TeleTech Holdings Inc. (TTEC) Sees Unusually-High Trading Volume
TeleTech Holdings Inc. (NASDAQ:TTEC) saw unusually-strong trading volume on Thursday . Approximately 104,200 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 79,438 shares.The stock last traded at $29.87 and had previously closed at $29.62.
Several equities analysts have recently issued reports on TTEC shares. Zacks Investment Research raised TeleTech Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Wells Fargo & Co. lowered TeleTech Holdings from an “outperform” rating to a “market perform” rating in a research report on Monday, August 8th.
The firm has a 50-day moving average price of $28.25 and a 200 day moving average price of $27.48. The firm has a market capitalization of $1.39 billion and a price-to-earnings ratio of 27.93.
TeleTech Holdings (NASDAQ:TTEC) last released its earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. During the same quarter in the previous year, the business earned $0.34 EPS. The business earned $305.10 million during the quarter, compared to analysts’ expectations of $305.72 million. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that TeleTech Holdings Inc. will post $1.62 earnings per share for the current year.
In other TeleTech Holdings news, Director Gregory A. Conley sold 1,500 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $27.34, for a total value of $41,010.00. Following the sale, the director now owns 5,667 shares in the company, valued at $154,935.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Steven C. Pollema sold 4,800 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $27.47, for a total value of $131,856.00. Following the completion of the sale, the senior vice president now owns 24,429 shares in the company, valued at approximately $671,064.63. The disclosure for this sale can be found here.
Other hedge funds have added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in TeleTech Holdings during the fourth quarter worth $1,487,000. Systematic Financial Management LP purchased a new position in TeleTech Holdings during the fourth quarter worth about $1,265,000. Finally, Matarin Capital Management LLC purchased a new position in TeleTech Holdings during the fourth quarter worth about $2,060,000.
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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