Legal & General Group Plc Has $1.08 Million Position in TeleTech Holdings, Inc. (TTEC)

Legal & General Group Plc lessened its position in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,872 shares of the business services provider’s stock after selling 2,054 shares during the period. Legal & General Group Plc owned approximately 0.06% of TeleTech worth $1,080,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its holdings in shares of TeleTech 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 acquiring an additional 160 shares during the period. Thrivent Financial For Lutherans increased its stake in TeleTech by 4.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,360 shares of the business services provider’s stock valued at $382,000 after buying an additional 390 shares during the period. Voya Investment Management LLC increased its stake in TeleTech by 8.1% during the 2nd quarter. Voya Investment Management LLC now owns 10,136 shares of the business services provider’s stock valued at $414,000 after buying an additional 759 shares during the period. Victory Capital Management Inc. increased its stake in TeleTech by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 6,855 shares of the business services provider’s stock valued at $280,000 after buying an additional 1,029 shares during the period. Finally, California Public Employees Retirement System increased its stake in TeleTech by 2.7% during the 2nd quarter. California Public Employees Retirement System now owns 49,100 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 1,300 shares during the period. 24.80% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Steven C. Pollema sold 9,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $40.00, for a total transaction of $360,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 70.00% of the company’s stock.

TeleTech Holdings, Inc. (NASDAQ TTEC) opened at $40.25 on Tuesday. The company has a market cap of $1,845.43, a PE ratio of 38.33, a price-to-earnings-growth ratio of 2.30 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.13 and a current ratio of 2.13. TeleTech Holdings, Inc. has a 52 week low of $28.20 and a 52 week high of $43.75.

TeleTech (NASDAQ:TTEC) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.38. The firm had revenue of $359.04 million for the quarter, compared to analysts’ expectations of $348.94 million. TeleTech had a net margin of 3.45% and a return on equity of 19.24%. TeleTech’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. equities research analysts forecast that TeleTech Holdings, Inc. will post 1.75 earnings per share for the current year.

Several equities analysts have commented on TTEC shares. Zacks Investment Research cut shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine cut shares of TeleTech from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut shares of TeleTech from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, SunTrust Banks reissued a “hold” rating and set a $43.00 target price on shares of TeleTech in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $43.50.

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

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