Tieton Capital Management Lowers stake in TeleTech Holdings (TTEC)

TeleTech Holdings (TTEC) : Tieton Capital Management reduced its stake in TeleTech Holdings by 9.65% during the most recent quarter end. The investment management company now holds a total of 210,561 shares of TeleTech Holdings which is valued at $5.6 Million after selling 22,479 shares in TeleTech Holdings , the firm said in a disclosure report filed with the SEC on May 11, 2016.TeleTech Holdings makes up approximately 5.69% of Tieton Capital Management’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in TTEC by selling 2,049 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 34,166 shares of TTEC which is valued at $909,841. TeleTech Holdings makes up approx 0.02% of Shell Asset Management Co’s portfolio. Secor Capital Advisors Lp sold out all of its stake in TTEC during the most recent quarter. The investment firm sold 14,328 shares of TTEC which is valued $381,555.Finemark National Bank Trust boosted its stake in TTEC in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 328 shares of TeleTech Holdings which is valued at $8,735.Calvert Investment Management boosted its stake in TTEC in the latest quarter, The investment management firm added 3,780 additional shares and now holds a total of 97,283 shares of TeleTech Holdings which is valued at $2.7 Million. TeleTech Holdings makes up approx 0.12% of Calvert Investment Management’s portfolio.

TeleTech Holdings opened for trading at $26.47 and hit $26.96 on the upside on Monday, eventually ending the session at $26.71, with a gain of 0.30% or 0.08 points. The heightened volatility saw the trading volume jump to 1,22,231 shares. Company has a market cap of $1,285 M.

On the company’s financial health, TeleTech Holdings reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.37. The company had revenue of $312.40 million for the quarter, compared to analysts expectations of $320.06 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

TeleTech Holdings Inc. (TeleTech) is a customer engagement management service provider that delivers integrated consulting technology growth and customer care solutions on a global scale. The Company’s segments include Customer Management Services (CMS) which designs and manages clients’ front-to-back office processes to deliver just-in-time personalized multi-channel interactions; Customer Growth Services (CGS) which offers integrated sales and marketing solutions to help its clients boost revenue in new fragmented or underpenetrated business-to-consumer (B2C) or business-to-business (B2B) markets; Customer Technology Services (CTS) which architects deploys and hosts or manages the client’s customer management environments and Customer Strategy Services (CSS) which helps its clients design build and execute the customer engagement strategies. Its solutions are delivered in 24 countries from 59 delivery centers on six continents.

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