Gotham Asset Management LLC bought a new stake in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,787 shares of the business services provider’s stock, valued at approximately $807,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Mason Street Advisors LLC increased its position in TeleTech Holdings by 7.0% during the 1st quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 242 shares during the period. State of Alaska Department of Revenue increased its position in TeleTech Holdings by 78.2% during the 2nd 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 period. Simplex Trading LLC purchased a new position in TeleTech Holdings during the 2nd quarter valued at about $145,000. Municipal Employees Retirement System of Michigan increased its position in TeleTech Holdings by 4.5% during the 2nd 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 period. Finally, Victory Capital Management Inc. increased its position in TeleTech Holdings by 24.6% during the 1st quarter. Victory Capital Management Inc. now owns 5,826 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 1,151 shares during the period. 25.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of TeleTech Holdings, Inc. (NASDAQ TTEC) traded up 0.24% on Friday, hitting $42.30. 31,322 shares of the stock were exchanged. The stock has a market cap of $1.94 billion, a PE ratio of 43.97 and a beta of 0.92. TeleTech Holdings, Inc. has a 52-week low of $24.45 and a 52-week high of $43.75. The company’s 50 day moving average is $41.20 and its 200-day moving average is $39.27.
TeleTech Holdings (NASDAQ:TTEC) last released its earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The firm had revenue of $353.42 million for the quarter, compared to analyst estimates of $332.52 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts predict that TeleTech Holdings, Inc. will post $1.77 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 17th. Investors of record on Thursday, October 5th were paid a dividend of $0.25 per share. This represents a dividend yield of 1.22%. This is a positive change from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. The ex-dividend date was Wednesday, October 4th. TeleTech Holdings’s dividend payout ratio is presently 51.55%.
A number of research firms have commented on TTEC. Zacks Investment Research downgraded shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. SunTrust Banks, Inc. reissued a “hold” rating and set a $43.00 target price on shares of TeleTech Holdings in a research report on Monday, October 9th. Finally, BidaskClub downgraded shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th.
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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).
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