5,999 Shares in TeleTech Holdings, Inc. (TTEC) Acquired by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. acquired a new position in TeleTech Holdings, Inc. (NASDAQ:TTEC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,999 shares of the business services provider’s stock, valued at approximately $245,000.
Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in TeleTech Holdings by 78.2% in the second quarter. State of Alaska Department of Revenue now owns 3,100 shares of the business services provider’s stock valued at $126,000 after buying an additional 1,360 shares during the period. Simplex Trading LLC acquired a new position in TeleTech Holdings in the second quarter valued at $145,000. Municipal Employees Retirement System of Michigan lifted its holdings in TeleTech Holdings by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after buying an additional 160 shares during the period. Stevens Capital Management LP acquired a new position in TeleTech Holdings in the second quarter valued at $201,000. Finally, LMR Partners LLP acquired a new position in TeleTech Holdings in the second quarter valued at $206,000. 25.80% of the stock is currently owned by institutional investors.
TeleTech Holdings, Inc. (NASDAQ:TTEC) opened at $41.15 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1,895.58, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.35 and a beta of 0.91.
TeleTech Holdings (NASDAQ:TTEC) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 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 in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. equities research analysts forecast that TeleTech Holdings, Inc. will post 1.76 earnings per share for the current fiscal year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, October 17th. Stockholders of record on Thursday, October 5th were paid a $0.25 dividend. This represents a dividend yield of 1.22%. The ex-dividend date was Wednesday, October 4th. This is an increase from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. TeleTech Holdings’s payout ratio is currently 51.55%.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. SunTrust Banks, Inc. restated a “hold” rating and issued a $43.00 target price on shares of TeleTech Holdings in a report on Monday, October 9th. Finally, BidaskClub lowered shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th.
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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