Dimensional Fund Advisors LP boosted its position in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,380,203 shares of the business services provider’s stock after buying an additional 9,762 shares during the period. Dimensional Fund Advisors LP owned 2.97% of TeleTech Holdings worth $42,097,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in TTEC. State Street Corp raised its stake in shares of TeleTech Holdings by 3.8% in the fourth quarter. State Street Corp now owns 375,056 shares of the business services provider’s stock worth $11,440,000 after buying an additional 13,666 shares during the last quarter. Comerica Bank raised its position in TeleTech Holdings by 0.3% in the fourth quarter. Comerica Bank now owns 251,239 shares of the business services provider’s stock worth $7,675,000 after buying an additional 701 shares in the last quarter. Bessemer Group Inc. raised its position in TeleTech Holdings by 0.3% in the fourth quarter. Bessemer Group Inc. now owns 30,300 shares of the business services provider’s stock worth $924,000 after buying an additional 100 shares in the last quarter. Citadel Advisors LLC raised its position in TeleTech Holdings by 62.0% in the third quarter. Citadel Advisors LLC now owns 95,323 shares of the business services provider’s stock worth $2,763,000 after buying an additional 36,465 shares in the last quarter. Finally, Matarin Capital Management LLC bought a new position in TeleTech Holdings during the third quarter worth approximately $2,455,000. 26.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) traded up 0.33% during trading on Friday, reaching $30.65. The company’s stock had a trading volume of 43,284 shares. The stock’s 50 day moving average price is $29.84 and its 200-day moving average price is $29.44. TeleTech Holdings, Inc. has a 52-week low of $24.45 and a 52-week high of $31.97. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 43.17 and a beta of 0.80.
TeleTech Holdings (NASDAQ:TTEC) last released its earnings results on Wednesday, March 8th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.04. TeleTech Holdings had a net margin of 4.01% and a return on equity of 15.62%. The firm earned $344.90 million during the quarter, compared to analyst estimates of $340.06 million. During the same period in the previous year, the company earned $0.47 earnings per share. TeleTech Holdings’s revenue was up .9% on a year-over-year basis. Equities analysts anticipate that TeleTech Holdings, Inc. will post $1.63 EPS for the current year.
The company also recently announced a semiannual dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were given a $0.22 dividend. This represents a dividend yield of 1.41%. This is an increase from TeleTech Holdings’s previous semiannual dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 29th. TeleTech Holdings’s dividend payout ratio is presently 37.74%.
A number of equities analysts recently commented on TTEC shares. TheStreet lowered TeleTech Holdings from a “b” rating to a “c+” rating in a research note on Wednesday, March 8th. Zacks Investment Research raised TeleTech Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, January 17th.
TeleTech Holdings Company Profile
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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