TheStreet upgraded shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) from a c+ rating to a b rating in a research report released on Thursday, May 11th.
Separately, Zacks Investment Research lowered TeleTech Holdings from a hold rating to a sell rating in a research report on Tuesday, March 14th.
Shares of TeleTech Holdings (TTEC) traded down 2.72% during trading on Thursday, reaching $41.10. 162,306 shares of the company traded hands. The company has a 50 day moving average price of $35.58 and a 200 day moving average price of $31.45. TeleTech Holdings has a 12-month low of $24.45 and a 12-month high of $42.90. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 46.13 and a beta of 0.80.
TeleTech Holdings (NASDAQ:TTEC) last posted its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. The firm had revenue of $338.28 million during the quarter, compared to analyst estimates of $324.39 million. TeleTech Holdings had a return on equity of 15.62% and a net margin of 4.01%. TeleTech Holdings’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, equities analysts predict that TeleTech Holdings will post $1.76 EPS for the current year.
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In related news, EVP Robert N. Jimenez sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $42.58, for a total value of $276,770.00. Following the transaction, the executive vice president now directly owns 9,390 shares of the company’s stock, valued at approximately $399,826.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Shrikant Mehta sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $39.61, for a total value of $594,150.00. Following the completion of the transaction, the director now directly owns 76,509 shares in the company, valued at $3,030,521.49. The disclosure for this sale can be found here. Insiders own 67.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its position in TeleTech Holdings by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,630 shares of the business services provider’s stock worth $105,000 after buying an additional 60 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of TeleTech Holdings by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 30,300 shares of the business services provider’s stock valued at $924,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its stake in shares of TeleTech Holdings by 1.2% in the first quarter. Arizona State Retirement System now owns 8,195 shares of the business services provider’s stock valued at $243,000 after buying an additional 100 shares during the period. Mason Street Advisors LLC boosted its stake in shares of TeleTech Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock valued at $109,000 after buying an additional 242 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of TeleTech Holdings by 4.4% in the first quarter. Thrivent Financial For Lutherans now owns 8,970 shares of the business services provider’s stock valued at $266,000 after buying an additional 380 shares during the period. 26.96% of the stock is currently owned by institutional investors.
About TeleTech Holdings
TeleTech Holdings, Inc (TeleTech) is a customer service provider that delivers consulting, technology, growth and customer care solutions on a global scale. The Company operates through four segments: Customer Management Services (CMS), Customer Growth Services (CGS), Customer Technology Services (CTS) and Customer Strategy Services (CSS).
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