TeleTech Holdings, Inc. (NASDAQ:TTEC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “TeleTech Holdings, Inc. is a leading provider of eCommerce-enabling customer management solutions for large domestic, foreign and multinational companies. The company’s programs include both automated and human-assisted support and involve all stages of the customer relationship. Programs consist of a variety of customer management and product support activities, such as providing new product information, enrolling customers in client programs, providing 24-hour technical and help desk support and resolving customer complaints. “

A number of other equities analysts have also weighed in on the stock. TheStreet upgraded shares of TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th. BidaskClub lowered shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th.

Shares of TeleTech Holdings (NASDAQ:TTEC) opened at 39.95 on Friday. The firm has a 50-day moving average price of $41.19 and a 200-day moving average price of $35.56. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 41.53 and a beta of 0.90. TeleTech Holdings has a 52 week low of $24.45 and a 52 week 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 analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $353.42 million during the quarter, compared to analysts’ expectations of $332.52 million. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. On average, equities analysts anticipate that TeleTech Holdings will post $1.77 earnings per share for the current year.

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In other news, EVP Robert N. Jimenez sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $42.58, for a total value of $276,770.00. Following the transaction, the executive vice president now directly owns 9,390 shares in the company, valued at approximately $399,826.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Steven C. Pollema sold 1,317 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 6,880 shares in the company, valued at $289,028.80. The disclosure for this sale can be found here. Corporate insiders own 70.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of TeleTech Holdings during the fourth quarter valued at $11,308,000. Teachers Advisors LLC increased its stake in shares of TeleTech Holdings by 16.4% in the fourth quarter. Teachers Advisors LLC now owns 29,932 shares of the business services provider’s stock valued at $913,000 after buying an additional 4,208 shares during the last quarter. First Manhattan Co. increased its stake in shares of TeleTech Holdings by 273.2% in the first quarter. First Manhattan Co. now owns 234,196 shares of the business services provider’s stock valued at $6,789,000 after buying an additional 171,438 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of TeleTech Holdings by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 22,822 shares of the business services provider’s stock valued at $674,000 after buying an additional 1,709 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of TeleTech Holdings by 71.5% in the first quarter. First Trust Advisors LP now owns 50,270 shares of the business services provider’s stock valued at $1,488,000 after buying an additional 20,961 shares during the last quarter. Hedge funds and other institutional investors own 27.03% 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).

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