Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,260 shares of the information technology services provider’s stock after buying an additional 2,040 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.08% of Sykes Enterprises, worth $1,115,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Sykes Enterprises, by 4.9% during the first quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock worth $111,000 after buying an additional 177 shares during the period. Mckinley Capital Management LLC Delaware acquired a new position in Sykes Enterprises, during the first quarter worth approximately $134,000. Sei Investments Co. increased its position in Sykes Enterprises, by 0.3% during the second quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock worth $181,000 after buying an additional 15 shares during the period. Dubuque Bank & Trust Co. increased its position in Sykes Enterprises, by 26.0% during the second quarter. Dubuque Bank & Trust Co. now owns 6,006 shares of the information technology services provider’s stock worth $201,000 after buying an additional 1,241 shares during the period. Finally, PEAK6 Investments L.P. acquired a new position in Sykes Enterprises, during the first quarter worth approximately $235,000. 86.35% of the stock is currently owned by institutional investors.
In other Sykes Enterprises, news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $26.27, for a total transaction of $525,400.00. Following the transaction, the chief executive officer now owns 337,999 shares of the company’s stock, valued at approximately $8,879,233.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.70% of the company’s stock.
Sykes Enterprises, Incorporated (SYKE) opened at 27.37 on Wednesday. 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 price is $27.55 and its 200 day moving average price is $30.47. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 17.21 and a beta of 0.82.
Sykes Enterprises, (NASDAQ:SYKE) last released its earnings results on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The company had revenue of $375.40 million for the quarter, compared to the consensus estimate of $376.83 million. During the same quarter last year, the business posted $0.36 EPS. Sykes Enterprises,’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Sykes Enterprises, Incorporated will post $1.80 EPS for the current year.
SYKE has been the topic of several research analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $29.00 price target on shares of Sykes Enterprises, in a research report on Sunday. Zacks Investment Research lowered Sykes Enterprises, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th.
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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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