BidaskClub upgraded shares of TTEC (NASDAQ:TTEC) from a buy rating to a strong-buy rating in a report released on Thursday, BidAskClub reports.

Several other equities research analysts have also issued reports on TTEC. Zacks Investment Research lowered shares of TTEC from a buy rating to a hold rating in a research note on Saturday, July 27th. Craig Hallum lifted their price target on shares of TTEC from $50.00 to $60.00 and gave the company a buy rating in a research note on Monday, June 17th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $56.50.

Shares of TTEC stock opened at $49.59 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.89. TTEC has a 1 year low of $23.01 and a 1 year high of $50.45. The firm’s fifty day moving average price is $46.85 and its two-hundred day moving average price is $41.36. The firm has a market capitalization of $2.32 billion, a P/E ratio of 33.28 and a beta of 0.72.

TTEC (NASDAQ:TTEC) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.23. TTEC had a net margin of 3.60% and a return on equity of 21.96%. The firm had revenue of $392.52 million for the quarter, compared to analyst estimates of $376.80 million.

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid a $0.32 dividend. This is a positive change from TTEC’s previous Semi-Annual dividend of $0.25. This represents a yield of 1.2%. The ex-dividend date is Friday, September 27th. TTEC’s payout ratio is presently 40.27%.

In other news, EVP Martin F. Deghetto sold 5,926 shares of TTEC stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $47.00, for a total value of $278,522.00. Following the completion of the transaction, the executive vice president now owns 96,346 shares of the company’s stock, valued at approximately $4,528,262. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Margaret B. Mclean sold 5,000 shares of TTEC stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $47.44, for a total transaction of $237,200.00. Following the completion of the transaction, the senior vice president now directly owns 34,841 shares of the company’s stock, valued at approximately $1,652,857.04. The disclosure for this sale can be found here. Insiders sold a total of 87,824 shares of company stock worth $4,157,200 over the last quarter. Company insiders own 69.45% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TTEC. Dimensional Fund Advisors LP grew its position in shares of TTEC by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,456,089 shares of the business services provider’s stock valued at $41,599,000 after acquiring an additional 44,725 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of TTEC by 513.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,216 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 2,692 shares during the period. SG Americas Securities LLC bought a new position in shares of TTEC in the 1st quarter valued at about $231,000. Comerica Bank grew its position in shares of TTEC by 2.1% in the 1st quarter. Comerica Bank now owns 13,711 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 286 shares during the period. Finally, Texas Permanent School Fund grew its position in shares of TTEC by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 9,409 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 341 shares during the period. 26.36% of the stock is owned by institutional investors.

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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