Bank of America Corp DE boosted its stake in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 19.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,686 shares of the business services provider’s stock after buying an additional 12,446 shares during the period. Bank of America Corp DE’s holdings in TeleTech Holdings were worth $2,241,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of TeleTech Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,025,299 shares of the business services provider’s stock worth $59,949,000 after buying an additional 105,580 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of TeleTech Holdings by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,387,448 shares of the business services provider’s stock worth $41,068,000 after buying an additional 7,245 shares during the period. State Street Corp increased its stake in shares of 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 during the period. Norges Bank bought a new stake in shares of TeleTech Holdings during the fourth quarter worth $11,308,000. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 during the period. 27.24% of the stock is owned by institutional investors and hedge funds.

Shares of TeleTech Holdings, Inc. (NASDAQ TTEC) traded up 0.49% during mid-day trading on Friday, reaching $41.40. 163,537 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $41.20 and its 200-day moving average is $35.18. TeleTech Holdings, Inc. has a 52-week low of $24.45 and a 52-week high of $43.45. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 43.04 and a beta of 0.90.

TeleTech Holdings (NASDAQ:TTEC) last announced its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. The company had revenue of $353.42 million during the quarter, compared to analysts’ expectations of $332.52 million. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. TeleTech Holdings’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, equities analysts expect that TeleTech Holdings, Inc. will post $1.77 EPS for the current year.

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TTEC has been the subject of a number of research reports. BidaskClub downgraded shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. TheStreet raised shares of TeleTech Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 11th. Finally, Zacks Investment Research raised shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.

In related news, Director Shrikant Mehta sold 15,000 shares of the company’s 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 owns 76,509 shares of the company’s stock, valued at $3,030,521.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert N. Jimenez sold 6,500 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $42.58, for a total transaction of $276,770.00. Following the sale, the executive vice president now directly owns 9,390 shares of the company’s stock, valued at approximately $399,826.20. The disclosure for this sale can be found here. Insiders have sold 22,817 shares of company stock valued at $926,247 in the last ninety days. 70.00% of the stock is currently owned by company insiders.

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).

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Institutional Ownership by Quarter for TeleTech Holdings (NASDAQ:TTEC)

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