Fmr LLC cut its position in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 78.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 8,100 shares of the information technology services provider’s stock after selling 29,160 shares during the period. Fmr LLC’s holdings in Sykes Enterprises, were worth $238,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Sykes Enterprises, by 1.1% in the first quarter. Principal Financial Group Inc. now owns 618,302 shares of the information technology services provider’s stock worth $18,178,000 after buying an additional 6,644 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Sykes Enterprises, by 29.0% in the first quarter. OppenheimerFunds Inc. now owns 38,785 shares of the information technology services provider’s stock worth $1,140,000 after buying an additional 8,730 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in Sykes Enterprises, by 12.0% in the first quarter. ClariVest Asset Management LLC now owns 295,886 shares of the information technology services provider’s stock worth $8,698,000 after buying an additional 31,627 shares in the last quarter. Tributary Capital Management LLC acquired a new stake in Sykes Enterprises, during the first quarter worth $9,182,000. Finally, Alliancebernstein L.P. boosted its stake in Sykes Enterprises, by 104.1% in the first quarter. Alliancebernstein L.P. now owns 109,542 shares of the information technology services provider’s stock worth $3,221,000 after buying an additional 55,860 shares in the last quarter. 86.94% of the stock is owned by hedge funds and other institutional investors.
Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at 25.92 on Thursday. The firm’s 50-day moving average price is $33.30 and its 200 day moving average price is $30.79. Sykes Enterprises, Incorporated has a 12-month low of $25.77 and a 12-month high of $34.49. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 16.30 and a beta of 0.75.
Sykes Enterprises, (NASDAQ:SYKE) last released its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. The company had revenue of $375.40 million for the quarter, compared to analysts’ expectations of $376.83 million. Sykes Enterprises, had a net margin of 4.36% and a return on equity of 11.21%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, analysts expect that Sykes Enterprises, Incorporated will post $1.86 earnings per share for the current year.
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A number of equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday. Zacks Investment Research cut Sykes Enterprises, from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th.
In related news, insider Jenna Nelson sold 3,672 shares of Sykes Enterprises, stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $33.99, for a total value of $124,811.28. Following the completion of the transaction, the insider now directly owns 14,520 shares in the company, valued at approximately $493,534.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul L. Whiting sold 14,164 shares of Sykes Enterprises, stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $32.75, for a total transaction of $463,871.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,336 shares of company stock worth $671,182. 2.70% of the stock is owned by insiders.
Sykes Enterprises, Company 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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