OppenheimerFunds Inc. Sells 6,903 Shares of Sykes Enterprises, Incorporated (SYKE)

OppenheimerFunds Inc. decreased its holdings in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,281 shares of the information technology services provider’s stock after selling 6,903 shares during the period. OppenheimerFunds Inc.’s holdings in Sykes Enterprises were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in Sykes Enterprises by 3.0% in the fourth quarter. BlackRock Inc. now owns 5,096,687 shares of the information technology services provider’s stock worth $160,292,000 after buying an additional 149,701 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Sykes Enterprises by 1.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,314,362 shares of the information technology services provider’s stock worth $67,487,000 after buying an additional 24,071 shares in the last quarter. LSV Asset Management raised its stake in Sykes Enterprises by 0.9% in the fourth quarter. LSV Asset Management now owns 1,518,015 shares of the information technology services provider’s stock worth $47,741,000 after buying an additional 13,000 shares in the last quarter. Boston Partners raised its stake in Sykes Enterprises by 5.2% in the fourth quarter. Boston Partners now owns 1,417,778 shares of the information technology services provider’s stock worth $44,589,000 after buying an additional 69,662 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Sykes Enterprises by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,183,009 shares of the information technology services provider’s stock worth $37,205,000 after buying an additional 18,977 shares in the last quarter. 88.77% of the stock is owned by institutional investors.

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A number of equities analysts have recently issued reports on the company. Barrington Research reaffirmed a “hold” rating on shares of Sykes Enterprises in a research report on Sunday, March 11th. BidaskClub downgraded Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. Finally, ValuEngine raised Sykes Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sykes Enterprises currently has an average rating of “Hold” and an average target price of $32.00.

Sykes Enterprises, Incorporated (SYKE) opened at $31.38 on Friday. The stock has a market capitalization of $1,341.02, a price-to-earnings ratio of 40.75, a PEG ratio of 1.56 and a beta of 0.86. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.35. Sykes Enterprises, Incorporated has a 12-month low of $25.77 and a 12-month high of $34.49.

Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $419.25 million for the quarter, compared to the consensus estimate of $410.02 million. Sykes Enterprises had a return on equity of 10.80% and a net margin of 2.03%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. equities research analysts anticipate that Sykes Enterprises, Incorporated will post 2 EPS for the current year.

In other news, insider David Pearson sold 5,000 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $31.25, for a total transaction of $156,250.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

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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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