs and provides customer experience solutions in the United States, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Canada, the United Kingdom, and internationally. It operates in four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS), and Customer Strategy Services (CSS).

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