TeleTech Holdings, Inc. (NASDAQ:TTEC) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 476,315 shares, a decrease of 28.7% from the July 31st total of 668,262 shares. Based on an average daily trading volume, of 107,210 shares, the short-interest ratio is presently 4.4 days. Approximately 3.5% of the shares of the company are short sold.

Shares of TeleTech Holdings (NASDAQ:TTEC) opened at 39.30 on Tuesday. The company’s 50 day moving average price is $41.05 and its 200-day moving average price is $35.93. TeleTech Holdings has a 1-year low of $24.45 and a 1-year high of $43.45. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 40.85 and a beta of 0.90.

TeleTech Holdings (NASDAQ:TTEC) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $353.42 million for 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 revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. On average, equities analysts forecast that TeleTech Holdings will post $1.77 earnings per share for the current year.

A number of research analysts have recently commented on the company. BidaskClub cut TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut TeleTech Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, TheStreet raised TeleTech Holdings from a “c+” rating to a “b” rating in a research report on Thursday, May 11th.

In other news, SVP Steven C. Pollema sold 1,317 shares of the company’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 of the company’s stock, valued at approximately $289,028.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert N. Jimenez sold 6,500 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. 70.00% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Mason Street Advisors LLC raised 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 valued at $109,000 after buying an additional 242 shares during the last quarter. State of Alaska Department of Revenue raised its stake in TeleTech Holdings by 78.2% in the second quarter. State of Alaska Department of Revenue now owns 3,100 shares of the business services provider’s stock valued at $126,000 after buying an additional 1,360 shares during the last quarter. Simplex Trading LLC purchased a new stake in TeleTech Holdings during the second quarter valued at about $145,000. Municipal Employees Retirement System of Michigan raised its stake in TeleTech Holdings by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock valued at $152,000 after buying an additional 160 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake 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 valued at $172,000 after buying an additional 1,151 shares during the last quarter. 25.74% of the stock is currently owned by institutional investors and hedge funds.

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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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