Arizona State Retirement System lowered its position in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,095 shares of the business services provider’s stock after selling 100 shares during the quarter. Arizona State Retirement System’s holdings in TeleTech Holdings were worth $330,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in TeleTech Holdings by 78.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,100 shares of the business services provider’s stock worth $126,000 after buying an additional 1,360 shares in the last quarter. Simplex Trading LLC acquired a new position in TeleTech Holdings in the 2nd quarter worth $145,000. Mason Street Advisors LLC lifted its holdings in TeleTech Holdings by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock worth $109,000 after buying an additional 242 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in TeleTech Holdings by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock worth $152,000 after buying an additional 160 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in TeleTech Holdings by 24.6% in the 1st quarter. Victory Capital Management Inc. now owns 5,826 shares of the business services provider’s stock worth $172,000 after buying an additional 1,151 shares in the last quarter. Hedge funds and other institutional investors own 25.74% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 19th. BidaskClub lowered shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd.
Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) opened at 38.60 on Monday. The stock has a 50 day moving average of $40.53 and a 200-day moving average of $36.53. TeleTech Holdings, Inc. has a 52 week low of $24.45 and a 52 week high of $43.45. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 40.12 and a beta of 0.92.
TeleTech Holdings (NASDAQ:TTEC) last posted its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The business had revenue of $353.42 million for the quarter, compared to analyst estimates of $332.52 million. During the same period last year, the business posted $0.28 EPS. TeleTech Holdings’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts expect that TeleTech Holdings, Inc. will post $1.77 earnings per share for the current year.
In related news, SVP Steven C. Pollema sold 1,317 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $42.01, for a total value of $55,327.17. Following the transaction, the senior vice president now directly owns 6,880 shares in the company, valued at approximately $289,028.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 70.00% of the company’s stock.
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TeleTech Holdings Company Profile
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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