TeleTech Holdings, Inc. (TTEC) SVP Steven C. Pollema Sells 9,000 Shares

TeleTech Holdings, Inc. (NASDAQ:TTEC) SVP Steven C. Pollema sold 9,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of TeleTech Holdings, Inc. (TTEC) opened at $40.95 on Tuesday. TeleTech Holdings, Inc. has a 52 week low of $27.10 and a 52 week high of $43.75. The stock has a market capitalization of $1,829.38, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 2.28 and a beta of 0.91. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.64.

TeleTech Holdings (NASDAQ:TTEC) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. TeleTech Holdings had a return on equity of 19.24% and a net margin of 3.45%. The business had revenue of $359.04 million during the quarter, compared to the consensus estimate of $348.94 million. During the same period last year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. sell-side analysts anticipate that TeleTech Holdings, Inc. will post 1.75 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on TTEC. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $43.00 target price on shares of TeleTech Holdings in a research note on Monday, October 9th. Zacks Investment Research raised TeleTech Holdings from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Friday, August 11th. Finally, BidaskClub downgraded TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEC. Vanguard Group Inc. grew its holdings in shares of TeleTech Holdings by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 2,025,299 shares of the business services provider’s stock worth $59,949,000 after purchasing an additional 105,580 shares during the period. Smith Asset Management Group LP purchased a new position in shares of TeleTech Holdings during the 2nd quarter worth $3,153,000. Goldman Sachs Group Inc. grew its holdings in shares of TeleTech Holdings by 146.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 127,711 shares of the business services provider’s stock worth $5,211,000 after purchasing an additional 75,993 shares during the period. Acadian Asset Management LLC grew its holdings in shares of TeleTech Holdings by 1,138.5% during the 2nd quarter. Acadian Asset Management LLC now owns 52,810 shares of the business services provider’s stock worth $2,155,000 after purchasing an additional 48,546 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of TeleTech Holdings during the 2nd quarter worth $1,898,000. Institutional investors and hedge funds own 26.03% of the company’s stock.

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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