TeleTech Holdings Inc. (NASDAQ:TTEC) announced a dividend on Monday, September 26th. Shareholders of record on Monday, October 3rd will be given a dividend of 0.20 per share on Friday, October 14th. The ex-dividend date is Thursday, September 29th.
Shares of TeleTech Holdings (NASDAQ:TTEC) opened at 29.21 on Monday. The firm has a 50 day moving average price of $28.83 and a 200 day moving average price of $27.88. TeleTech Holdings has a 12-month low of $24.19 and a 12-month high of $30.75. The stock has a market cap of $1.38 billion, a PE ratio of 27.82 and a beta of 0.99.
TeleTech Holdings (NASDAQ:TTEC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.28 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.28. The business earned $305.10 million during the quarter, compared to analyst estimates of $305.72 million. TeleTech Holdings had a return on equity of 14.42% and a net margin of 4.02%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. On average, equities analysts expect that TeleTech Holdings will post $1.61 EPS for the current year.
In other TeleTech Holdings news, EVP Martin F. Deghetto sold 12,541 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $28.00, for a total transaction of $351,148.00. Following the completion of the sale, the executive vice president now owns 86,913 shares of the company’s stock, valued at $2,433,564. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory A. Conley sold 1,500 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $27.34, for a total value of $41,010.00. Following the sale, the director now directly owns 5,667 shares of the company’s stock, valued at approximately $154,935.78. The disclosure for this sale can be found here. 67.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in TTEC. Arizona State Retirement System raised its stake in TeleTech Holdings by 1.2% in the second quarter. Arizona State Retirement System now owns 8,495 shares of the company’s stock valued at $230,000 after buying an additional 100 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in TeleTech Holdings by 4.5% in the second quarter. Thrivent Financial for Lutherans now owns 7,910 shares of the company’s stock valued at $215,000 after buying an additional 340 shares in the last quarter. BlackRock Advisors LLC raised its stake in TeleTech Holdings by 5.6% in the second quarter. BlackRock Advisors LLC now owns 8,167 shares of the company’s stock valued at $222,000 after buying an additional 433 shares in the last quarter. Hsbc Holdings PLC raised its stake in TeleTech Holdings by 2.8% in the second quarter. Hsbc Holdings PLC now owns 34,464 shares of the company’s stock valued at $935,000 after buying an additional 952 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in TeleTech Holdings by 5.0% in the second quarter. BlackRock Group LTD now owns 22,917 shares of the company’s stock valued at $622,000 after buying an additional 1,085 shares in the last quarter. 27.95% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on TTEC shares. Wells Fargo & Co. lowered TeleTech Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, August 8th. Sidoti began coverage on TeleTech Holdings in a report on Monday, August 29th. They issued a “neutral” rating and a $32.00 price objective for the company. Finally, Zacks Investment Research raised TeleTech Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. TeleTech Holdings currently has an average rating of “Hold” and a consensus price target of $31.00.
TeleTech Holdings Company Profile
TeleTech Holdings, Inc (TeleTech) is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions. 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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