35,875 Shares in TeleTech Holdings, Inc. $TTEC Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC acquired a new position in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,875 shares of the business services provider’s stock, valued at approximately $173,000. Robertson Stephens Wealth Management LLC owned approximately 0.08% of TeleTech at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TTEC. AE Wealth Management LLC boosted its holdings in TeleTech by 27.1% during the first quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider’s stock worth $86,000 after buying an additional 5,560 shares in the last quarter. Federated Hermes Inc. boosted its holdings in TeleTech by 79.3% during the first quarter. Federated Hermes Inc. now owns 2,042,183 shares of the business services provider’s stock worth $6,719,000 after buying an additional 903,090 shares in the last quarter. XTX Topco Ltd purchased a new stake in TeleTech during the first quarter worth about $124,000. Citizens Financial Group Inc. RI purchased a new stake in TeleTech during the first quarter worth about $487,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in TeleTech by 239.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 631,356 shares of the business services provider’s stock worth $2,077,000 after buying an additional 445,440 shares in the last quarter. Hedge funds and other institutional investors own 38.03% of the company’s stock.

TeleTech Stock Performance

NASDAQ:TTEC opened at $3.56 on Monday. The firm has a 50 day simple moving average of $3.58 and a 200-day simple moving average of $4.29. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market cap of $172.53 million, a PE ratio of -6.59, a P/E/G ratio of 0.38 and a beta of 1.18. TeleTech Holdings, Inc. has a 1-year low of $2.67 and a 1-year high of $6.17.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research raised shares of TeleTech to a “hold” rating in a report on Friday, August 8th. Wall Street Zen raised shares of TeleTech from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TeleTech in a report on Wednesday, October 8th. Finally, Barrington Research reaffirmed 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” 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.