TeleTech Holdings, Inc. (NASDAQ:TTEC)‘s stock had its “hold” rating reissued by research analysts at SunTrust Banks, Inc. in a note issued to investors on Monday. They presently have a $43.00 price objective on the business services provider’s stock. SunTrust Banks, Inc.’s price objective indicates a potential downside of 0.35% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub cut TeleTech Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd.
TeleTech Holdings (TTEC) opened at 43.15 on Monday. The company has a market cap of $1.98 billion, a P/E ratio of 44.85 and a beta of 0.92. The stock’s 50 day moving average price is $40.24 and its 200 day moving average price is $38.26. TeleTech Holdings has a 52-week low of $24.45 and a 52-week high of $43.45.
TeleTech Holdings (NASDAQ:TTEC) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The firm had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. Analysts expect that TeleTech Holdings will post $1.77 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in TeleTech Holdings by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,083,206 shares of the business services provider’s stock worth $84,995,000 after acquiring an additional 57,907 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in TeleTech Holdings by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,391,207 shares of the business services provider’s stock worth $56,761,000 after acquiring an additional 3,759 shares during the last quarter. Boston Partners increased its stake in TeleTech Holdings by 2.1% during the second quarter. Boston Partners now owns 1,270,707 shares of the business services provider’s stock worth $51,844,000 after acquiring an additional 25,618 shares during the last quarter. Bank of New York Mellon Corp increased its stake in TeleTech Holdings by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 348,253 shares of the business services provider’s stock worth $14,208,000 after acquiring an additional 5,272 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in TeleTech Holdings by 6.5% during the second quarter. Ameriprise Financial Inc. now owns 306,266 shares of the business services provider’s stock worth $12,495,000 after acquiring an additional 18,755 shares during the last quarter. 25.74% of the stock is 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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