Stock Traders Buy High Volume of Call Options on TeleTech (NASDAQ:TTEC)

TeleTech Holdings, Inc. (NASDAQ:TTEC) was the recipient of unusually large options trading activity on Tuesday. Stock traders bought 2,700 call options on the company. This is an increase of approximately 2,867% compared to the typical volume of 91 call options.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTEC. William Blair downgraded TeleTech from an “outperform” rating to a “market perform” rating in a research note on Monday, November 10th. Wall Street Zen downgraded TeleTech from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $3.50.

TeleTech Trading Down 1.3%

Shares of TTEC traded down $0.05 during trading hours on Tuesday, reaching $3.58. The stock had a trading volume of 44,334 shares, compared to its average volume of 420,614. The company has a market cap of $173.86 million, a P/E ratio of -9.45, a P/E/G ratio of 0.42 and a beta of 1.09. TeleTech has a 52 week low of $2.48 and a 52 week high of $5.60. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.14. The firm has a 50-day moving average of $3.35 and a 200 day moving average of $3.93.

TeleTech (NASDAQ:TTEC) last posted its earnings results on Thursday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). TeleTech had a positive return on equity of 8.95% and a negative net margin of 0.84%.The business had revenue of $519.14 million for the quarter, compared to the consensus estimate of $497.92 million. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. On average, sell-side analysts expect that TeleTech will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TeleTech

A number of large investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC grew its holdings in TeleTech by 2.9% during the second quarter. SummerHaven Investment Management LLC now owns 135,266 shares of the business services provider’s stock worth $651,000 after purchasing an additional 3,760 shares during the period. Invesco Ltd. grew its stake in TeleTech by 4.8% in the 1st quarter. Invesco Ltd. now owns 91,912 shares of the business services provider’s stock valued at $302,000 after buying an additional 4,231 shares during the last quarter. Engineers Gate Manager LP grew its position in shares of TeleTech by 8.7% in the second quarter. Engineers Gate Manager LP now owns 56,826 shares of the business services provider’s stock valued at $273,000 after purchasing an additional 4,532 shares during the last quarter. XTX Topco Ltd boosted its position in shares of TeleTech by 15.2% in the second quarter. XTX Topco Ltd now owns 43,401 shares of the business services provider’s stock valued at $209,000 after acquiring an additional 5,726 shares during the period. Finally, American Century Companies Inc. increased its position in TeleTech by 20.3% during the first quarter. American Century Companies Inc. now owns 43,901 shares of the business services provider’s stock worth $144,000 after acquiring an additional 7,393 shares during the period. Institutional investors own 38.03% of the company’s stock.

About TeleTech

TTEC Holdings, Inc (NASDAQ: TTEC) is a global customer experience technology and services company that designs, builds and delivers transformative solutions for customer acquisition and engagement. Leveraging a combination of digital consulting, technology, analytics and operations services, TTEC helps clients across industries enhance their customer journeys, automate key processes and harness data-driven insights to foster loyalty and drive revenue growth.

The company’s core offerings span end-to-end customer engagement solutions, including customer experience (CX) strategy consulting, cloud migration, omni-channel contact center operations and managed services.