Does TeleTech Holdings, Inc. (TTEC) Have Any Gas After Forming This Bullish Multiple Top Pattern?

December 8, 2017 - By Kurt Siggers

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.02, from 1.19 in 2017Q1. It increased, as 7 investors sold TeleTech Holdings, Inc. shares while 45 reduced holdings. 31 funds opened positions while 32 raised stakes. 12.19 million shares or 2.66% less from 12.53 million shares in 2017Q1 were reported.
10,736 are owned by Price T Rowe Associate Md. Citigroup Inc has 0% invested in TeleTech Holdings, Inc. (NASDAQ:TTEC) for 25,611 shares. Moreover, Wells Fargo & Co Mn has 0% invested in TeleTech Holdings, Inc. (NASDAQ:TTEC) for 93,428 shares. 8,152 were reported by Pub Sector Pension Board. D E Shaw & Inc accumulated 0% or 21,646 shares. Bankshares Of America Corp De holds 0% of its portfolio in TeleTech Holdings, Inc. (NASDAQ:TTEC) for 64,093 shares. Parametric Portfolio Ltd Liability Company owns 44,696 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 637 shares. Bessemer Group reported 30,711 shares. Zebra Mgmt Ltd Company holds 41,260 shares or 0.52% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% or 5,880 shares in its portfolio. Ls Inv Advsrs Limited Company stated it has 0% of its portfolio in TeleTech Holdings, Inc. (NASDAQ:TTEC). Pillar Pacific Capital Mngmt Ltd Co stated it has 0.06% of its portfolio in TeleTech Holdings, Inc. (NASDAQ:TTEC). Wellington Management Gru Ltd Liability Partnership invested in 16,735 shares or 0% of the stock. Campbell & Invest Adviser Limited Liability Company holds 0.28% or 7,296 shares.

Since June 14, 2017, it had 0 insider purchases, and 1 insider sale for $55,330 activity.

The stock of TeleTech Holdings, Inc. (TTEC) shows a multiple tops pattern with $42.40 target or 6.00 % above today’s $40.00 share price. The 5 months chart pattern indicates low risk for the $1.83 billion company. It was reported on Dec, 8 by Finviz.com. If the $42.40 price target is reached, the company will be worth $110.04 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.37% or $0.15 during the last trading session, reaching $40. About 35,052 shares traded. TeleTech Holdings, Inc. (NASDAQ:TTEC) has risen 50.44% since December 8, 2016 and is uptrending. It has outperformed by 33.74% the S&P500.

Analysts await TeleTech Holdings, Inc. (NASDAQ:TTEC) to report earnings on March, 14. They expect $0.56 earnings per share, up 33.33 % or $0.14 from last year’s $0.42 per share. TTEC’s profit will be $25.68 million for 17.86 P/E if the $0.56 EPS becomes a reality. After $0.38 actual earnings per share reported by TeleTech Holdings, Inc. for the previous quarter, Wall Street now forecasts 47.37 % EPS growth.

TeleTech Holdings, Inc. (NASDAQ:TTEC) Ratings Coverage

Among 2 analysts covering TeleTech Holdings (NASDAQ:TTEC), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. TeleTech Holdings had 5 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by SunTrust given on Friday, November 10. The stock of TeleTech Holdings, Inc. (NASDAQ:TTEC) has “Hold” rating given on Monday, October 9 by SunTrust. The firm has “Neutral” rating given on Monday, August 29 by Sidoti. The stock has “Sell” rating by Zacks on Saturday, August 22.

More notable recent TeleTech Holdings, Inc. (NASDAQ:TTEC) news were published by: Seekingalpha.com which released: “TeleTech Holdings’ (TTEC) CEO Ken Tuchman on Q1 2017 Results – Earnings Call …” on May 10, 2017, also Prnewswire.com with their article: “TeleTech Elects Ekta Singh-Bushell to its Board of Directors” published on May 30, 2017, Prnewswire.com published: “TeleTech Announces First Quarter 2017 Financial Results” on May 09, 2017. More interesting news about TeleTech Holdings, Inc. (NASDAQ:TTEC) were released by: Seekingalpha.com and their article: “TeleTech Acquires Connextions For Healthcare CMS” published on April 09, 2017 as well as Streetinsider.com‘s news article titled: “Teletech Holdings (TTEC) Announces Acquisition of Motif, Inc.” with publication date: November 08, 2017.

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