Paradigm Capital Management Inc. NY Purchases New Position in TeleTech Holdings, Inc. $TTEC

Key Points

• Paradigm Capital Management Inc. NY acquired a new stake of 200,000 shares in TeleTech Holdings, Inc., valued at approximately $658,000, a 0.42% ownership in the company.
• Institutional investors collectively own 38.03% of TeleTech's stock, with notable increases from firms like JPMorgan Chase & Co. and Renaissance Technologies LLC in previous quarters.
• Analysts have recently adjusted ratings on TeleTech, with a consensus rating of "Hold" and a target price of $3.50.

Paradigm Capital Management Inc. NY acquired a new stake in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the business services provider's stock, valued at approximately $658,000. Paradigm Capital Management Inc. NY owned approximately 0.42% of TeleTech as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in TeleTech by 77.0% in the 4th quarter. JPMorgan Chase & Co. now owns 16,892 shares of the business services provider's stock worth $84,000 after buying an additional 7,347 shares during the period. Shay Capital LLC acquired a new stake in TeleTech in the 4th quarter valued at $86,000. AE Wealth Management LLC grew its stake in TeleTech by 27.1% in the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider's stock valued at $86,000 after acquiring an additional 5,560 shares during the period. Toronto Dominion Bank acquired a new stake in TeleTech in the 4th quarter valued at $117,000. Finally, Corton Capital Inc. acquired a new stake in TeleTech in the 4th quarter valued at $124,000. Institutional investors and hedge funds own 38.03% of the company's stock.

TeleTech Trading Up 3.0%

NASDAQ:TTEC traded up $0.11 on Thursday, reaching $3.82. 242,163 shares of the company's stock were exchanged, compared to its average volume of 462,113. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 2.99. The firm has a market capitalization of $185.12 million, a price-to-earnings ratio of -7.07, a price-to-earnings-growth ratio of 0.40 and a beta of 1.18. The business has a fifty day moving average of $4.34 and a 200-day moving average of $4.26. TeleTech Holdings, Inc. has a 52-week low of $2.67 and a 52-week high of $6.28.

Wall Street Analyst Weigh In

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

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.