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.
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.
|Company Name||# of Hedge Funds||# of Insiders Buying||# of Insiders Selling|
|Infoblox Inc (NYSE:BLOX)||12||0||9|
|Atlas Resource Partners, L.P. (NYSE:ARP)||8||1||0|
|ExlService Holdings, Inc. (NASDAQ:EXLS)||5||0||7|
|Quad/Graphics, Inc. (NYSE:QUAD)||10||0||1|
|NetSpend Holdings Inc (NASDAQ:NTSP)||7||0||3|
With the results shown by the aforementioned time-tested strategies, everyday investors must always monitor hedge fund and insider trading activity, and TeleTech Holdings, Inc. (NASDAQ:TTEC) applies perfectly to this mantra.