Citizens Financial Group Inc. RI Purchases Shares of 148,000 TeleTech Holdings, Inc. (NASDAQ:TTEC)

Key Points

• Citizens Financial Group Inc. has purchased 148,000 shares of TeleTech Holdings, valued at approximately $487,000, marking a new stake in the company.
• Other institutional investors, including JPMorgan Chase & Co., have also increased their stakes in TeleTech Holdings, with hedge funds owning 38.03% of the stock.
• TeleTech's stock price has increased by 25.3%, with recent upgrades from analysts, including a shift from a "hold" to a "buy" rating.

Citizens Financial Group Inc. RI purchased a new stake in TeleTech Holdings, Inc. (NASDAQ:TTEC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 148,000 shares of the business services provider's stock, valued at approximately $487,000. Citizens Financial Group Inc. RI owned about 0.31% of TeleTech as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of TeleTech by 77.0% in the fourth quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after acquiring an additional 7,347 shares during the period. Shay Capital LLC acquired a new position in shares of TeleTech in the fourth quarter worth about $86,000. AE Wealth Management LLC raised its position in shares of TeleTech by 27.1% in the first quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider's stock worth $86,000 after acquiring an additional 5,560 shares during the period. Jump Financial LLC acquired a new position in shares of TeleTech in the fourth quarter worth about $110,000. Finally, Toronto Dominion Bank acquired a new position in shares of TeleTech during the 4th quarter worth about $117,000. 38.03% of the stock is owned by hedge funds and other institutional investors.

TeleTech Stock Up 25.3%

TTEC opened at $3.42 on Friday. TeleTech Holdings, Inc. has a twelve month low of $2.67 and a twelve month high of $6.28. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 3.42. The company has a 50-day moving average price of $4.84 and a 200 day moving average price of $4.25. The company has a market cap of $163.58 million, a PE ratio of -6.33, a price-to-earnings-growth ratio of 0.28 and a beta of 1.26.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of TeleTech from a "hold" rating to a "buy" rating in a research report on Saturday.

TeleTech Company Profile

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.

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