Bank of Montreal Can purchased a new position in shares of Sykes Enterprises Inc. (NASDAQ:SYKE) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 106,391 shares of the company’s stock, valued at approximately $3,081,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Sykes Enterprises by 4.7% in the first quarter. Renaissance Technologies LLC now owns 674,400 shares of the company’s stock worth $20,353,000 after buying an additional 30,100 shares during the last quarter. Copper Rock Capital Partners LLC boosted its position in Sykes Enterprises by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 597,962 shares of the company’s stock worth $17,317,000 after buying an additional 9,296 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Sykes Enterprises by 9.2% in the first quarter. TIAA CREF Investment Management LLC now owns 217,103 shares of the company’s stock worth $6,552,000 after buying an additional 18,250 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Sykes Enterprises by 111.9% in the first quarter. Goldman Sachs Group Inc. now owns 113,268 shares of the company’s stock worth $3,418,000 after buying an additional 59,805 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Sykes Enterprises by 22.9% in the second quarter. Nordea Investment Management AB now owns 105,848 shares of the company’s stock worth $3,065,000 after buying an additional 19,748 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.
Sykes Enterprises Inc. (NASDAQ:SYKE) traded up 1.03% on Friday, hitting $27.53. 278,458 shares of the stock were exchanged. Sykes Enterprises Inc. has a one year low of $26.00 and a one year high of $33.00. The company’s 50 day moving average price is $28.40 and its 200-day moving average price is $29.43. The company has a market cap of $1.16 billion, a P/E ratio of 18.34 and a beta of 0.70.
Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings data on Monday, August 1st. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Sykes Enterprises had a return on equity of 11.36% and a net margin of 4.71%. The firm had revenue of $364.40 million for the quarter, compared to the consensus estimate of $336.85 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. Equities research analysts predict that Sykes Enterprises Inc. will post $1.84 EPS for the current fiscal year.
SYKE has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Sykes Enterprises from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Friday, August 5th. Wells Fargo & Co. reissued a “hold” rating on shares of Sykes Enterprises in a research report on Sunday, September 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.50.
In related news, Director William J. Meurer sold 10,116 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $30.35, for a total value of $307,020.60. Following the transaction, the director now owns 60,398 shares in the company, valued at $1,833,079.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP James T. Holder sold 3,300 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $30.54, for a total value of $100,782.00. Following the completion of the transaction, the vice president now owns 19,945 shares in the company, valued at approximately $609,120.30. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
Sykes Enterprises Company Profile
Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing arena. The Company provides an array of customer contact management solutions to a range of clients in communications, financial services, technology or consumer, transportation and leisure, healthcare and other industry verticals.
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