Strs Ohio raised its stake in shares of Sykes Enterprises Inc. (NASDAQ:SYKE) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,400 shares of the company’s stock after buying an additional 1,100 shares during the period. Strs Ohio’s holdings in Sykes Enterprises were worth $909,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Sykes Enterprises by 193.2% in the first quarter. BlackRock Inc. now owns 3,747 shares of the company’s stock valued at $113,000 after buying an additional 2,469 shares during the period. Highland Capital Management LLC purchased a new stake in Sykes Enterprises during the second quarter valued at $285,000. BNP Paribas Arbitrage SA boosted its stake in Sykes Enterprises by 94.2% in the second quarter. BNP Paribas Arbitrage SA now owns 13,239 shares of the company’s stock valued at $383,000 after buying an additional 6,422 shares in the last quarter. Alpha Windward LLC boosted its stake in Sykes Enterprises by 3.6% in the second quarter. Alpha Windward LLC now owns 13,920 shares of the company’s stock valued at $403,000 after buying an additional 480 shares in the last quarter. Finally, Capital One National Association boosted its stake in Sykes Enterprises by 19.1% in the second quarter. Capital One National Association now owns 19,998 shares of the company’s stock valued at $579,000 after buying an additional 3,211 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.
Sykes Enterprises Inc. (NASDAQ:SYKE) traded down 0.44% on Monday, hitting $27.41. 116,187 shares of the stock were exchanged. The firm has a market cap of $1.15 billion, a PE ratio of 18.26 and a beta of 0.70. The company has a 50-day moving average price of $28.35 and a 200-day moving average price of $29.39. Sykes Enterprises Inc. has a 52-week low of $26.00 and a 52-week high of $33.00.
Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. Sykes Enterprises had a return on equity of 11.36% and a net margin of 4.71%. The company earned $364.40 million during the quarter, compared to analyst estimates of $336.85 million. During the same quarter last year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts anticipate that Sykes Enterprises Inc. will post $1.84 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Sykes Enterprises in a research report on Sunday, September 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.
In related news, CEO Charles E. Sykes sold 50,000 shares of Sykes Enterprises stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $29.19, for a total value of $1,459,500.00. Following the completion of the sale, the chief executive officer now owns 298,457 shares of the company’s stock, valued at approximately $8,711,959.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP James T. Holder sold 3,300 shares of Sykes Enterprises stock in a transaction dated 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 sale, the vice president now directly owns 19,945 shares of the company’s stock, 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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