Separately, Zacks Investment Research raised shares of TeleTech Holdings from a sell rating to a hold rating in a report on Tuesday, January 17th.
Shares of TeleTech Holdings (NASDAQ TTEC) opened at 40.95 on Thursday. The firm’s 50-day moving average price is $38.27 and its 200 day moving average price is $32.21. The stock has a market cap of $1.87 billion, a P/E ratio of 45.96 and a beta of 0.91. TeleTech Holdings has a 1-year low of $24.45 and a 1-year high of $42.90.
TeleTech Holdings (NASDAQ:TTEC) last announced its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.07. TeleTech Holdings had a net margin of 3.19% and a return on equity of 18.07%. The firm had revenue of $338.28 million during the quarter, compared to the consensus estimate of $324.39 million. During the same period last year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that TeleTech Holdings will post $1.76 earnings per share for the current fiscal year.
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In other TeleTech Holdings news, EVP Robert N. Jimenez sold 6,500 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $42.58, for a total value of $276,770.00. Following the completion of the transaction, the executive vice president now directly owns 9,390 shares of the company’s stock, valued at $399,826.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Shrikant Mehta sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $39.61, for a total transaction of $594,150.00. Following the completion of the transaction, the director now directly owns 76,509 shares of the company’s stock, valued at $3,030,521.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,817 shares of company stock valued at $926,247. Insiders own 70.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Summit Global Investments bought a new position in shares of TeleTech Holdings during the fourth quarter worth $393,000. Ellington Management Group LLC bought a new position in shares of TeleTech Holdings during the fourth quarter worth $262,000. Two Sigma Investments LP increased its position in shares of TeleTech Holdings by 80.1% in the fourth quarter. Two Sigma Investments LP now owns 43,568 shares of the business services provider’s stock worth $1,329,000 after buying an additional 19,380 shares in the last quarter. Diligent Investors LLC bought a new position in shares of TeleTech Holdings during the fourth quarter worth $304,000. Finally, Zebra Capital Management LLC increased its position in shares of TeleTech Holdings by 2.7% in the fourth quarter. Zebra Capital Management LLC now owns 41,952 shares of the business services provider’s stock worth $1,280,000 after buying an additional 1,117 shares in the last quarter. 27.31% of the stock is owned by institutional investors.
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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