Dimensional Fund Advisors LP lessened its holdings in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,382,533 shares of the business services provider’s stock after selling 8,674 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.02% of TeleTech worth $57,721,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TTEC. Goldman Sachs Group Inc. raised its position in TeleTech by 146.9% during the second quarter. Goldman Sachs Group Inc. now owns 127,711 shares of the business services provider’s stock valued at $5,211,000 after acquiring an additional 75,993 shares in the last quarter. Vanguard Group Inc. raised its position in TeleTech by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,083,206 shares of the business services provider’s stock valued at $84,995,000 after acquiring an additional 57,907 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in TeleTech during the second quarter valued at approximately $1,898,000. Alliancebernstein L.P. raised its position in TeleTech by 148.2% during the second quarter. Alliancebernstein L.P. now owns 64,975 shares of the business services provider’s stock valued at $2,651,000 after acquiring an additional 38,800 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in TeleTech by 64.0% during the second quarter. JPMorgan Chase & Co. now owns 96,962 shares of the business services provider’s stock valued at $3,956,000 after acquiring an additional 37,840 shares in the last quarter. 24.80% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Steven C. Pollema sold 9,000 shares of TeleTech stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $40.00, for a total value of $360,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 70.00% of the company’s stock.

Several equities analysts recently weighed in on TTEC shares. SunTrust Banks reaffirmed a “hold” rating and set a $43.00 price objective on shares of TeleTech in a research report on Monday, October 9th. Zacks Investment Research raised shares of TeleTech from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, November 14th. ValuEngine lowered shares of TeleTech from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub lowered shares of TeleTech from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. TeleTech has a consensus rating of “Hold” and a consensus price target of $43.50.

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

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

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

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