UBS Asset Management Americas Inc. cut its stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 40.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,046 shares of the information technology services provider’s stock after selling 9,523 shares during the period. UBS Asset Management Americas Inc.’s holdings in Sykes Enterprises, were worth $405,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Sykes Enterprises, by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,415,904 shares of the information technology services provider’s stock valued at $98,583,000 after buying an additional 103,483 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Sykes Enterprises, by 2.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 999,621 shares of the information technology services provider’s stock valued at $28,119,000 after buying an additional 20,687 shares during the period. State Street Corp boosted its stake in Sykes Enterprises, by 8.4% in the fourth quarter. State Street Corp now owns 961,397 shares of the information technology services provider’s stock valued at $27,745,000 after buying an additional 74,774 shares during the period. Norges Bank bought a new stake in Sykes Enterprises, during the fourth quarter valued at $19,123,000. Finally, Principal Financial Group Inc. raised its position in Sykes Enterprises, by 2.2% in the third quarter. Principal Financial Group Inc. now owns 653,830 shares of the information technology services provider’s stock valued at $18,392,000 after buying an additional 13,860 shares in the last quarter. 87.54% of the stock is owned by institutional investors.
Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) traded down 1.07% on Tuesday, reaching $33.22. 16,758 shares of the company were exchanged. The company’s 50-day moving average is $32.61 and its 200-day moving average is $29.73. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 20.78 and a beta of 0.76. Sykes Enterprises, Incorporated has a 52 week low of $25.77 and a 52 week high of $34.45.
Sykes Enterprises, (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, May 8th. The information technology services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.14. Sykes Enterprises, had a net margin of 4.41% and a return on equity of 11.39%. The company had revenue of $384.01 million for the quarter, compared to analyst estimates of $400.15 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. On average, equities analysts expect that Sykes Enterprises, Incorporated will post $2.10 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Sykes Enterprises, from a “buy” rating to a “hold” rating in a report on Saturday, May 13th.
In other news, CFO John Chapman sold 6,200 shares of the business’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $28.52, for a total transaction of $176,824.00. Following the completion of the transaction, the chief financial officer now directly owns 17,468 shares of the company’s stock, valued at $498,187.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jenna Nelson sold 3,672 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $33.99, for a total value of $124,811.28. Following the transaction, the insider now directly owns 14,520 shares of the company’s stock, valued at $493,534.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,419 shares of company stock valued at $1,930,613. Corporate insiders own 2.70% of the company’s stock.
About Sykes Enterprises,
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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