Teachers Retirement System of The State of Kentucky Has $192,000 Position in TeleTech Holdings, Inc. (NASDAQ:TTEC)
Teachers Retirement System of The State of Kentucky continued to hold its stake in TeleTech Holdings, Inc. (NASDAQ:TTEC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,500 shares of the business services provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in TeleTech Holdings were worth $192,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in TTEC. State Street Corp increased its stake 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 valued at $11,440,000 after buying an additional 13,666 shares during the period. Norges Bank purchased a new stake in TeleTech Holdings during the fourth quarter valued at about $11,308,000. Teachers Advisors LLC increased its stake in TeleTech Holdings by 16.4% in the fourth quarter. Teachers Advisors LLC now owns 29,932 shares of the business services provider’s stock valued at $913,000 after buying an additional 4,208 shares during the period. Legato Capital Management LLC increased its stake in TeleTech Holdings by 2,860.0% in the first quarter. Legato Capital Management LLC now owns 49,758 shares of the business services provider’s stock valued at $1,681,000 after buying an additional 48,077 shares during the period. Finally, Capital Impact Advisors LLC increased its stake in TeleTech Holdings by 81.9% in the first quarter. Capital Impact Advisors LLC now owns 52,608 shares of the business services provider’s stock valued at $1,557,000 after buying an additional 23,689 shares during the period. Institutional investors and hedge funds own 27.24% of the company’s stock.
TeleTech Holdings, Inc. (NASDAQ:TTEC) traded up 0.49% during mid-day trading on Friday, reaching $41.40. The company had a trading volume of 163,537 shares. TeleTech Holdings, Inc. has a 12-month low of $24.45 and a 12-month high of $43.45. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 43.04 and a beta of 0.90. The stock has a 50-day moving average of $41.20 and a 200 day moving average of $35.18.
TeleTech Holdings (NASDAQ:TTEC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The company had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. On average, analysts expect that TeleTech Holdings, Inc. will post $1.77 EPS for the current year.
TTEC has been the subject of several recent research reports. Zacks Investment Research upgraded TeleTech Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. TheStreet upgraded TeleTech Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 11th. Finally, BidaskClub downgraded TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th.
In other TeleTech Holdings news, Director Shrikant Mehta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $39.61, for a total transaction of $594,150.00. Following the sale, the director now owns 76,509 shares in the company, 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, SVP Steven C. Pollema sold 1,317 shares of the firm’s 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 in the company, valued at approximately $289,028.80. The disclosure for this sale can be found here. Insiders sold 22,817 shares of company stock worth $926,247 in the last quarter. 70.00% of the stock is currently owned by company insiders.
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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