Dimensional Fund Advisors LP increased its position in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,380,203 shares of the company’s stock after buying an additional 9,762 shares during the period. Dimensional Fund Advisors LP’s holdings in TeleTech Holdings were worth $42,097,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TTEC. Citadel Advisors LLC increased its position in TeleTech Holdings by 62.0% in the third quarter. Citadel Advisors LLC now owns 95,323 shares of the company’s stock worth $2,763,000 after buying an additional 36,465 shares in the last quarter. Matarin Capital Management LLC bought a new position in TeleTech Holdings during the third quarter worth $2,455,000. Boston Partners increased its position in TeleTech Holdings by 6.7% in the third quarter. Boston Partners now owns 1,274,227 shares of the company’s stock worth $36,939,000 after buying an additional 79,803 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in TeleTech Holdings by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,630 shares of the company’s stock worth $105,000 after buying an additional 60 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in TeleTech Holdings by 7.9% in the third quarter. BlackRock Fund Advisors now owns 1,136,697 shares of the company’s stock worth $32,953,000 after buying an additional 83,514 shares in the last quarter. Hedge funds and other institutional investors own 26.96% of the company’s stock.
Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) opened at 29.90 on Friday. The firm has a market capitalization of $1.37 billion, a PE ratio of 42.11 and a beta of 0.80. The stock has a 50 day moving average price of $30.24 and a 200-day moving average price of $29.35. TeleTech Holdings, Inc. has a 52-week low of $24.45 and a 52-week high of $31.97.
TeleTech Holdings (NASDAQ:TTEC) last posted its quarterly earnings results on Wednesday, March 8th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by $0.04. TeleTech Holdings had a return on equity of 15.62% and a net margin of 4.01%. The firm had revenue of $344.90 million for the quarter, compared to analyst estimates of $340.06 million. During the same period last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Equities analysts forecast that TeleTech Holdings, Inc. will post $1.64 EPS for the current year.
The company also recently declared a semiannual dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be paid a dividend of $0.22 per share. This is an increase from TeleTech Holdings’s previous semiannual dividend of $0.20. This represents a yield of 1.41%. The ex-dividend date is Wednesday, March 29th. TeleTech Holdings’s dividend payout ratio is 37.74%.
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A number of research firms have weighed in on TTEC. Zacks Investment Research downgraded TeleTech Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. TheStreet downgraded TeleTech Holdings from a “b” rating to a “c+” rating in a research note on Wednesday, March 8th.
About TeleTech Holdings
TeleTech Holdings, Inc (TeleTech) is a customer engagement management service provider that delivers integrated consulting, technology, growth and customer care solutions. 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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