Parametric Portfolio Associates LLC reduced its stake in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,249 shares of the business services provider’s stock after selling 118 shares during the period. Parametric Portfolio Associates LLC owned about 0.11% of TeleTech Holdings worth $1,547,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Karp Capital Management Corp bought a new stake in shares of TeleTech Holdings during the first quarter valued at approximately $290,000. Bank of New York Mellon Corp raised its stake in shares of TeleTech Holdings by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 342,981 shares of the business services provider’s stock valued at $10,152,000 after buying an additional 22,856 shares in the last quarter. First Trust Advisors LP raised its stake in shares of TeleTech Holdings by 71.5% in the first quarter. First Trust Advisors LP now owns 50,270 shares of the business services provider’s stock valued at $1,488,000 after buying an additional 20,961 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of TeleTech Holdings by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 22,822 shares of the business services provider’s stock valued at $674,000 after buying an additional 1,709 shares in the last quarter. Finally, First Manhattan Co. raised its stake in shares of TeleTech Holdings by 273.2% in the first quarter. First Manhattan Co. now owns 234,196 shares of the business services provider’s stock valued at $6,789,000 after buying an additional 171,438 shares in the last quarter. 27.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of TeleTech Holdings, Inc. (NASDAQ TTEC) opened at 40.85 on Tuesday. The firm has a 50-day moving average of $40.52 and a 200 day moving average of $32.95. TeleTech Holdings, Inc. has a 12 month low of $24.45 and a 12 month high of $42.90. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 45.85 and a beta of 0.90.
TeleTech Holdings (NASDAQ:TTEC) last posted its earnings results on Tuesday, May 9th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The business had revenue of $338.28 million for the quarter, compared to analysts’ expectations of $324.39 million. TeleTech Holdings had a net margin of 3.19% and a return on equity of 18.07%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. On average, analysts expect that TeleTech Holdings, Inc. will post $1.76 earnings per share for the current year.
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Several brokerages have commented on TTEC. Zacks Investment Research lowered shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. TheStreet raised shares of TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th.
In other TeleTech Holdings news, EVP Robert N. Jimenez sold 6,500 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $42.58, for a total transaction of $276,770.00. Following the transaction, the executive vice president now owns 9,390 shares in the company, valued at approximately $399,826.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shrikant Mehta sold 15,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $39.61, for a total transaction of $594,150.00. Following the transaction, the director now owns 76,509 shares in the company, valued at approximately $3,030,521.49. The disclosure for this sale can be found here. Insiders have sold a total of 22,817 shares of company stock worth $926,247 in the last 90 days. Company insiders own 70.00% of the company’s stock.
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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