TeleTech Holdings’ (TTEC) “Hold” Rating Reaffirmed at SunTrust Banks, Inc.
SunTrust Banks, Inc. restated their hold rating on shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) in a research note issued to investors on Monday morning. They currently have a $43.00 price objective on the business services provider’s stock.
A number of other analysts have also issued reports on TTEC. Zacks Investment Research lowered shares of TeleTech Holdings from a buy rating to a hold rating in a research report on Thursday, July 13th. BidaskClub lowered shares of TeleTech Holdings from a strong-buy rating to a buy rating in a research report on Saturday, August 5th.
TeleTech Holdings (TTEC) opened at 43.00 on Monday. TeleTech Holdings has a one year low of $24.45 and a one year high of $43.45. The firm has a market capitalization of $1.97 billion, a PE ratio of 44.70 and a beta of 0.92. The stock’s 50 day moving average price is $40.15 and its 200 day moving average price is $38.17.
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, topping the Zacks’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The firm had revenue of $353.42 million for the quarter, compared to analyst estimates of $332.52 million. During the same quarter last year, the business earned $0.28 earnings per share. TeleTech Holdings’s revenue was up 15.8% compared to the same quarter last year. Analysts expect that TeleTech Holdings will post $1.77 EPS for the current year.
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The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Thursday, October 5th will be issued a $0.25 dividend. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, October 4th. This is a positive change from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. TeleTech Holdings’s dividend payout ratio (DPR) is 51.55%.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Arizona State Retirement System boosted its holdings in shares of TeleTech Holdings by 1.2% in the 1st quarter. Arizona State Retirement System now owns 8,195 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of TeleTech Holdings by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 160 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in shares of TeleTech Holdings by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 242 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of TeleTech Holdings by 4.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,970 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 380 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of TeleTech Holdings by 1.4% in the 2nd quarter. Bessemer Group Inc. now owns 30,711 shares of the business services provider’s stock valued at $1,253,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 25.74% 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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