Federated Investors Inc. PA grew its holdings in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 44.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,305 shares of the information technology services provider’s stock after buying an additional 14,159 shares during the period. Federated Investors Inc. PA owned approximately 0.11% of Sykes Enterprises, worth $1,553,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of SYKE. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 worth $111,000 after buying an additional 177 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of Sykes Enterprises, during the 1st quarter worth approximately $134,000. Sei Investments Co. boosted its holdings in shares of 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 worth $181,000 after buying an additional 15 shares in the last quarter. Dubuque Bank & Trust Co. boosted its holdings in shares of 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 worth $201,000 after buying an additional 1,241 shares in the last quarter. Finally, PEAK6 Investments L.P. bought a new position in shares of Sykes Enterprises, during the 1st quarter worth approximately $235,000. Hedge funds and other institutional investors own 86.37% of the company’s stock.
In other news, CEO Charles E. Sykes sold 20,000 shares of the business’s 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 directly owns 337,999 shares of the company’s stock, valued at $8,879,233.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by insiders.
A number of equities analysts have issued reports on the company. Robert W. Baird cut their price target on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. Zacks Investment Research cut Sykes Enterprises, from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th.
Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at 26.69 on Wednesday. Sykes Enterprises, Incorporated has a 12-month low of $25.77 and a 12-month high of $34.49. The firm’s 50 day moving average price is $28.78 and its 200-day moving average price is $30.52. The company has a market capitalization of $1.12 billion, a PE ratio of 16.79 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The firm had revenue of $375.40 million for the quarter, compared to analysts’ expectations of $376.83 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Sykes Enterprises, Incorporated will post $1.80 earnings per share for the current fiscal year.
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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