Legal & General Group Plc Cuts Position in TeleTech Holdings, Inc. (NASDAQ:TTEC)

Legal & General Group Plc lowered its position in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 0.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,366 shares of the business services provider’s stock after selling 72 shares during the period. Legal & General Group Plc owned 0.06% of TeleTech Holdings worth $780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mason Street Advisors LLC increased its position in 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. Victory Capital Management Inc. increased its position in 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 in the last quarter. Arizona State Retirement System increased its position in 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 in the last quarter. Thrivent Financial for Lutherans increased its position in 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 in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in TeleTech Holdings during the first quarter worth $268,000. Institutional investors and hedge funds own 27.03% of the company’s stock.

Shares of TeleTech Holdings, Inc. (TTEC) opened at 39.95 on Friday. The firm has a market capitalization of $1.83 billion, a PE ratio of 41.53 and a beta of 0.90. The company’s 50-day moving average price is $41.19 and its 200 day moving average price is $35.56. TeleTech Holdings, Inc. has a 12-month low of $24.45 and a 12-month high of $43.45.

TeleTech Holdings (NASDAQ:TTEC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $353.42 million for the quarter, compared to the consensus estimate of $332.52 million. During the same quarter last year, the business posted $0.28 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. On average, equities analysts forecast that TeleTech Holdings, Inc. will post $1.77 earnings per share for the current year.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded TeleTech Holdings from a “buy” rating to a “hold” rating in a research note on Saturday. TheStreet raised TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. Finally, BidaskClub cut TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th.

In related news, SVP Steven C. Pollema sold 1,317 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $42.01, for a total value of $55,327.17. Following the sale, the senior vice president now owns 6,880 shares in the company, valued at $289,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert N. Jimenez sold 6,500 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $42.58, for a total value of $276,770.00. Following the sale, the executive vice president now owns 9,390 shares in the company, valued at approximately $399,826.20. The disclosure for this sale can be found here. Company insiders own 70.00% of the company’s stock.

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).