Back to top

Analyst Blog

TeleTech Holdings, Inc. (TTEC - Snapshot Report) recently announced that its Board of Directors has approved an authorization to purchase additional shares worth $25 million under the share repurchase program. Earlier in Dec 2012, TeleTech had also extended its share repurchase program by a similar amount to bring its tally to $537.3 million till Mar 31, 2013.

Out of this, the company has already purchased 37.7 million shares for $521.7 million, at an average price of $13.84 a share. During the first quarter of 2013, TeleTech had repurchased 487,000 shares for $9.8 million.

Including the current hike, TeleTech has approximately $40.6 million remaining under the share repurchase program with no specific deadline. The company plans to use its cash flow from operations for the stock repurchase.

During the first quarter of 2013, the company generated $6.5 million from its operating activities. Also, during its first quarter results, the company reported cash and cash equivalents of $170.5 million with total debt of $128.9 million.  

TeleTech presently pays no quarterly dividends and uses only share repurchase program to return cash to its shareholders. Consequently, by augmenting its share repurchase tally, it plans to return additional cash to provide attractive risk-adjusted returns to its stockholders.

TeleTech provides technology-enabled solution to its customers, which helps its client companies to maximize their revenue, transform customer experience and build an optimum business model.

TeleTech currently carries a Zacks Rank #1 (Strong Buy). Some other stocks within the industry are Convergys Corporation (CVG - Snapshot Report), Portfolio Recovery Associates Inc. (PRAA - Analyst Report) and Sykes Enterprises, Incorporated (SYKE - Snapshot Report), each carrying a Zacks Rank #2 (Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%