Sykes Enterprises, Incorporated (SYKE) Stake Held by Martingale Asset Management L P

Martingale Asset Management L P maintained its stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,015 shares of the information technology services provider’s stock at the end of the 2nd quarter. Martingale Asset Management L P owned approximately 0.32% of Sykes Enterprises, worth $4,427,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sei Investments Co. increased its position in Sykes Enterprises, by 0.3% in the second quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock worth $181,000 after buying an additional 15 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Sykes Enterprises, by 4.9% in the first quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock worth $111,000 after buying an additional 177 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Sykes Enterprises, by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the information technology services provider’s stock worth $473,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System increased its position in Sykes Enterprises, by 1.0% in the first quarter. Arizona State Retirement System now owns 20,523 shares of the information technology services provider’s stock worth $603,000 after buying an additional 200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Sykes Enterprises, by 2.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,030 shares of the information technology services provider’s stock worth $470,000 after buying an additional 310 shares in the last quarter. Institutional investors and hedge funds own 86.37% of the company’s stock.

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A number of brokerages have commented on SYKE. Zacks Investment Research upgraded Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Thursday, July 13th. Robert W. Baird reduced their price target on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th.

In other news, CEO Charles E. Sykes sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $26.27, for a total value of $525,400.00. Following the completion of the transaction, the chief executive officer now owns 337,999 shares of the company’s stock, valued at approximately $8,879,233.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company’s stock.

Shares of Sykes Enterprises, Incorporated (NASDAQ SYKE) opened at 26.64 on Friday. Sykes Enterprises, Incorporated has a 12 month low of $25.77 and a 12 month high of $34.49. The firm has a 50-day moving average price of $28.15 and a 200-day moving average price of $30.45. The stock has a market cap of $1.11 billion, a PE ratio of 16.75 and a beta of 0.82.

Sykes Enterprises, (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The business had revenue of $375.40 million during the quarter, compared to analysts’ expectations of $376.83 million. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS. Equities analysts forecast that Sykes Enterprises, Incorporated will post $1.80 EPS for the current year.

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.

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

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