Zacks: Brokerages Set $36.50 Target Price for TeleTech Holdings, Inc. (NASDAQ:TTEC)
Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) have earned a consensus broker rating score of 2.50 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 12 month consensus price objective of $36.50 for the company and are forecasting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned TeleTech Holdings an industry rank of 47 out of 265 based on the ratings given to related companies.
A number of analysts have commented on the stock. TheStreet upgraded shares of TeleTech Holdings from a “c+” rating to a “b” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded shares of TeleTech Holdings from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.
TeleTech Holdings (TTEC) opened at 41.00 on Friday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 46.02 and a beta of 0.90. The company has a 50-day moving average price of $40.52 and a 200 day moving average price of $32.95. TeleTech Holdings has a 52-week low of $24.45 and a 52-week high of $42.90.
TeleTech Holdings (NASDAQ:TTEC) last released its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.07. The company had revenue of $338.28 million during the quarter, compared to the consensus estimate of $324.39 million. TeleTech Holdings had a net margin of 3.19% and a return on equity of 18.07%. TeleTech Holdings’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts expect that TeleTech Holdings will post $1.76 earnings per share for the current year.
In other news, EVP Robert N. Jimenez sold 6,500 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $42.58, for a total value of $276,770.00. Following the completion of the sale, the executive vice president now owns 9,390 shares of the company’s stock, valued at approximately $399,826.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shrikant Mehta sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $39.61, for a total transaction of $594,150.00. Following the completion of the sale, the director now directly owns 76,509 shares of the company’s stock, valued at approximately $3,030,521.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,817 shares of company stock valued at $926,247. 70.00% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System boosted its stake in TeleTech Holdings by 1.2% in the first 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 during the period. Mason Street Advisors LLC boosted its stake in TeleTech Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,695 shares of the business services provider’s stock valued at $109,000 after buying an additional 242 shares during the period. Thrivent Financial For Lutherans boosted its stake in TeleTech Holdings by 4.4% in the first quarter. Thrivent Financial For Lutherans now owns 8,970 shares of the business services provider’s stock valued at $266,000 after buying an additional 380 shares during the period. Thrivent Financial for Lutherans boosted its stake in TeleTech Holdings by 4.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,590 shares of the business services provider’s stock valued at $262,000 after buying an additional 400 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in TeleTech Holdings by 24.6% in the first quarter. Victory Capital Management Inc. now owns 5,826 shares of the business services provider’s stock valued at $172,000 after buying an additional 1,151 shares during the period. 27.30% of the stock is owned by institutional investors and hedge funds.
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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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