TeleTech Holdings, Inc. (TTEC) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its position in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 58.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,806 shares of the business services provider’s stock after buying an additional 11,323 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.07% of TeleTech Holdings worth $1,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System grew its holdings in TeleTech Holdings by 1.2% during the 1st quarter. Arizona State Retirement System now owns 8,195 shares of the business services provider’s stock valued at $243,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of TeleTech Holdings by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,730 shares of the business services provider’s stock worth $152,000 after purchasing an additional 160 shares during the period. Mason Street Advisors LLC boosted its holdings in shares of TeleTech Holdings by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock worth $109,000 after purchasing an additional 242 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of TeleTech Holdings by 4.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,970 shares of the business services provider’s stock worth $266,000 after purchasing an additional 380 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of TeleTech Holdings by 1.4% in the 2nd quarter. Bessemer Group Inc. now owns 30,711 shares of the business services provider’s stock worth $1,253,000 after purchasing an additional 411 shares during the period. Institutional investors and hedge funds own 25.74% of the company’s stock.

A number of brokerages have recently commented on TTEC. BidaskClub cut TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut TeleTech Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 19th.

TeleTech Holdings, Inc. (NASDAQ TTEC) opened at 39.00 on Tuesday. The stock has a 50 day moving average price of $40.07 and a 200-day moving average price of $36.98. The stock has a market cap of $1.79 billion, a PE ratio of 40.54 and a beta of 0.92. TeleTech Holdings, Inc. has a one year low of $24.45 and a one year high of $43.45.

TeleTech Holdings (NASDAQ:TTEC) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.05. The company had revenue of $353.42 million during the quarter, compared to analyst estimates of $332.52 million. TeleTech Holdings had a return on equity of 19.49% and a net margin of 3.30%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. Equities research analysts expect that TeleTech Holdings, Inc. will post $1.77 earnings per share for the current fiscal year.

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TeleTech Holdings 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).

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

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