Zacks Investment Research downgraded shares of TTEC (NASDAQ:TTEC) from a buy rating to a hold rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “TTEC Holdings Inc. is a customer experience technology and services company. It focuses on the design, implementation and delivery of customer experience. The Company delivers outcome-based customer engagement solutions through TTEC Digital, digital consultancy which designs and builds human centric, tech-enabled, insight-driven customer experience solutions for clients and TTEC Engage, delivery center which operates customer acquisition, care, growth and digital trust and safety services. TTEC Holdings Inc., formerly known as TeleTech Holdings Inc., is based in Englewood, Colorado. “

TTEC has been the topic of a number of other reports. BidaskClub lowered YY from a sell rating to a strong sell rating in a research note on Tuesday, July 23rd. Craig Hallum set a $12.00 price target on Century Casinos and gave the company a buy rating in a research note on Monday, June 17th. Finally, ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. 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. TTEC has an average rating of Buy and a consensus price target of $56.50.

NASDAQ:TTEC traded up $0.80 during trading hours on Friday, hitting $47.96. The company’s stock had a trading volume of 48,268 shares, compared to its average volume of 80,316. The stock has a fifty day simple moving average of $45.03. The stock has a market capitalization of $2.22 billion, a P/E ratio of 32.19, a P/E/G ratio of 3.57 and a beta of 0.71. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.71 and a quick ratio of 1.71. TTEC has a twelve month low of $23.01 and a twelve month high of $48.19.

TTEC (NASDAQ:TTEC) last released its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.16. The business had revenue of $394.36 million for the quarter, compared to analyst estimates of $382.90 million. TTEC had a return on equity of 21.29% and a net margin of 3.29%. Equities research analysts forecast 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 dated Wednesday, May 15th. The stock was sold at an average price of $36.84, for a total transaction of $27,630.00. Following the sale, the director now directly owns 9,536 shares of the company’s stock, valued at $351,306.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Martin F. Deghetto sold 25,317 shares of TTEC stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $39.00, for a total value of $987,363.00. Following the sale, the executive vice president now directly owns 98,598 shares in the company, valued at $3,845,322. The disclosure for this sale can be found here. Insiders have sold 61,067 shares of company stock worth $2,379,993 over the last three months. Insiders own 69.45% of the company’s stock.

Several institutional investors have recently bought and sold shares of TTEC. Norges Bank acquired a new position in shares of TTEC in the fourth quarter worth approximately $13,476,000. Dimensional Fund Advisors LP lifted its stake in shares of TTEC by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,456,089 shares of the business services provider’s stock worth $41,599,000 after acquiring an additional 44,725 shares during the period. IndexIQ Advisors LLC acquired a new position in shares of TTEC in the first quarter worth approximately $1,549,000. Boston Partners lifted its stake in shares of TTEC by 2.2% in the first quarter. Boston Partners now owns 1,475,820 shares of the business services provider’s stock worth $53,469,000 after acquiring an additional 31,805 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of TTEC by 9.8% in the fourth quarter. Bank of New York Mellon Corp now owns 345,022 shares of the business services provider’s stock worth $9,858,000 after acquiring an additional 30,684 shares during the period. 25.84% of the stock is currently owned by institutional investors.

About TTEC

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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