33,966 Shares in TeleTech Holdings, Inc. (TTEC) Purchased by Susquehanna International Group LLP
Susquehanna International Group LLP bought a new stake in TeleTech Holdings, Inc. (NASDAQ:TTEC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 33,966 shares of the business services provider’s stock, valued at approximately $1,386,000. Susquehanna International Group LLP owned about 0.07% of TeleTech Holdings as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TeleTech Holdings in the second quarter valued at about $1,898,000. Gotham Asset Management LLC acquired a new stake in shares of TeleTech Holdings in the second quarter valued at about $807,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of TeleTech Holdings in the second quarter valued at about $1,051,000. Goldman Sachs Group Inc. raised its position in shares of TeleTech Holdings by 146.9% in the second quarter. Goldman Sachs Group Inc. now owns 127,711 shares of the business services provider’s stock valued at $5,211,000 after buying an additional 75,993 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of TeleTech Holdings by 8.1% in the second quarter. Voya Investment Management LLC now owns 10,136 shares of the business services provider’s stock valued at $414,000 after buying an additional 759 shares during the last quarter. Institutional investors and hedge funds own 25.74% of the company’s stock.
A number of equities research analysts have recently commented on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $43.00 target price on shares of TeleTech Holdings in a research report on Monday. BidaskClub cut shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research cut shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th.
TeleTech Holdings (NASDAQ:TTEC) last announced its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. 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 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis.
The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 17th. Investors of record on Thursday, October 5th will be paid a $0.25 dividend. This is an increase from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a yield of 1.22%. TeleTech Holdings’s payout ratio is presently 51.55%.
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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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