TeleTech (NASDAQ:TTEC) Issues Quarterly Earnings Results

TeleTech (NASDAQ:TTEC) posted its earnings results on Thursday. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08, FiscalAI reports. The firm had revenue of $569.96 million during the quarter, compared to analysts’ expectations of $514.53 million. TeleTech had a positive return on equity of 8.95% and a negative net margin of 0.84%.

TeleTech Stock Performance

TTEC stock traded up $0.08 during mid-day trading on Thursday, hitting $2.21. 798,820 shares of the company were exchanged, compared to its average volume of 326,746. The business has a 50 day simple moving average of $3.13 and a 200-day simple moving average of $3.36. The stock has a market capitalization of $107.30 million, a PE ratio of -5.82, a price-to-earnings-growth ratio of 0.20 and a beta of 1.07. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.14. TeleTech has a 1-year low of $1.98 and a 1-year high of $5.60.

Analyst Ratings Changes

TTEC has been the topic of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research note on Wednesday, January 21st. William Blair lowered TeleTech from an “outperform” rating to a “market perform” rating in a research report on Monday, November 10th. Finally, Wall Street Zen cut TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $3.50.

Institutional Investors Weigh In On TeleTech

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC bought a new position in TeleTech in the 3rd quarter valued at approximately $35,000. XTX Topco Ltd bought a new position in shares of TeleTech in the 4th quarter valued at $43,000. Quarry LP acquired a new stake in shares of TeleTech during the 3rd quarter valued at $56,000. Jain Global LLC increased its holdings in TeleTech by 44.1% in the 4th quarter. Jain Global LLC now owns 17,970 shares of the business services provider’s stock worth $65,000 after purchasing an additional 5,498 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in TeleTech in the third quarter valued at about $74,000. 38.03% of the stock is owned by institutional investors.

About TeleTech

TTEC Holdings, Inc (NASDAQ: TTEC) is a global customer experience technology and services company that designs, builds and delivers transformative solutions for customer acquisition and engagement. Leveraging a combination of digital consulting, technology, analytics and operations services, TTEC helps clients across industries enhance their customer journeys, automate key processes and harness data-driven insights to foster loyalty and drive revenue growth.

The company’s core offerings span end-to-end customer engagement solutions, including customer experience (CX) strategy consulting, cloud migration, omni-channel contact center operations and managed services.