Emerald Acquisition Ltd. bought a new stake in shares of TeleTech Holdings Inc. (NASDAQ:TTEC) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 23,660 shares of the company’s stock, valued at approximately $641,000.
A number of other institutional investors have also bought and sold shares of the stock. Prudential Financial Inc. increased its position in 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 during the period. Zebra Capital Management LLC increased its position in TeleTech Holdings by 24.1% in the first quarter. Zebra Capital Management LLC now owns 34,691 shares of the company’s stock valued at $963,000 after buying an additional 6,733 shares during the period. UBS Group AG increased its position in TeleTech Holdings by 3.4% in the first quarter. UBS Group AG now owns 55,355 shares of the company’s stock valued at $1,537,000 after buying an additional 1,816 shares during the period. Goldman Sachs Group Inc. increased its position in TeleTech Holdings by 10.2% in the first quarter. Goldman Sachs Group Inc. now owns 30,987 shares of the company’s stock valued at $860,000 after buying an additional 2,868 shares during the period. Finally, Ulysses Management LLC increased its position in 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 during the period. Hedge funds and other institutional investors own 27.95% of the company’s stock.
TeleTech Holdings Inc. (NASDAQ:TTEC) traded up 0.25% during midday trading on Friday, hitting $28.24. 51,691 shares of the company traded hands. TeleTech Holdings Inc. has a 12-month low of $24.19 and a 12-month high of $30.75. The company has a market cap of $1.33 billion, a PE ratio of 26.90 and a beta of 0.89. The stock has a 50 day moving average price of $28.62 and a 200-day moving average price of $27.99.
TeleTech Holdings (NASDAQ:TTEC) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. TeleTech Holdings had a return on equity of 14.42% and a net margin of 4.02%. The firm earned $305.10 million during the quarter, compared to analyst estimates of $305.72 million. During the same period in the prior year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts expect that TeleTech Holdings Inc. will post $1.61 EPS for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Friday, October 14th. Shareholders of record on Monday, October 3rd were paid a dividend of $0.20 per share. This is a positive change from TeleTech Holdings’s previous semiannual dividend of $0.19. This represents a yield of 1.37%. The ex-dividend date of this dividend was Thursday, September 29th. TeleTech Holdings’s dividend payout ratio is currently 38.10%.
Several research firms have issued reports on TTEC. Zacks Investment Research raised shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Wells Fargo & Co. cut shares of TeleTech Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, August 8th. Finally, Sidoti began coverage on shares of TeleTech Holdings in a research note on Monday, August 29th. They set a “neutral” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.00.
In other TeleTech Holdings news, Director Gregory A. Conley sold 1,500 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $27.34, for a total transaction of $41,010.00. Following the completion of the transaction, the director now directly owns 5,667 shares in the company, valued at $154,935.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 67.30% of the company’s stock.
TeleTech Holdings Company Profile
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).