TeleTech Holdings, Inc. (TTEC) Position Reduced by State Street Corp
State Street Corp decreased its stake in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,723 shares of the business services provider’s stock after selling 7,797 shares during the quarter. State Street Corp owned approximately 0.84% of TeleTech Holdings worth $15,656,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Gotham Asset Management LLC acquired a new stake in TeleTech Holdings in the 2nd quarter valued at $807,000. Cornerstone Capital Management Holdings LLC. acquired a new position in TeleTech Holdings in the second quarter worth $1,051,000. Goldman Sachs Group Inc. boosted its stake in 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 worth $5,211,000 after purchasing an additional 75,993 shares in the last quarter. Voya Investment Management LLC boosted its stake in 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 worth $414,000 after purchasing an additional 759 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in TeleTech Holdings in the second quarter worth $274,000. 26.03% of the stock is currently owned by institutional investors and hedge funds.
In other TeleTech Holdings news, SVP Steven C. Pollema sold 9,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 70.00% of the stock is currently owned by insiders.
A number of equities analysts have commented on TTEC shares. BidaskClub lowered TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered TeleTech Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $43.00 price objective on shares of TeleTech Holdings in a research note on Monday, October 9th.
COPYRIGHT VIOLATION WARNING: This story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/teletech-holdings-inc-ttec-position-reduced-by-state-street-corp/1719086.html.
TeleTech Holdings, Inc. (NASDAQ TTEC) opened at $41.70 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market capitalization of $1,877.52, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. TeleTech Holdings, Inc. has a one year low of $27.65 and a one year high of $43.75.
TeleTech Holdings (NASDAQ:TTEC) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $359.04 million for the quarter, compared to analyst estimates of $348.94 million. TeleTech Holdings had a return on equity of 19.24% and a net margin of 3.45%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. sell-side analysts expect that TeleTech Holdings, Inc. will post 1.75 EPS for the current year.
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).
Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.