Ameriprise Financial Inc. boosted its stake in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 306,266 shares of the business services provider’s stock after buying an additional 18,755 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.67% of TeleTech Holdings worth $12,495,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Arizona State Retirement System raised its position in shares of TeleTech Holdings by 1.2% in the 1st quarter. Arizona State Retirement System now owns 8,195 shares of the business services provider’s stock worth $243,000 after acquiring an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings 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 worth $152,000 after purchasing an additional 160 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of TeleTech Holdings by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock worth $109,000 after buying an additional 242 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of TeleTech Holdings by 4.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,970 shares of the business services provider’s stock worth $266,000 after buying an additional 380 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of TeleTech Holdings by 1.4% in the 2nd quarter. Bessemer Group Inc. now owns 30,711 shares of the business services provider’s stock worth $1,253,000 after buying an additional 411 shares during the last quarter. 25.74% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on TTEC shares. BidaskClub downgraded TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research downgraded TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $43.00 target price on shares of TeleTech Holdings in a research report on Monday, October 9th.
Shares of TeleTech Holdings, Inc. (NASDAQ TTEC) opened at 42.55 on Wednesday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 44.23 and a beta of 0.92. TeleTech Holdings, Inc. has a 12-month low of $24.45 and a 12-month high of $43.65. The stock’s 50 day moving average is $40.56 and its 200-day moving average is $38.57.
TeleTech Holdings (NASDAQ:TTEC) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $332.52 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, analysts expect that TeleTech Holdings, Inc. will post $1.77 earnings per share for the current year.
The company also recently declared a Semi-Annual dividend, which was paid on Tuesday, October 17th. Investors of record on Thursday, October 5th were paid a $0.25 dividend. The ex-dividend date was Wednesday, October 4th. This represents a yield of 1.22%. This is an increase from TeleTech Holdings’s previous Semi-Annual dividend of $0.22. TeleTech Holdings’s payout ratio is currently 51.55%.
TeleTech Holdings Company Profile
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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