Los Angeles Capital Management & Equity Research Inc. Acquires 8,720 Shares of TeleTech Holdings, Inc. (TTEC)
Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 102.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,273 shares of the business services provider’s stock after acquiring an additional 8,720 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in TeleTech were worth $721,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in TeleTech by 78.2% during 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 purchasing an additional 1,360 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in TeleTech by 4.5% during 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 purchasing an additional 160 shares during the last quarter. Stevens Capital Management LP acquired a new position in TeleTech during the second quarter valued at approximately $201,000. LMR Partners LLP acquired a new position in TeleTech during the second quarter valued at approximately $206,000. Finally, BNP Paribas Arbitrage SA grew its holdings in TeleTech by 88.4% during the second quarter. BNP Paribas Arbitrage SA now owns 5,880 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 2,759 shares during the last quarter. 24.88% of the stock is currently owned by hedge funds and other institutional investors.
TTEC has been the topic of several analyst reports. BidaskClub downgraded TeleTech from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, SunTrust Banks restated a “hold” rating and issued a $43.00 price objective on shares of TeleTech in a research note on Monday, October 9th.
Shares of TeleTech Holdings, Inc. (NASDAQ TTEC) opened at $40.40 on Thursday. The stock has a market cap of $1,879.81, a price-to-earnings ratio of 25.63, a PEG ratio of 2.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.13 and a quick ratio of 2.13. TeleTech Holdings, Inc. has a 52 week low of $28.15 and a 52 week high of $43.75.
TeleTech (NASDAQ:TTEC) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $359.04 million for the quarter, compared to the consensus estimate of $348.94 million. TeleTech had a net margin of 3.45% and a return on equity of 19.24%. TeleTech’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. research analysts expect that TeleTech Holdings, Inc. will post 1.75 EPS for the current year.
In other news, SVP Steven C. Pollema sold 9,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 70.00% of the company’s stock.
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TeleTech 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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