Schwab Charles Investment Management Inc. boosted its position in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,442 shares of the business services provider’s stock after buying an additional 4,251 shares during the period. Schwab Charles Investment Management Inc. owned 0.18% of TeleTech Holdings worth $2,470,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in TeleTech Holdings during the first quarter worth approximately $268,000. JPMorgan Chase & Co. boosted its stake in TeleTech Holdings by 30.0% in the first quarter. JPMorgan Chase & Co. now owns 59,122 shares of the business services provider’s stock worth $1,750,000 after buying an additional 13,627 shares during the last quarter. Mason Street Advisors LLC boosted its stake 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. Martingale Asset Management L P boosted its stake in TeleTech Holdings by 3.0% in the first quarter. Martingale Asset Management L P now owns 78,709 shares of the business services provider’s stock worth $2,330,000 after buying an additional 2,300 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in TeleTech Holdings during the first quarter worth approximately $519,000. 27.03% of the stock is owned by institutional investors and hedge funds.
TeleTech Holdings, Inc. (TTEC) traded up 0.25% during midday trading on Wednesday, reaching $40.35. 24,036 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $41.17 and a 200 day moving average price of $35.73. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 41.94 and a beta of 0.90. TeleTech Holdings, Inc. has a 12-month low of $24.45 and a 12-month high of $43.45.
TeleTech Holdings (NASDAQ:TTEC) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $353.42 million during the quarter, compared to the consensus estimate of $332.52 million. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, analysts expect that TeleTech Holdings, Inc. will post $1.77 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Schwab Charles Investment Management Inc. Has $2.47 Million Stake in TeleTech Holdings, Inc. (TTEC)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://stocknewstimes.com/2017/08/23/schwab-charles-investment-management-inc-has-2-47-million-stake-in-teletech-holdings-inc-ttec.html.
A number of equities research analysts have commented on the stock. BidaskClub cut shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, TheStreet upgraded shares of TeleTech Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 11th.
In related news, SVP Steven C. Pollema sold 1,317 shares of TeleTech Holdings stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $42.01, for a total value of $55,327.17. Following the completion of the sale, the senior vice president now directly owns 6,880 shares in the company, valued at $289,028.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert N. Jimenez sold 6,500 shares of TeleTech Holdings 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 completion of the sale, the executive vice president now owns 9,390 shares of the company’s stock, valued at $399,826.20. The disclosure for this sale can be found here. Insiders own 70.00% of the company’s stock.
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).
Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
