Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Hedge Funds Are Selling TeleTech Holdings, Inc. (TTEC)

TeleTech Holdings, Inc. (NASDAQ:TTEC) was in 9 hedge funds’ portfolio at the end of the fourth quarter of 2012. TTEC has experienced a decrease in enthusiasm from smart money lately. There were 9 hedge funds in our database with TTEC positions at the end of the previous quarter.

TeleTech Holdings, Inc. (NASDAQ:TTEC)

To the average investor, there are a multitude of indicators shareholders can use to analyze the equity markets. A pair of the most underrated are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top hedge fund managers can beat the broader indices by a healthy margin (see just how much).

Equally as important, bullish insider trading sentiment is a second way to parse down the stock market universe. As the old adage goes: there are lots of motivations for an insider to drop shares of his or her company, but only one, very obvious reason why they would buy. Many empirical studies have demonstrated the market-beating potential of this method if “monkeys” know where to look (learn more here).

Now, we’re going to take a gander at the key action encompassing TeleTech Holdings, Inc. (NASDAQ:TTEC).

Hedge fund activity in TeleTech Holdings, Inc. (NASDAQ:TTEC)

At year’s end, a total of 9 of the hedge funds we track held long positions in this stock, a change of 0% from the third quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of notable hedge fund managers who were boosting their stakes substantially.

According to our comprehensive database, Chuck Royce’s Royce & Associates had the most valuable position in TeleTech Holdings, Inc. (NASDAQ:TTEC), worth close to $29.8 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is D. E. Shaw of D E Shaw, with a $2.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include Eric Semler’s TCS Capital Management, Cliff Asness’s AQR Capital Management and Ken Griffin’s Citadel Investment Group.

Seeing as TeleTech Holdings, Inc. (NASDAQ:TTEC) has witnessed bearish sentiment from the aggregate hedge fund industry, we can see that there exists a select few hedge funds that slashed their entire stakes heading into 2013. Interestingly, Mark Travis’s Intrepid Capital Management dumped the biggest position of the “upper crust” of funds we watch, comprising close to $2.5 million in stock.. Israel Englander’s fund, Millennium Management, also cut its stock, about $2.1 million worth. These moves are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

How are insiders trading TeleTech Holdings, Inc. (NASDAQ:TTEC)?

Bullish insider trading is particularly usable when the primary stock in question has experienced transactions within the past 180 days. Over the last half-year time frame, TeleTech Holdings, Inc. (NASDAQ:TTEC) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to TeleTech Holdings, Inc. (NASDAQ:TTEC). These stocks are Infoblox Inc (NYSE:BLOX), Atlas Resource Partners, L.P. (NYSE:ARP), ExlService Holdings, Inc. (NASDAQ:EXLS), Quad/Graphics, Inc. (NYSE:QUAD), and NetSpend Holdings Inc (NASDAQ:NTSP). All of these stocks are in the business services industry and their market caps are similar to TTEC’s market cap.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.