Teachers Advisors LLC lowered its position in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 20.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,014 shares of the business services provider’s stock after selling 6,604 shares during the quarter. Teachers Advisors LLC owned 0.05% of TeleTech Holdings worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in TTEC. Karp Capital Management Corp acquired a new position in shares of TeleTech Holdings in the first quarter valued at approximately $290,000. JPMorgan Chase & Co. increased its stake in shares of TeleTech Holdings by 30.0% in the first quarter. JPMorgan Chase & Co. now owns 59,122 shares of the business services provider’s stock valued at $1,750,000 after buying an additional 13,627 shares during the period. Arizona State Retirement System increased 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. OppenheimerFunds Inc. increased its stake in shares of TeleTech Holdings by 25.1% in the first quarter. OppenheimerFunds Inc. now owns 32,170 shares of the business services provider’s stock valued at $952,000 after buying an additional 6,447 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of TeleTech Holdings by 3.4% in the first quarter. Principal Financial Group Inc. now owns 126,870 shares of the business services provider’s stock valued at $3,755,000 after buying an additional 4,221 shares during the period. 25.80% of the stock is owned by institutional investors.
A number of research firms have weighed in on TTEC. Zacks Investment Research downgraded shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. SunTrust Banks, Inc. reissued a “hold” rating and set a $43.00 target price on shares of TeleTech Holdings in a research report on Monday, October 9th. Finally, BidaskClub downgraded shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th.
TeleTech Holdings (NASDAQ:TTEC) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $332.52 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis.
The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 17th. Shareholders of record on Thursday, October 5th were given a $0.25 dividend. The ex-dividend date was Wednesday, October 4th. This represents a yield of 1.22%. This is an increase from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. TeleTech Holdings’s payout ratio is presently 51.55%.
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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