Nordea Investment Management AB boosted its position in Sykes Enterprises Inc. (NASDAQ:SYKE) by 22.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,848 shares of the company’s stock after buying an additional 19,748 shares during the period. Nordea Investment Management AB’s holdings in Sykes Enterprises were worth $3,065,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of SYKE. BlackRock Inc. increased its stake in Sykes Enterprises by 193.2% in the first quarter. BlackRock Inc. now owns 3,747 shares of the company’s stock worth $113,000 after buying an additional 2,469 shares during the period. Highland Capital Management LLC bought a new stake in Sykes Enterprises during the second quarter worth about $285,000. BNP Paribas Arbitrage SA increased 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 worth $383,000 after buying an additional 6,422 shares during the period. Alpha Windward LLC increased 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 worth $403,000 after buying an additional 480 shares during the period. Finally, Capital One National Association increased 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 worth $579,000 after buying an additional 3,211 shares during the period. 86.54% of the stock is currently owned by institutional investors.
Shares of Sykes Enterprises Inc. (NASDAQ:SYKE) traded down 0.33% during midday trading on Wednesday, reaching $27.53. 173,593 shares of the company traded hands. The company’s 50 day moving average is $28.30 and its 200-day moving average is $29.37. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.34 and a beta of 0.70. Sykes Enterprises Inc. has a 12 month low of $26.00 and a 12 month high of $33.00.
Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The firm had revenue of $364.40 million for the quarter, compared to analysts’ expectations of $336.85 million. Sykes Enterprises had a net margin of 4.71% and a return on equity of 11.36%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 EPS. Equities research analysts forecast that Sykes Enterprises Inc. will post $1.84 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on SYKE shares. Wells Fargo & Co. reissued a “hold” rating on shares of Sykes Enterprises in a research note on Sunday, September 4th. Zacks Investment Research downgraded shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $32.50.
In other Sykes Enterprises news, VP James T. Holder sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $30.54, for a total transaction of $100,782.00. Following the sale, the vice president now directly owns 19,945 shares of the company’s stock, valued at approximately $609,120.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J. Meurer sold 10,116 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $30.35, for a total transaction of $307,020.60. Following the sale, the director now directly owns 60,398 shares in the company, valued at $1,833,079.30. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
About Sykes Enterprises
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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