Goldman Sachs Group Inc. Decreases Stake in TeleTech Holdings, Inc. (TTEC)

Goldman Sachs Group Inc. decreased its stake in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 32.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,718 shares of the business services provider’s stock after selling 24,333 shares during the period. Goldman Sachs Group Inc. owned about 0.11% of TeleTech Holdings worth $1,531,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. State of Tennessee Treasury Department increased its stake in shares of TeleTech Holdings by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 15,439 shares of the business services provider’s stock valued at $457,000 after buying an additional 2,330 shares during the last quarter. TD Asset Management Inc. increased its stake in TeleTech Holdings by 97.4% in the first quarter. TD Asset Management Inc. now owns 23,100 shares of the business services provider’s stock worth $684,000 after buying an additional 11,400 shares in the last quarter. Karp Capital Management Corp acquired a new stake in TeleTech Holdings during the first quarter worth about $290,000. Bank of New York Mellon Corp increased its stake in TeleTech Holdings by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 342,981 shares of the business services provider’s stock worth $10,152,000 after buying an additional 22,856 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in 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 worth $1,488,000 after buying an additional 20,961 shares in the last quarter. 27.03% of the stock is owned by institutional investors and hedge funds.

TeleTech Holdings, Inc. (TTEC) opened at 39.95 on Friday. The stock has a 50 day moving average of $41.19 and a 200 day moving average of $35.56. The firm has a market capitalization of $1.83 billion, a PE ratio of 41.53 and a beta of 0.90. TeleTech Holdings, Inc. has a 12 month low of $24.45 and a 12 month 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 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. TeleTech Holdings had a net margin of 3.30% and a return on equity of 19.49%. The company had revenue of $353.42 million during the quarter, compared to analyst estimates of $332.52 million. During the same period last year, the business earned $0.28 earnings per share. TeleTech Holdings’s revenue was up 15.8% compared to the same quarter last year. On average, equities analysts predict that TeleTech Holdings, Inc. will post $1.77 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first published by BNB Daily and is owned by of BNB Daily. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/teletech-holdings-inc-ttec-position-cut-by-goldman-sachs-group-inc-updated.html.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Saturday. BidaskClub downgraded shares of TeleTech Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Finally, TheStreet raised shares of TeleTech Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 11th.

In other news, SVP Steven C. Pollema sold 1,317 shares of the firm’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 transaction, the senior vice president now directly owns 6,880 shares in the company, valued at $289,028.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert N. Jimenez sold 6,500 shares of the firm’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 transaction of $276,770.00. Following the completion of the sale, the executive vice president now directly owns 9,390 shares in the company, valued at $399,826.20. The disclosure for this sale can be found here. 70.00% of the stock is currently owned by company 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).

Institutional Ownership by Quarter for TeleTech Holdings (NASDAQ:TTEC)

Receive News & Ratings for TeleTech Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeleTech Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply