Shares of TeleTech Holdings Inc. (NASDAQ:TTEC) gapped up before the market opened on Wednesday . The stock had previously closed at $28.17, but opened at $28.28. TeleTech Holdings shares last traded at $28.77, with a volume of 20,704 shares traded.

Separately, Zacks Investment Research raised shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.

The firm’s 50-day moving average is $27.44 and its 200 day moving average is $27.11. The company has a market cap of $1.38 billion and a P/E ratio of 25.93.

TeleTech Holdings (NASDAQ:TTEC) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.12. During the same quarter in the previous year, the company posted $0.38 EPS. The firm earned $312.40 million during the quarter, compared to analysts’ expectations of $318.12 million. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts predict that TeleTech Holdings Inc. will post $1.57 EPS for the current fiscal year.

In other news, SVP Steven C. Pollema sold 4,800 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $27.47, for a total transaction of $131,856.00. Following the completion of the transaction, the senior vice president now owns 24,429 shares of the company’s stock, valued at $671,064.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Martin F. Deghetto sold 12,541 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $28.00, for a total value of $351,148.00. Following the transaction, the executive vice president now directly owns 86,913 shares of the company’s stock, valued at approximately $2,433,564. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have modified their holdings of TTEC. Russell Frank Co raised its position in shares of TeleTech Holdings by 6.4% in the fourth quarter. Russell Frank Co now owns 70,076 shares of the company’s stock valued at $1,988,000 after buying an additional 4,243 shares during the last quarter. Morgan Stanley raised its position in shares of TeleTech Holdings by 37.1% in the fourth quarter. Morgan Stanley now owns 71,933 shares of the company’s stock valued at $2,007,000 after buying an additional 19,479 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of TeleTech Holdings by 184.3% in the fourth quarter. GSA Capital Partners LLP now owns 67,805 shares of the company’s stock valued at $1,892,000 after buying an additional 43,957 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of TeleTech Holdings during the fourth quarter valued at approximately $1,265,000. Finally, Schroder Investment Management Group acquired a new position in shares of TeleTech Holdings during the fourth quarter valued at approximately $1,487,000.

TeleTech Holdings, Inc (TeleTech) is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions. 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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