TeleTech Holdings, Inc. $TTEC Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC cut its stake in TeleTech Holdings, Inc. (NASDAQ:TTEC) by 72.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,000 shares of the business services provider’s stock after selling 16,000 shares during the quarter. FNY Investment Advisers LLC’s holdings in TeleTech were worth $28,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AE Wealth Management LLC grew its holdings in shares of TeleTech by 27.1% during the 1st quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider’s stock worth $86,000 after purchasing an additional 5,560 shares during the period. XTX Topco Ltd purchased a new position in shares of TeleTech during the 1st quarter worth $124,000. American Century Companies Inc. grew its holdings in shares of TeleTech by 20.3% during the 1st quarter. American Century Companies Inc. now owns 43,901 shares of the business services provider’s stock worth $144,000 after purchasing an additional 7,393 shares during the period. Robertson Stephens Wealth Management LLC purchased a new position in shares of TeleTech during the 2nd quarter worth $173,000. Finally, Nuveen LLC purchased a new position in shares of TeleTech during the 1st quarter worth $188,000. 38.03% of the stock is currently owned by hedge funds and other institutional investors.

TeleTech Stock Performance

Shares of TeleTech stock opened at $3.58 on Friday. The business has a 50-day moving average of $3.63 and a 200 day moving average of $4.26. TeleTech Holdings, Inc. has a 12 month low of $2.67 and a 12 month high of $5.86. The stock has a market capitalization of $173.50 million, a price-to-earnings ratio of -6.63, a price-to-earnings-growth ratio of 0.38 and a beta of 1.18. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.77 and a quick ratio of 1.77.

Wall Street Analyst Weigh In

TTEC has been the subject of a number of research analyst reports. Zacks Research upgraded TeleTech to a “hold” rating in a report on Friday, August 8th. Wall Street Zen upgraded TeleTech from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings restated a “sell (e+)” rating on shares of TeleTech in a report on Friday. Finally, Barrington Research restated a “market perform” rating on shares of TeleTech in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TeleTech has an average rating of “Reduce” and an average target price of $3.50.

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.