Olympiad Research LP Makes New Investment in TeleTech Holdings, Inc. $TTEC

Olympiad Research LP acquired a new position in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 46,642 shares of the business services provider’s stock, valued at approximately $224,000.

A number of other large investors also recently made changes to their positions in TTEC. SummerHaven Investment Management LLC lifted its holdings in TeleTech by 2.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 135,266 shares of the business services provider’s stock worth $651,000 after purchasing an additional 3,760 shares during the last quarter. Invesco Ltd. grew its holdings in TeleTech by 4.8% in the 1st quarter. Invesco Ltd. now owns 91,912 shares of the business services provider’s stock valued at $302,000 after buying an additional 4,231 shares in the last quarter. AE Wealth Management LLC increased its position in TeleTech by 27.1% during the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider’s stock worth $86,000 after buying an additional 5,560 shares during the period. American Century Companies Inc. lifted its holdings in shares of TeleTech by 20.3% during the first quarter. American Century Companies Inc. now owns 43,901 shares of the business services provider’s stock worth $144,000 after buying an additional 7,393 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of TeleTech by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 565,274 shares of the business services provider’s stock worth $1,860,000 after buying an additional 22,247 shares in the last quarter. Institutional investors own 38.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TTEC shares. Wall Street Zen downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, October 8th. Zacks Research raised shares of TeleTech to a “hold” rating in a report on Friday, August 8th. Barrington Research reiterated a “market perform” rating on shares of TeleTech in a research note on Monday, August 18th. Finally, William Blair downgraded TeleTech from an “outperform” rating to a “market perform” rating in a research report on Monday. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $3.50.

TeleTech Stock Performance

Shares of TeleTech stock opened at $2.88 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.99. The company has a market cap of $139.82 million, a PE ratio of -5.33, a price-to-earnings-growth ratio of 0.36 and a beta of 1.22. The company has a 50 day moving average of $3.46 and a 200-day moving average of $4.19. TeleTech Holdings, Inc. has a 1-year low of $2.48 and a 1-year high of $5.86.

TeleTech (NASDAQ:TTEC) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). TeleTech had a negative net margin of 1.20% and a positive return on equity of 8.23%. The firm had revenue of $519.14 million during the quarter, compared to the consensus estimate of $497.92 million. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. As a group, equities research analysts forecast that TeleTech Holdings, Inc. will post 0.33 earnings per share for the current fiscal year.

TeleTech Company Profile

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.