Citadel Advisors LLC raised its stake in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 58.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,252 shares of the business services provider’s stock after buying an additional 25,572 shares during the period. Citadel Advisors LLC owned 0.15% of TeleTech Holdings worth $2,050,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of TeleTech Holdings during the fourth quarter worth approximately $11,308,000. First Manhattan Co. boosted its position 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 worth $6,789,000 after buying an additional 171,438 shares during the last quarter. Vanguard Group Inc. raised its stake in TeleTech Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,025,299 shares of the business services provider’s stock valued at $59,949,000 after buying an additional 105,580 shares during the period. Legato Capital Management LLC raised its stake in 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 during the period. Finally, WBI Investments Inc. acquired a new stake in TeleTech Holdings during the first quarter valued at $871,000. Hedge funds and other institutional investors own 27.31% of the company’s stock.
Shares of TeleTech Holdings, Inc. (NASDAQ TTEC) remained flat at $40.85 during midday trading on Tuesday. The company’s stock had a trading volume of 84,733 shares. TeleTech Holdings, Inc. has a 1-year low of $24.45 and a 1-year high of $42.90. The company has a market cap of $1.86 billion, a P/E ratio of 45.85 and a beta of 0.90. The company has a 50 day moving average of $41.13 and a 200-day moving average of $33.87.
TeleTech Holdings (NASDAQ:TTEC) last released its earnings results on Tuesday, May 9th. The business services provider reported $0.42 earnings per share (EPS) 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 firm had revenue of $338.28 million for the quarter, compared to the consensus estimate of $324.39 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. On average, analysts predict that TeleTech Holdings, Inc. will post $1.76 EPS for the current year.
TTEC has been the topic of a number of recent research reports. Zacks Investment Research lowered TeleTech Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. TheStreet raised TeleTech Holdings from a “c+” rating to a “b” rating in a research note on Thursday, May 11th.
In other TeleTech Holdings news, EVP Robert N. Jimenez sold 6,500 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $42.58, for a total transaction of $276,770.00. Following the sale, the executive vice president now directly owns 9,390 shares of the company’s stock, valued at approximately $399,826.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shrikant Mehta sold 15,000 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $39.61, for a total value of $594,150.00. Following the sale, the director now directly owns 76,509 shares in the company, valued at $3,030,521.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,817 shares of company stock worth $926,247. 70.00% of the stock is owned by insiders.
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).