Sykes Enterprises, Incorporated (SYKE) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC decreased its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,142 shares of the information technology services provider’s stock after selling 307 shares during the period. Isthmus Partners LLC owned 0.06% of Sykes Enterprises, worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its position in Sykes Enterprises, by 48,788.9% during the first quarter. BlackRock Inc. now owns 4,860,043 shares of the information technology services provider’s stock worth $142,885,000 after purchasing an additional 4,850,102 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Sykes Enterprises, by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,604,490 shares of the information technology services provider’s stock worth $105,971,000 after purchasing an additional 188,586 shares during the last quarter. Victory Capital Management Inc. increased its position in Sykes Enterprises, by 5.5% during the first quarter. Victory Capital Management Inc. now owns 1,955,030 shares of the information technology services provider’s stock worth $57,478,000 after purchasing an additional 101,670 shares during the last quarter. Boston Partners increased its position in Sykes Enterprises, by 3.1% during the second quarter. Boston Partners now owns 1,311,924 shares of the information technology services provider’s stock worth $43,989,000 after purchasing an additional 39,435 shares during the last quarter. Finally, LSV Asset Management increased its position in Sykes Enterprises, by 62.1% during the second quarter. LSV Asset Management now owns 1,289,775 shares of the information technology services provider’s stock worth $43,246,000 after purchasing an additional 494,155 shares during the last quarter. 86.35% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on SYKE. Robert W. Baird reissued a “hold” rating and issued a $29.00 price objective on shares of Sykes Enterprises, in a research report on Sunday. Zacks Investment Research lowered shares of Sykes Enterprises, from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 12th.

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In related news, CEO Charles E. Sykes sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total transaction of $525,400.00. Following the transaction, the chief executive officer now owns 337,999 shares of the company’s stock, valued at $8,879,233.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) traded up 0.85% during midday trading on Tuesday, hitting $27.35. 16,527 shares of the stock traded hands. The company has a 50-day moving average price of $27.74 and a 200-day moving average price of $30.48. The firm has a market cap of $1.14 billion, a P/E ratio of 17.20 and a beta of 0.82. Sykes Enterprises, Incorporated has a 1-year low of $25.77 and a 1-year high of $34.49.

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 for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $375.40 million for the quarter, compared to analyst estimates of $376.83 million. Sykes Enterprises, had a net margin of 4.36% and a return on equity of 11.21%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. Analysts predict that Sykes Enterprises, Incorporated will post $1.80 EPS for the current year.

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

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