GSA Capital Partners LLP Acquires 318,589 Shares of TeleTech Holdings, Inc. $TTEC

GSA Capital Partners LLP boosted its holdings in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 800.7% during the third quarter, Holdings Channel reports. The firm owned 358,377 shares of the business services provider’s stock after acquiring an additional 318,589 shares during the quarter. GSA Capital Partners LLP’s holdings in TeleTech were worth $1,204,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TTEC. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of TeleTech during the second quarter valued at approximately $39,000. Harvest Management LLC bought a new stake in TeleTech in the second quarter valued at $48,000. Cetera Investment Advisers purchased a new position in TeleTech during the 2nd quarter valued at $124,000. XTX Topco Ltd raised its holdings in TeleTech by 15.2% in the 2nd quarter. XTX Topco Ltd now owns 43,401 shares of the business services provider’s stock worth $209,000 after purchasing an additional 5,726 shares in the last quarter. Finally, Olympiad Research LP purchased a new stake in shares of TeleTech in the 2nd quarter worth about $224,000. 38.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. William Blair lowered TeleTech from an “outperform” rating to a “market perform” rating in a research report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $3.50.

TeleTech Stock Up 2.7%

TTEC stock opened at $2.28 on Thursday. The business has a 50 day moving average of $3.29 and a 200 day moving average of $3.39. The firm has a market cap of $110.69 million, a PE ratio of -6.00, a price-to-earnings-growth ratio of 0.22 and a beta of 1.07. TeleTech Holdings, Inc. has a twelve month low of $2.12 and a twelve month 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.

TeleTech Company Profile

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.