Shares of TeleTech Holdings, Inc. (NASDAQ:TTEC - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.22 and traded as high as $4.99. TeleTech shares last traded at $4.98, with a volume of 119,294 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of TeleTech from a "hold" rating to a "buy" rating in a report on Saturday, June 7th.
Check Out Our Latest Stock Report on TeleTech
TeleTech Stock Up 0.4%
The company's fifty day simple moving average is $4.85 and its 200 day simple moving average is $4.22. 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 firm has a market capitalization of $238.19 million, a PE ratio of -0.75, a price-to-earnings-growth ratio of 0.35 and a beta of 1.26.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. raised its holdings in TeleTech by 79.3% in the first quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider's stock worth $6,719,000 after purchasing an additional 903,090 shares in the last quarter. Union Square Park Capital Management LLC purchased a new stake in shares of TeleTech in the 4th quarter worth about $4,441,000. Alyeska Investment Group L.P. increased its stake in shares of TeleTech by 118.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,498,715 shares of the business services provider's stock worth $7,479,000 after acquiring an additional 813,479 shares in the last quarter. Beryl Capital Management LLC purchased a new position in TeleTech during the 4th quarter valued at about $2,385,000. Finally, Charles Schwab Investment Management Inc. lifted its position in TeleTech by 239.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider's stock valued at $2,077,000 after acquiring an additional 445,440 shares during the period. Hedge funds and other institutional investors own 38.03% of the company's stock.
About TeleTech
(
Get Free Report)
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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