TeleTech Holdings, Inc. (TTEC) Holdings Cut by Northern Trust Corp
Northern Trust Corp trimmed its stake in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 7.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 294,258 shares of the business services provider’s stock after selling 23,815 shares during the period. Northern Trust Corp owned 0.65% of TeleTech Holdings worth $12,006,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in TeleTech Holdings by 5.5% during 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 purchasing an additional 105,580 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in TeleTech Holdings by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,387,448 shares of the business services provider’s stock valued at $41,068,000 after purchasing an additional 7,245 shares in the last quarter. Boston Partners lifted its holdings in TeleTech Holdings by 2.1% during the second quarter. Boston Partners now owns 1,270,707 shares of the business services provider’s stock valued at $51,844,000 after purchasing an additional 25,618 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in TeleTech Holdings by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 348,253 shares of the business services provider’s stock valued at $14,208,000 after purchasing an additional 5,272 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in TeleTech Holdings by 6.5% during the second quarter. Ameriprise Financial Inc. now owns 306,266 shares of the business services provider’s stock valued at $12,495,000 after purchasing an additional 18,755 shares in the last quarter. 25.80% of the stock is currently owned by institutional investors and hedge funds.
TeleTech Holdings, Inc. (NASDAQ TTEC) opened at $41.15 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1,895.58, a price-to-earnings ratio of 25.68, a PEG ratio of 2.35 and a beta of 0.91.
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, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.05. The firm had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. analysts anticipate that TeleTech Holdings, Inc. will post 1.76 EPS for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 17th. Stockholders of record on Thursday, October 5th were paid a $0.25 dividend. This is an increase from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. This represents a dividend yield of 1.22%. The ex-dividend date was Wednesday, October 4th. TeleTech Holdings’s dividend payout ratio (DPR) is currently 51.55%.
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Several research firms have issued reports on TTEC. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $43.00 price objective on shares of TeleTech Holdings in a report on Monday, October 9th. BidaskClub downgraded shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 19th.
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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