Swiss National Bank Sells 2,700 Shares of TeleTech Holdings, Inc. (TTEC)
Swiss National Bank lowered its position in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 9.2% during the first quarter, Holdings Channel reports. The firm owned 26,800 shares of the business services provider’s stock after selling 2,700 shares during the period. Swiss National Bank’s holdings in TeleTech Holdings were worth $793,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in TeleTech Holdings by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,380,203 shares of the business services provider’s stock worth $42,097,000 after buying an additional 9,762 shares in the last quarter. State Street Corp increased its position in TeleTech Holdings by 3.8% in the fourth quarter. State Street Corp now owns 375,056 shares of the business services provider’s stock worth $11,440,000 after buying an additional 13,666 shares in the last quarter. Norges Bank acquired a new position in TeleTech Holdings during the fourth quarter worth about $11,308,000. Bank of New York Mellon Corp increased its position in TeleTech Holdings by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 342,981 shares of the business services provider’s stock worth $10,152,000 after buying an additional 22,856 shares in the last quarter. Finally, First Manhattan Co. increased its position in TeleTech Holdings by 273.2% in the first quarter. First Manhattan Co. now owns 234,196 shares of the business services provider’s stock worth $6,789,000 after buying an additional 171,438 shares in the last quarter. 27.30% of the stock is currently owned by hedge funds and other institutional investors.
TeleTech Holdings, Inc. (NASDAQ:TTEC) opened at 42.15 on Thursday. The firm has a market cap of $1.92 billion, a P/E ratio of 47.31 and a beta of 0.90. The firm has a 50 day moving average of $40.52 and a 200-day moving average of $32.95. TeleTech Holdings, Inc. has a 12 month low of $24.45 and a 12 month high of $42.90.
TeleTech Holdings (NASDAQ:TTEC) last issued its earnings results on Tuesday, May 9th. The business services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The business had revenue of $338.28 million for the quarter, compared to the consensus estimate of $324.39 million. TeleTech Holdings had a net margin of 3.19% and a return on equity of 18.07%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. On average, equities research analysts forecast that TeleTech Holdings, Inc. will post $1.76 earnings per share for the current year.
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A number of research analysts recently issued reports on TTEC shares. Zacks Investment Research upgraded shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. TheStreet upgraded shares of TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th.
In other news, SVP Steven C. Pollema sold 1,317 shares of TeleTech Holdings stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $42.01, for a total value of $55,327.17. Following the sale, the senior vice president now owns 6,880 shares of the company’s stock, valued at $289,028.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shrikant Mehta sold 15,000 shares of TeleTech Holdings stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $39.61, for a total transaction of $594,150.00. Following the completion of the sale, the director now directly owns 76,509 shares in the company, valued at approximately $3,030,521.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,817 shares of company stock worth $926,247. Insiders own 70.00% of the company’s stock.
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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