Public Employees Retirement System of Ohio lowered its stake in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 17.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,035 shares of the business services provider’s stock after selling 1,238 shares during the period. Public Employees Retirement System of Ohio’s holdings in TeleTech Holdings were worth $179,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TTEC. Norges Bank acquired a new stake in shares of TeleTech Holdings during the fourth quarter valued at $11,308,000. 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 during the period. Vanguard Group Inc. raised its stake in shares of TeleTech Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,025,299 shares of the business services provider’s stock valued at $59,949,000 after buying an additional 105,580 shares during the period. Legato Capital Management LLC raised its stake in shares of TeleTech Holdings by 2,860.0% in the first quarter. Legato Capital Management LLC now owns 49,758 shares of the business services provider’s stock valued at $1,681,000 after buying an additional 48,077 shares during the period. Finally, WBI Investments Inc. acquired a new stake in shares of TeleTech Holdings during the first quarter valued at $871,000. Institutional investors and hedge funds own 27.24% of the company’s stock.

TeleTech Holdings, Inc. (NASDAQ:TTEC) traded up 0.24% during trading on Friday, reaching $41.30. 45,663 shares of the company’s stock were exchanged. The firm has a market cap of $1.89 billion, a P/E ratio of 42.93 and a beta of 0.90. The stock’s 50 day moving average price is $41.20 and its 200 day moving average price is $35.10. TeleTech Holdings, Inc. has a 52-week low of $24.45 and a 52-week high of $43.45.

TeleTech Holdings (NASDAQ:TTEC) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The company had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. During the same period last year, the company posted $0.28 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts anticipate that TeleTech Holdings, Inc. will post $1.77 EPS for the current fiscal year.

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Several analysts have recently weighed in on TTEC shares. Zacks Investment Research upgraded shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. TheStreet upgraded shares of TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Finally, BidaskClub lowered shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th.

In other news, Director Shrikant Mehta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $39.61, for a total value of $594,150.00. Following the sale, the director now directly owns 76,509 shares in the company, valued at approximately $3,030,521.49. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Steven C. Pollema sold 1,317 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $42.01, for a total transaction of $55,327.17. Following the completion of the sale, the senior vice president now owns 6,880 shares in the company, valued at $289,028.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,817 shares of company stock worth $926,247. 70.00% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for TeleTech Holdings (NASDAQ:TTEC)

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