Zacks: Brokerages Set $36.50 Target Price for TeleTech Holdings, Inc. (NASDAQ:TTEC)
TeleTech Holdings, Inc. (NASDAQ:TTEC) has been given a consensus broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Analysts have set a one year consensus target price of $36.50 for the company and are forecasting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also given TeleTech Holdings an industry rank of 47 out of 265 based on the ratings given to related companies.
TTEC has been the subject of a number of research analyst reports. Zacks Investment Research cut TeleTech Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. TheStreet raised TeleTech Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 11th.
In other news, Director Shrikant Mehta sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $39.61, for a total value of $594,150.00. Following the completion of the sale, the director now directly owns 76,509 shares in the company, valued at $3,030,521.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steven C. Pollema sold 1,317 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were 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 owns 6,880 shares of the company’s stock, valued at $289,028.80. The disclosure for this sale can be found here. Insiders sold 22,817 shares of company stock valued at $926,247 over the last 90 days. Company insiders own 70.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Credit Suisse AG raised its stake in TeleTech Holdings by 24.6% in the first quarter. Credit Suisse AG now owns 26,627 shares of the business services provider’s stock worth $789,000 after buying an additional 5,264 shares during the period. Bank of America Corp DE raised its stake in TeleTech Holdings by 19.7% in the first quarter. Bank of America Corp DE now owns 75,686 shares of the business services provider’s stock worth $2,241,000 after buying an additional 12,446 shares during the period. Schwab Charles Investment Management Inc. raised its stake in TeleTech Holdings by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 83,442 shares of the business services provider’s stock worth $2,470,000 after buying an additional 4,251 shares during the period. Citadel Advisors LLC raised its stake in TeleTech Holdings by 58.5% in the first quarter. Citadel Advisors LLC now owns 69,252 shares of the business services provider’s stock worth $2,050,000 after buying an additional 25,572 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in TeleTech Holdings by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,387,448 shares of the business services provider’s stock worth $41,068,000 after buying an additional 7,245 shares during the period. Institutional investors and hedge funds own 27.30% of the company’s stock.
TeleTech Holdings (TTEC) opened at 41.00 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of 46.02 and a beta of 0.90. TeleTech Holdings has a 12 month low of $24.45 and a 12 month high of $42.90. The firm has a 50 day moving average of $40.52 and a 200-day moving average of $32.95.
TeleTech Holdings (NASDAQ:TTEC) last announced its earnings results on Tuesday, May 9th. The business services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $324.39 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts forecast that TeleTech Holdings will post $1.76 earnings per share for the current year.
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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