Notable News Spotlight: TTEC Holdings (NASDAQ:TTEC)

TTEC Holdings (NASDAQ:TTEC) changed 1.72% to recent value of $42.1. The stock transacted 110888 shares during most recent day however it has an average volume of 244.75K shares. It spotted trading -16.55% off 52-week high price. On the other end, the stock has been noted 37.90% away from the low price over the last 52-weeks.

On Feb.10, 2020, TTEC Holdings (NASDAQ:TTEC) a leading digital global customer experience technology and services company focused on the design, implementation and delivery of transformative solutions for many of the world’s most iconic and disruptive brands, disclosed that it has acquired a majority interest in Serendebyte, an intelligent automation CX solutions provider.

Serendebyte helps companies transform their customer and employee experiences by improving sales process automation, customer service, marketing automation and operations/compliance for large enterprises. Serendebyte strengthens TTEC’s ability to deliver intelligent automation solutions globally. The acquisition also expands TTEC’s network of engineers and developers to provide a combination of robotics-powered case management, AI and analytics.

Intelligent automation, including robotic process and desktop automation (RPA and RDA), is one of the fastest growing applications in the enterprise software category, thanks to the speed and efficiencies it provides to customers, associates and brands alike. This acquisition significantly advances the pace and scale at which we can deliver end-to-end CX automation to our clients via TTEC’s Humanify Technology Platform. The depth and breadth that Serendebyte brings to our CX tech solutions means that clients can transform faster and deliver frictionless, digital-first experiences, said Jonathan Lerner, president of TTEC Digital.

TTEC has a gross margin of 26.80% and an operating margin of 7.50% while its profit margin remained 4.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 165.90% for this year while earning per share for the next 5-years is expected to reach at 11.25%.

The company has 46.49M of outstanding shares and 17.96M shares were floated in the market. According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.83% from the mean of 20 days, 5.00% from mean of 50 days SMA and performed -3.03% from mean of 200 days price. Company’s performance for the week was 3.36%, 3.26% for month and YTD performance remained 6.26%.

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