Fintel reports that on November 10, 2023, Barrington Research upgraded their outlook for TTEC Holdings (NASDAQ:TTEC) from Market Perform to Outperform .
Analyst Price Forecast Suggests 170.49% Upside
As of November 1, 2023, the average one-year price target for TTEC Holdings is 41.41. The forecasts range from a low of 25.25 to a high of $52.50. The average price target represents an increase of 170.49% from its latest reported closing price of 15.31.
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The projected annual revenue for TTEC Holdings is 2,578MM, an increase of 3.33%. The projected annual non-GAAP EPS is 3.89.
TTEC Holdings Declares $0.52 Dividend
On September 28, 2023 the company declared a regular semi-annual dividend of $0.52 per share ($1.04 annualized). Shareholders of record as of October 16, 2023 received the payment on October 31, 2023. Previously, the company paid $0.52 per share.
At the current share price of $15.31 / share, the stock's dividend yield is 6.79%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.72%, the lowest has been 0.77%, and the highest has been 5.11%. The standard deviation of yields is 0.83 (n=235).
The current dividend yield is 6.12 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.30%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 456 funds or institutions reporting positions in TTEC Holdings. This is a decrease of 23 owner(s) or 4.80% in the last quarter. Average portfolio weight of all funds dedicated to TTEC is 0.08%, a decrease of 14.77%. Total shares owned by institutions increased in the last three months by 2.55% to 20,685K shares. 
The put/call ratio of TTEC is 0.29, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 1,332K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 1,374K shares, representing a decrease of 3.11%. The firm decreased its portfolio allocation in TTEC by 14.63% over the last quarter.
Copeland Capital Management holds 1,182K shares representing 2.49% ownership of the company. In it's prior filing, the firm reported owning 1,197K shares, representing a decrease of 1.31%. The firm decreased its portfolio allocation in TTEC by 20.32% over the last quarter.
Envestnet Asset Management holds 807K shares representing 1.70% ownership of the company. In it's prior filing, the firm reported owning 695K shares, representing an increase of 13.90%. The firm decreased its portfolio allocation in TTEC by 2.63% over the last quarter.
United Capital Financial Advisers holds 715K shares representing 1.51% ownership of the company. In it's prior filing, the firm reported owning 601K shares, representing an increase of 15.98%. The firm increased its portfolio allocation in TTEC by 5.68% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 567K shares representing 1.20% ownership of the company. No change in the last quarter.
TTEC Holdings Background Information
(This description is provided by the company.)
TTEC Holdings, Inc. is one of the largest global CX (customer experience) technology and services innovators for end-to-end, digital CX solutions. The Company delivers leading CX technology and operational CX orchestration at scale through its proprietary cloud-based CXaaS (Customer Experience-as-a-Service) platform. Serving iconic and disruptive brands, TTEC's outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step along the customer journey. Leveraging next-gen digital and cognitive technology, the Company's Digital business designs, builds, and operates omnichannel contact center technology, conversational messaging, CRM, automation (AI / ML and RPA), and analytics solutions. The Company's Engage business delivers digital customer engagement, customer acquisition & growth, content moderation, fraud prevention, and data annotation solutions. Founded in 1982, the Company's singular obsession with CX excellence has earned it leading client NPS scores across the globe. The Company's nearly 61,000 employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results.
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