California State Teachers Retirement System cut its stake in TeleTech Holdings Inc. (NASDAQ:TTEC) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 34,441 shares of the company’s stock after selling 7 shares during the period. California State Teachers Retirement System owned 0.07% of TeleTech Holdings worth $934,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of TeleTech Holdings during the fourth quarter valued at $10,348,000. Burgundy Asset Management Ltd. increased its position in shares of TeleTech Holdings by 2.8% in the first quarter. Burgundy Asset Management Ltd. now owns 331,065 shares of the company’s stock valued at $9,190,000 after buying an additional 8,929 shares in the last quarter. Geode Capital Management LLC increased its position in shares of TeleTech Holdings by 1.0% in the first quarter. Geode Capital Management LLC now owns 143,330 shares of the company’s stock valued at $3,978,000 after buying an additional 1,387 shares in the last quarter. Prudential Financial Inc. increased its position in shares of TeleTech Holdings by 20.6% in the first quarter. Prudential Financial Inc. now owns 125,038 shares of the company’s stock valued at $3,471,000 after buying an additional 21,339 shares in the last quarter. Finally, Ulysses Management LLC increased its position in shares of TeleTech Holdings by 38.4% in the first quarter. Ulysses Management LLC now owns 90,100 shares of the company’s stock valued at $2,501,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 27.95% of the company’s stock.
TeleTech Holdings Inc. (NASDAQ:TTEC) traded up 0.10% on Wednesday, hitting $29.36. 64,533 shares of the company’s stock traded hands. TeleTech Holdings Inc. has a one year low of $24.19 and a one year high of $30.75. The stock has a 50-day moving average of $28.79 and a 200-day moving average of $27.89. The stock has a market cap of $1.39 billion, a PE ratio of 27.96 and a beta of 0.99.
TeleTech Holdings (NASDAQ:TTEC) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. TeleTech Holdings had a net margin of 4.02% and a return on equity of 14.42%. The business earned $305.10 million during the quarter, compared to the consensus estimate of $305.72 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts forecast that TeleTech Holdings Inc. will post $1.61 earnings per share for the current fiscal year.
The business also recently disclosed a semiannual dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.20 per share. This is an increase from TeleTech Holdings’s previous semiannual dividend of $0.19. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, September 29th. TeleTech Holdings’s payout ratio is presently 35.24%.
Several research analysts recently weighed in on TTEC shares. Zacks Investment Research raised shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Wells Fargo & Co. downgraded shares of TeleTech Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, August 8th. Finally, Sidoti started coverage on shares of TeleTech Holdings in a report on Monday, August 29th. They issued a “neutral” rating and a $32.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. TeleTech Holdings currently has an average rating of “Hold” and an average target price of $31.00.
In other news, EVP Martin F. Deghetto sold 14,245 shares of TeleTech Holdings stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $28.37, for a total transaction of $404,130.65. Following the completion of the sale, the executive vice president now directly owns 81,248 shares in the company, valued at $2,305,005.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Martin F. Deghetto sold 12,541 shares of TeleTech Holdings stock in a transaction on Monday, July 11th. The stock was sold at an average price of $28.00, for a total transaction of $351,148.00. Following the sale, the executive vice president now owns 86,913 shares of the company’s stock, valued at $2,433,564. The disclosure for this sale can be found here. Insiders own 67.30% of the company’s stock.
About TeleTech Holdings
TeleTech Holdings, Inc (TeleTech) is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions. 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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