Chatham Capital Group Inc. Has $826,000 Position in TeleTech Holdings Inc. (TTEC)
Chatham Capital Group Inc. continued to hold its position in shares of TeleTech Holdings Inc. (NASDAQ:TTEC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,430 shares of the company’s stock at the end of the second quarter. Chatham Capital Group Inc.’s holdings in TeleTech Holdings were worth $826,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in TTEC. Prudential Financial Inc. raised its position in shares of TeleTech Holdings by 20.6% in the first quarter. Prudential Financial Inc. now owns 125,038 shares of the company’s stock worth $3,471,000 after buying an additional 21,339 shares during the period. UBS Group AG raised its stake in shares of TeleTech Holdings by 3.4% in the first quarter. UBS Group AG now owns 55,355 shares of the company’s stock valued at $1,537,000 after buying an additional 1,816 shares during the period. Strs Ohio raised its stake in shares of TeleTech Holdings by 4.5% in the second quarter. Strs Ohio now owns 25,300 shares of the company’s stock valued at $686,000 after buying an additional 1,100 shares during the period. Zebra Capital Management LLC raised its stake in shares of TeleTech Holdings by 24.1% in the first quarter. Zebra Capital Management LLC now owns 34,691 shares of the company’s stock valued at $963,000 after buying an additional 6,733 shares during the period. Finally, Ulysses Management LLC raised its stake in shares of TeleTech Holdings by 38.4% in the first quarter. Ulysses Management LLC now owns 90,100 shares of the company’s stock valued at $2,501,000 after buying an additional 25,000 shares during the period. Institutional investors own 27.95% of the company’s stock.
Shares of TeleTech Holdings Inc. (NASDAQ:TTEC) traded up 0.04% during midday trading on Monday, hitting $28.25. The stock had a trading volume of 47,333 shares. The stock has a 50 day moving average price of $28.62 and a 200-day moving average price of $27.99. TeleTech Holdings Inc. has a 52 week low of $24.19 and a 52 week high of $30.75. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 26.90 and a beta of 0.89.
TeleTech Holdings (NASDAQ:TTEC) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.28. TeleTech Holdings had a return on equity of 14.42% and a net margin of 4.02%. The firm earned $305.10 million during the quarter, compared to analysts’ expectations of $305.72 million. During the same period last year, the firm posted $0.34 EPS. The business’s revenue was down 1.6% on a year-over-year basis. Equities research analysts anticipate that TeleTech Holdings Inc. will post $1.61 earnings per share for the current year.
The firm also recently declared a semiannual dividend, which was paid on Friday, October 14th. Investors of record on Monday, October 3rd were issued a dividend of $0.20 per share. This represents a yield of 1.37%. This is a boost from TeleTech Holdings’s previous semiannual dividend of $0.19. The ex-dividend date was Thursday, September 29th. TeleTech Holdings’s dividend payout ratio (DPR) is currently 38.10%.
Several analysts have recently weighed in on the company. Wells Fargo & Co. lowered TeleTech Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, August 8th. Sidoti assumed coverage on TeleTech Holdings in a report on Monday, August 29th. They issued a “neutral” rating and a $32.00 price objective for the company. Finally, Zacks Investment Research lowered TeleTech Holdings from a “hold” rating to a “sell” rating in a report on Saturday, October 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.00.
In related news, Director Gregory A. Conley sold 1,500 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $27.34, for a total transaction of $41,010.00. Following the completion of the sale, the director now directly owns 5,667 shares of the company’s stock, valued at approximately $154,935.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 67.30% of the company’s stock.
About TeleTech Holdings
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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