Groupe la Francaise Buys New Shares in TeleTech Holdings, Inc. $TTEC

Key Points

• Groupe la Francaise has acquired a new stake in TeleTech Holdings, purchasing 146,002 shares valued at approximately $480,000, representing 0.31% of the company's stock.
• Several institutional investors, including JPMorgan Chase and AE Wealth Management, have recently increased their stakes in TeleTech, bringing the total institutional ownership to 38.03%.
• Analysts have raised TeleTech's rating from "hold" to "buy," contributing to the stock's recent increase in value, which is currently trading at $3.80.

Groupe la Francaise acquired a new stake in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 146,002 shares of the business services provider's stock, valued at approximately $480,000. Groupe la Francaise owned 0.31% of TeleTech at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TTEC. JPMorgan Chase & Co. lifted its position in shares of TeleTech by 77.0% during 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of TeleTech by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 465,045 shares of the business services provider's stock worth $2,321,000 after acquiring an additional 9,295 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of TeleTech by 336.9% during the fourth quarter. Renaissance Technologies LLC now owns 64,322 shares of the business services provider's stock worth $321,000 after acquiring an additional 49,600 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of TeleTech during the fourth quarter worth $142,000. Finally, Barclays PLC lifted its position in shares of TeleTech by 12.2% during the fourth quarter. Barclays PLC now owns 37,771 shares of the business services provider's stock worth $189,000 after acquiring an additional 4,117 shares in the last quarter. 38.03% of the stock is owned by institutional investors.

TeleTech Price Performance

Shares of TTEC stock traded up $0.07 on Friday, reaching $3.79. The company's stock had a trading volume of 209,414 shares, compared to its average volume of 677,730. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.99. TeleTech Holdings, Inc. has a 12-month low of $2.67 and a 12-month high of $6.28. The company has a market capitalization of $183.66 million, a P/E ratio of -7.02, a PEG ratio of 0.40 and a beta of 1.26. The stock's 50 day simple moving average is $4.41 and its 200-day simple moving average is $4.26.

Wall Street Analyst Weigh In

Several research firms have issued reports on TTEC. Zacks Research upgraded TeleTech to a "hold" rating in a research report on Friday, August 8th. Wall Street Zen upgraded TeleTech from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Barrington Research restated a "market perform" rating on shares of TeleTech in a research report on Monday, August 18th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, TeleTech has an average rating of "Hold" and an average price target of $3.50.

TeleTech 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.