TeleTech Holdings, Inc. (TTEC) Given “Hold” Rating at SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their hold rating on shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) in a research report released on Monday morning. The brokerage currently has a $43.00 price objective on the business services provider’s stock.

Several other analysts also recently weighed in on the company. BidaskClub downgraded TeleTech Holdings from a buy rating to a hold rating in a report on Wednesday, August 23rd. Zacks Investment Research cut TeleTech Holdings from a buy rating to a hold rating in a research report on Saturday, August 19th.

TeleTech Holdings (NASDAQ:TTEC) last posted its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $353.42 million during the quarter, compared to the consensus estimate of $332.52 million. During the same period in the previous year, the business earned $0.28 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: “TeleTech Holdings, Inc. (TTEC) Given “Hold” Rating at SunTrust Banks, Inc.” was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/2957359/teletech-holdings-inc-ttec-given-hold-rating-at-suntrust-banks-inc.html.

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, October 17th. Investors of record on Thursday, October 5th will be given a $0.25 dividend. This represents a yield of 1.22%. The ex-dividend date is Wednesday, October 4th. This is a boost from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. TeleTech Holdings’s payout ratio is 51.55%.

Hedge funds have recently modified their holdings of the stock. Legato Capital Management LLC increased its position in TeleTech Holdings by 888.7% in the 2nd quarter. Legato Capital Management LLC now owns 16,620 shares of the business services provider’s stock valued at $678,000 after acquiring an additional 14,939 shares during the period. Victory Capital Management Inc. increased its position in TeleTech Holdings by 24.6% in the 1st quarter. Victory Capital Management Inc. now owns 5,826 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 1,151 shares during the period. JPMorgan Chase & Co. increased its position in TeleTech Holdings by 30.0% in the 1st quarter. JPMorgan Chase & Co. now owns 59,122 shares of the business services provider’s stock valued at $1,750,000 after acquiring an additional 13,627 shares during the period. Dimensional Fund Advisors LP increased its position in TeleTech Holdings by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,387,448 shares of the business services provider’s stock valued at $41,068,000 after acquiring an additional 7,245 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in TeleTech Holdings by 5.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 83,442 shares of the business services provider’s stock valued at $2,470,000 after acquiring an additional 4,251 shares during the period. Hedge funds and other institutional investors own 25.74% of the company’s stock.

About TeleTech Holdings

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).

Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.