Systematic Financial Management LP reduced its position in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 23.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,125 shares of the information technology services provider’s stock after selling 70,962 shares during the quarter. Systematic Financial Management LP owned 0.55% of Sykes Enterprises, worth $7,750,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in Sykes Enterprises, by 4.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock valued at $111,000 after purchasing an additional 177 shares during the period. State of Alaska Department of Revenue raised its stake in Sykes Enterprises, by 1.6% during the 1st quarter. State of Alaska Department of Revenue now owns 4,360 shares of the information technology services provider’s stock valued at $128,000 after purchasing an additional 70 shares during the period. Mckinley Capital Management LLC Delaware acquired a new stake in Sykes Enterprises, during the 1st quarter valued at $134,000. Sei Investments Co. raised its stake in Sykes Enterprises, by 0.3% during the 2nd quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock valued at $181,000 after purchasing an additional 15 shares during the period. Finally, Dubuque Bank & Trust Co. raised its stake in Sykes Enterprises, by 26.0% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 6,006 shares of the information technology services provider’s stock valued at $201,000 after purchasing an additional 1,241 shares during the period. 86.37% of the stock is currently owned by institutional investors.
Shares of Sykes Enterprises, Incorporated (SYKE) opened at 26.505 on Monday. Sykes Enterprises, Incorporated has a 52 week low of $25.77 and a 52 week high of $34.49. The firm’s 50-day moving average is $29.00 and its 200 day moving average is $30.51. The firm has a market capitalization of $1.11 billion, a P/E ratio of 16.670 and a beta of 0.82.
Sykes Enterprises, (NASDAQ:SYKE) last posted its earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The company had revenue of $375.40 million for the quarter, compared to analyst estimates of $376.83 million. Sykes Enterprises, had a net margin of 4.36% and a return on equity of 11.21%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. Equities research analysts forecast that Sykes Enterprises, Incorporated will post $1.80 EPS for the current fiscal year.
In other Sykes Enterprises, news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total value of $525,400.00. Following the sale, the chief executive officer now directly owns 337,999 shares in the company, valued at $8,879,233.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.
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Several analysts have issued reports on SYKE shares. Zacks Investment Research downgraded shares of Sykes Enterprises, from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 12th. Robert W. Baird cut their target price on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 8th.
Sykes Enterprises, Profile
Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena on a global basis. The Company has operations in two segments: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.
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