TeleTech Holdings, Inc. (TTEC) SVP Steven C. Pollema Sells 1,317 Shares
TeleTech Holdings, Inc. (NASDAQ:TTEC) SVP Steven C. Pollema sold 1,317 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $42.01, for a total transaction of $55,327.17. Following the transaction, the senior vice president now owns 6,880 shares in the company, valued at $289,028.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) traded down 3.31% during trading on Friday, reaching $40.95. 304,298 shares of the company were exchanged. The firm’s 50 day moving average price is $37.99 and its 200 day moving average price is $32.12. TeleTech Holdings, Inc. has a one year low of $24.45 and a one year high of $42.90. The company has a market capitalization of $1.87 billion, a PE ratio of 45.96 and a beta of 0.91.
TeleTech Holdings (NASDAQ:TTEC) last issued its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. TeleTech Holdings had a return on equity of 18.07% and a net margin of 3.19%. The business had revenue of $338.28 million for the quarter, compared to analysts’ expectations of $324.39 million. During the same period last year, the business earned $0.25 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Equities research analysts forecast that TeleTech Holdings, Inc. will post $1.76 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of TeleTech Holdings during the fourth quarter valued at $11,308,000. Legato Capital Management LLC raised its stake in shares of TeleTech Holdings by 2,860.0% in the first quarter. Legato Capital Management LLC now owns 49,758 shares of the business services provider’s stock valued at $1,681,000 after buying an additional 48,077 shares in the last quarter. Zebra Capital Management LLC raised its stake in shares of TeleTech Holdings by 2.7% in the fourth quarter. Zebra Capital Management LLC now owns 41,952 shares of the business services provider’s stock valued at $1,280,000 after buying an additional 1,117 shares in the last quarter. State Street Corp raised its stake in shares of TeleTech Holdings by 3.8% in the fourth quarter. State Street Corp now owns 375,056 shares of the business services provider’s stock valued at $11,440,000 after buying an additional 13,666 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of TeleTech Holdings by 80.1% in the fourth quarter. Two Sigma Investments LP now owns 43,568 shares of the business services provider’s stock valued at $1,329,000 after buying an additional 19,380 shares in the last quarter. Institutional investors and hedge funds own 27.31% of the company’s stock.
A number of equities analysts recently weighed in on TTEC shares. TheStreet downgraded shares of TeleTech Holdings from a “b” rating to a “c+” rating in a report on Wednesday, March 8th. Zacks Investment Research upgraded shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.
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).
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