The TeleTech Holdings Inc. (TTEC) Cut to “Sell” at Zacks Investment Research

The TeleTech Holdings Inc. (TTEC) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of TeleTech Holdings Inc. (NASDAQ:TTEC) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

According to Zacks, “TeleTech Holdings, Inc. is a leading provider of eCommerce-enabling customer management solutions for large domestic, foreign and multinational companies. The company’s programs include both automated and human-assisted support and involve all stages of the customer relationship. Programs consist of a variety of customer management and product support activities, such as providing new product information, enrolling customers in client programs, providing 24-hour technical and help desk support and resolving customer complaints. “

Other equities research analysts have also issued research reports about the company. Wells Fargo & Co. lowered TeleTech Holdings from an outperform rating to a market perform rating in a research report on Monday, August 8th. Sidoti assumed coverage on TeleTech Holdings in a research report on Monday, August 29th. They set a neutral rating and a $32.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $31.00.

Shares of TeleTech Holdings (NASDAQ:TTEC) opened at 28.40 on Friday. The firm’s 50-day moving average price is $28.67 and its 200-day moving average price is $27.97. The company has a market cap of $1.34 billion, a PE ratio of 27.05 and a beta of 0.89. TeleTech Holdings has a 12 month low of $24.19 and a 12 month high of $30.75.

TeleTech Holdings (NASDAQ:TTEC) last issued its earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. TeleTech Holdings had a return on equity of 14.42% and a net margin of 4.02%. The firm had revenue of $305.10 million for the quarter, compared to analysts’ expectations of $305.72 million. During the same quarter last year, the business earned $0.34 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that TeleTech Holdings will post $1.61 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Friday, October 14th. Stockholders of record on Monday, October 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a dividend yield of 1.37%. This is a positive change from TeleTech Holdings’s previous semiannual dividend of $0.19. TeleTech Holdings’s dividend payout ratio (DPR) is currently 38.10%.

In related news, Director Gregory A. Conley sold 1,500 shares of TeleTech Holdings stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $27.34, for a total value of $41,010.00. Following the sale, the director now owns 5,667 shares of the company’s stock, valued at approximately $154,935.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Martin F. Deghetto sold 14,245 shares of TeleTech Holdings stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $28.37, for a total value of $404,130.65. Following the completion of the sale, the executive vice president now directly owns 81,248 shares in the company, valued at approximately $2,305,005.76. The disclosure for this sale can be found here. Insiders own 67.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its stake in shares of TeleTech Holdings by 1.4% in the third quarter. Eqis Capital Management Inc. now owns 7,636 shares of the company’s stock worth $221,000 after buying an additional 107 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of TeleTech Holdings by 27.7% in the second quarter. Macquarie Group Ltd. now owns 551,580 shares of the company’s stock worth $14,964,000 after buying an additional 119,756 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of TeleTech Holdings by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 71,927 shares of the company’s stock worth $1,952,000 after buying an additional 1,368 shares in the last quarter. Numeric Investors LLC purchased a new stake in shares of TeleTech Holdings during the second quarter worth about $399,000. Finally, Arizona State Retirement System raised its stake in shares of TeleTech Holdings by 1.2% in the second quarter. Arizona State Retirement System now owns 8,495 shares of the company’s stock worth $230,000 after buying an additional 100 shares in the last quarter. 27.95% of the stock is currently owned by institutional investors and hedge funds.

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).

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