TeleTech Holdings, Inc. (TTEC) Position Held by First Quadrant L P CA

First Quadrant L P CA held its position in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,100 shares of the business services provider’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in TeleTech Holdings were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TTEC. Arizona State Retirement System raised its position in shares of TeleTech Holdings by 1.2% in the first quarter. Arizona State Retirement System now owns 8,195 shares of the business services provider’s stock worth $243,000 after buying an additional 100 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of TeleTech Holdings by 7.0% in the first 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 raised its position in shares of TeleTech Holdings by 4.4% in the first 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. Thrivent Financial for Lutherans raised its position in shares of TeleTech Holdings by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,590 shares of the business services provider’s stock worth $262,000 after buying an additional 400 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of TeleTech Holdings by 24.6% in the first quarter. Victory Capital Management Inc. now owns 5,826 shares of the business services provider’s stock worth $172,000 after buying an additional 1,151 shares during the last quarter. Institutional investors own 27.24% of the company’s stock.

Shares of TeleTech Holdings, Inc. (TTEC) traded up 1.23% during mid-day trading on Thursday, hitting $41.20. The company’s stock had a trading volume of 175,055 shares. The stock has a 50-day moving average of $41.17 and a 200-day moving average of $35.05. TeleTech Holdings, Inc. has a 12-month low of $24.45 and a 12-month high of $43.45. The company has a market cap of $1.89 billion, a PE ratio of 42.83 and a beta of 0.90.

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 Thomson Reuters’ consensus estimate of $0.33 by $0.05. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The firm had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. During the same period in the prior year, the business posted $0.28 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities research analysts forecast that TeleTech Holdings, Inc. will post $1.77 EPS for the current year.

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A number of brokerages have weighed in on TTEC. Zacks Investment Research lowered TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. TheStreet upgraded TeleTech Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 11th. Finally, BidaskClub lowered TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th.

In related news, EVP Robert N. Jimenez sold 6,500 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $42.58, for a total transaction of $276,770.00. Following the transaction, the executive vice president now directly owns 9,390 shares in the company, valued at $399,826.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shrikant Mehta sold 15,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $39.61, for a total value of $594,150.00. Following the transaction, the director now owns 76,509 shares in the company, valued at $3,030,521.49. The disclosure for this sale can be found here. Insiders have sold 22,817 shares of company stock worth $926,247 over the last quarter. 70.00% of the stock is currently owned by company insiders.

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).