Credit Industriel ET Commercial Has $238,000 Stock Position in TeleTech Holdings, Inc. $TTEC

Credit Industriel ET Commercial decreased its position in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 50.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,580 shares of the business services provider’s stock after selling 50,234 shares during the quarter. Credit Industriel ET Commercial owned approximately 0.10% of TeleTech worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC boosted its position in TeleTech by 27.1% during the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider’s stock worth $86,000 after buying an additional 5,560 shares during the period. Federated Hermes Inc. lifted its position in shares of TeleTech by 79.3% in the 1st quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider’s stock worth $6,719,000 after purchasing an additional 903,090 shares during the period. XTX Topco Ltd acquired a new position in shares of TeleTech in the 1st quarter worth approximately $124,000. Citizens Financial Group Inc. RI acquired a new position in TeleTech in the first quarter valued at $487,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of TeleTech by 239.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider’s stock valued at $2,077,000 after purchasing an additional 445,440 shares during the period. 38.03% of the stock is owned by institutional investors and hedge funds.

TeleTech Stock Performance

TTEC opened at $3.40 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.99. The company’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $4.29. TeleTech Holdings, Inc. has a 1-year low of $2.67 and a 1-year high of $6.15. The company has a market cap of $164.76 million, a price-to-earnings ratio of -6.30, a PEG ratio of 0.38 and a beta of 1.18.

Analyst Upgrades and Downgrades

TTEC has been the topic of several recent analyst reports. Barrington Research reissued a “market perform” rating on shares of TeleTech in a research note on Monday, August 18th. Zacks Research upgraded shares of TeleTech to a “hold” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TeleTech in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of TeleTech from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TeleTech currently has a consensus rating of “Reduce” and an average price target of $3.50.

TeleTech Company Profile

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.