TTEC Upgraded to Hold by StockNews.com

TTEC (NASDAQ:TTEC) recently received an upgrade from StockNews.com, which raised its rating from "sell" to "hold" in a research note released on Friday.

TTEC Stock Performance

During midday trading on Friday, TTEC's stock saw a slight increase of 1.1%, or $0.04, leading to a share price of $3.55. The trading volume reached 256,749 shares, which is a bit lower than its average trading volume of 271,158 shares. The company has a notable debt-to-equity ratio of 3.47 and displays solid liquidity with a current ratio and quick ratio both standing at 1.93. In terms of price performance over the last year, TTEC's stock has fluctuated between a low of $3.37 and a high of $19.74. Its fifty-day moving average is $4.31, while the 200-day moving average sits at $4.83. The market capitalization of TTEC is approximately $169.44 million, with a price-to-earnings (PE) ratio of -0.51 and a price-to-earnings growth (PEG) ratio of 1.40. Additionally, the stock has a beta value of 1.04, indicating that it moves with the market.

Institutional Investments in TTEC

Several institutional investors have made notable moves regarding TTEC’s stock recently. For example, XTX Topco Ltd has established a new position in TTEC, valued at about $59,000, during the third quarter. GAMMA Investing LLC significantly increased its holdings by 1,054.6% in the fourth quarter, now owning 12,828 shares worth $64,000 after adding 11,717 shares. Similarly, Quantbot Technologies LP raised its stake in TTEC by 140.5% in the same quarter, resulting in 12,883 shares valued at $64,000 after an additional purchase of 7,527 shares. Pacific Sun Financial Corp also acquired a new position valued at around $72,000. Lastly, JPMorgan Chase & Co. increased its stake by 77.0%, now holding 16,892 shares worth $84,000 after buying an additional 7,347 shares. About 38.03% of TTEC's shares are owned by institutional investors and hedge funds.

About TTEC

TTEC Holdings, Inc. functions as a customer experience (CX) company that focuses on designing and operating technology-driven customer experiences across various digital and live interaction channels. The company operates through two primary segments: TTEC Digital and TTEC Engage. The TTEC Digital segment is dedicated to providing CX technologies, including contact center services, customer relationship management (CRM), artificial intelligence (AI), and analytics. It also develops and implements strategic transformation roadmaps for customer experience, and offers managed services for cloud and premise-based technologies. Moreover, TTEC creates proprietary intellectual property to meet industry-specific and customized client demands and provides CX consulting services.

Further Considerations

Before making any investment decisions, it may be worth noting that while TTEC has recently shifted to a "hold" rating from analysts, other investment opportunities may be more favorable at this time. It's suggested for investors to consider a range of stocks before deciding.

TTEC, Stocks, Analysis