TeleTech Holdings, Inc. (TTEC) Issues Quarterly Earnings Results

TeleTech Holdings, Inc. (NASDAQ:TTEC) issued its earnings results on Tuesday. The business services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.35 by $0.07. TeleTech Holdings had a net margin of 4.01% and a return on equity of 15.62%. The company had revenue of $338.28 million for the quarter, compared to the consensus estimate of $324.39 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.

Shares of TeleTech Holdings (NASDAQ:TTEC) traded down 2.13% during mid-day trading on Friday, hitting $39.10. 303,279 shares of the stock were exchanged. The firm has a market cap of $1.78 billion, a P/E ratio of 43.88 and a beta of 0.80. The stock’s 50 day moving average is $31.76 and its 200 day moving average is $30.19. TeleTech Holdings has a 12 month low of $24.45 and a 12 month high of $40.45.

Earnings History for TeleTech Holdings (NASDAQ:TTEC)

Several research firms recently weighed in on TTEC. TheStreet cut shares of TeleTech Holdings from a “b” rating to a “c+” rating in a report on Wednesday, March 8th. Zacks Investment Research upgraded shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.

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In other news, Director Shrikant Mehta sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $39.61, for a total transaction of $594,150.00. Following the transaction, the director now owns 76,509 shares in the company, valued at $3,030,521.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 67.30% of the company’s stock.

A number of large investors have recently modified their holdings of TTEC. Credit Suisse AG increased its stake in shares of TeleTech Holdings by 24.6% in the first quarter. Credit Suisse AG now owns 26,627 shares of the business services provider’s stock worth $789,000 after buying an additional 5,264 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of TeleTech Holdings by 5.6% in the first quarter. Teachers Advisors LLC now owns 31,618 shares of the business services provider’s stock worth $936,000 after buying an additional 1,686 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of TeleTech Holdings by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 83,442 shares of the business services provider’s stock worth $2,470,000 after buying an additional 4,251 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of TeleTech Holdings by 9.7% in the first quarter. Geode Capital Management LLC now owns 167,861 shares of the business services provider’s stock worth $4,968,000 after buying an additional 14,807 shares during the last quarter. 26.96% of the stock is currently owned by institutional investors.

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).

5 Day Chart for NASDAQ:TTEC

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