Insider Selling: TeleTech (NASDAQ:TTEC) Director Sells 4,000 Shares of Stock

TeleTech Holdings, Inc. (NASDAQ:TTEC) Director Steven Anenen sold 4,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $3.85, for a total value of $15,400.00. Following the transaction, the director owned 53,314 shares in the company, valued at $205,258.90. This trade represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TeleTech Stock Performance

Shares of NASDAQ:TTEC traded up $0.04 on Thursday, reaching $3.70. 175,859 shares of the company’s stock were exchanged, compared to its average volume of 420,737. The business’s 50-day moving average is $3.34 and its two-hundred day moving average is $3.96. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 3.14. TeleTech Holdings, Inc. has a fifty-two week low of $2.48 and a fifty-two week high of $5.60. The firm has a market capitalization of $179.64 million, a price-to-earnings ratio of -9.74, a PEG ratio of 0.43 and a beta of 1.09.

TeleTech (NASDAQ:TTEC) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). TeleTech had a positive return on equity of 8.95% and a negative net margin of 0.84%.The business had revenue of $519.14 million during the quarter, compared to the consensus estimate of $497.92 million. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. As a group, equities research analysts forecast that TeleTech Holdings, Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on TTEC shares. William Blair downgraded TeleTech from an “outperform” rating to a “market perform” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $3.50.

Hedge Funds Weigh In On TeleTech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in shares of TeleTech by 239.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider’s stock worth $2,077,000 after purchasing an additional 445,440 shares in the last quarter. Invesco Ltd. grew its position in TeleTech by 4.8% in the 1st quarter. Invesco Ltd. now owns 91,912 shares of the business services provider’s stock valued at $302,000 after buying an additional 4,231 shares in the last quarter. Nuveen LLC acquired a new position in TeleTech during the 1st quarter valued at about $188,000. American Century Companies Inc. increased its stake in TeleTech by 20.3% during the 1st quarter. American Century Companies Inc. now owns 43,901 shares of the business services provider’s stock valued at $144,000 after buying an additional 7,393 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of TeleTech by 48.6% during the 1st quarter. Hsbc Holdings PLC now owns 91,500 shares of the business services provider’s stock worth $303,000 after buying an additional 29,940 shares in the last quarter. 38.03% of the stock is owned by institutional investors.

About TeleTech

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.