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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTEC. JPMorgan Chase & Co. increased its position in TeleTech by 77.0% during the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock valued at $84,000 after purchasing an additional 7,347 shares during the period. Shay Capital LLC acquired a new stake in shares of TeleTech in the 4th quarter worth about $86,000. AE Wealth Management LLC boosted its stake in TeleTech by 27.1% during the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider's stock valued at $86,000 after purchasing an additional 5,560 shares during the last quarter. Jump Financial LLC acquired a new position in TeleTech during the 4th quarter valued at about $110,000. Finally, Toronto Dominion Bank purchased a new position in TeleTech during the 4th quarter worth $117,000. Institutional investors and hedge funds own 38.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TTEC shares. Wall Street Zen raised shares of TeleTech from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Barrington Research reiterated a "market perform" rating on shares of TeleTech in a research note on Monday, August 18th. Finally, Zacks Research raised TeleTech to a "hold" rating in a report on Friday, August 8th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $3.50.

TeleTech Trading Up 4.4%

Shares of TTEC stock opened at $3.80 on Monday. The stock has a market capitalization of $184.15 million, a price-to-earnings ratio of -7.04, a PEG ratio of 0.40 and a beta of 1.26. The company's fifty day simple moving average is $4.56 and its two-hundred day simple moving average is $4.26. TeleTech Holdings, Inc. has a 1 year low of $2.67 and a 1 year high of $6.28. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.77 and a quick ratio of 1.77.

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.

Want to see what other hedge funds are holding TTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TeleTech Holdings, Inc. (NASDAQ:TTEC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.