LSV Asset Management Acquires 13,000 Shares of Sykes Enterprises, Incorporated (SYKE)

LSV Asset Management grew its holdings in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,518,015 shares of the information technology services provider’s stock after acquiring an additional 13,000 shares during the period. LSV Asset Management’s holdings in Sykes Enterprises were worth $47,741,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Sykes Enterprises by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 30,449 shares of the information technology services provider’s stock valued at $1,020,000 after purchasing an additional 131 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Sykes Enterprises by 7.4% during the second quarter. Public Employees Retirement System of Ohio now owns 4,039 shares of the information technology services provider’s stock valued at $135,000 after purchasing an additional 280 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Sykes Enterprises by 0.6% during the second quarter. California Public Employees Retirement System now owns 148,565 shares of the information technology services provider’s stock valued at $4,981,000 after purchasing an additional 900 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Sykes Enterprises by 6.4% during the second quarter. Thrivent Financial For Lutherans now owns 23,610 shares of the information technology services provider’s stock valued at $792,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Sykes Enterprises by 2.0% during the second quarter. Voya Investment Management LLC now owns 76,695 shares of the information technology services provider’s stock valued at $2,572,000 after purchasing an additional 1,476 shares during the last quarter. Hedge funds and other institutional investors own 85.86% of the company’s stock.

In related news, CEO Charles E. Sykes sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $31.16, for a total value of $311,600.00. Following the completion of the transaction, the chief executive officer now directly owns 275,589 shares in the company, valued at approximately $8,587,353.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles E. Sykes sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.17, for a total transaction of $1,246,800.00. Following the completion of the transaction, the chief executive officer now owns 285,189 shares of the company’s stock, valued at $8,889,341.13. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Several research firms have recently issued reports on SYKE. Robert W. Baird reiterated a “hold” rating and set a $29.00 target price on shares of Sykes Enterprises in a report on Sunday, October 22nd. BidaskClub lowered shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Sykes Enterprises from a “strong sell” rating to a “hold” rating and set a $33.00 target price for the company in a report on Wednesday, October 11th. ValuEngine upgraded shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a report on Friday. Finally, SunTrust Banks restated a “buy” rating and issued a $34.00 price objective on shares of Sykes Enterprises in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.00.

Sykes Enterprises, Incorporated (SYKE) opened at $28.99 on Tuesday. Sykes Enterprises, Incorporated has a 1-year low of $25.77 and a 1-year high of $34.49. The firm has a market cap of $1,304.08, a P/E ratio of 14.83, a P/E/G ratio of 1.51 and a beta of 0.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.29 and a quick ratio of 3.29.

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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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Institutional Ownership by Quarter for Sykes Enterprises (NASDAQ:SYKE)

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