Macquarie Group Ltd. Acquires 2,080 Shares of Sykes Enterprises (SYKE)

Macquarie Group Ltd. grew its holdings in Sykes Enterprises (NASDAQ:SYKE) by 48.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,346 shares of the information technology services provider’s stock after acquiring an additional 2,080 shares during the period. Macquarie Group Ltd.’s holdings in Sykes Enterprises were worth $200,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. PEAK6 Investments L.P. purchased a new stake in shares of Sykes Enterprises in the 4th quarter valued at $229,000. Millennium Management LLC purchased a new stake in Sykes Enterprises during the fourth quarter worth $2,461,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in Sykes Enterprises by 53.3% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 32,800 shares of the information technology services provider’s stock worth $1,031,000 after buying an additional 11,400 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Sykes Enterprises by 2.1% during the fourth quarter. Teachers Advisors LLC now owns 96,914 shares of the information technology services provider’s stock worth $3,048,000 after buying an additional 2,039 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Sykes Enterprises during the fourth quarter worth $675,000. 88.77% of the stock is currently owned by institutional investors and hedge funds.

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Shares of NASDAQ SYKE opened at $29.34 on Tuesday. Sykes Enterprises has a 1 year low of $25.77 and a 1 year high of $34.49. The firm has a market cap of $1,237.63, a P/E ratio of 14.71, a PEG ratio of 1.44 and a beta of 0.82. 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 (NASDAQ:SYKE) last announced its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.07. Sykes Enterprises had a net margin of 2.03% and a return on equity of 10.80%. The firm had revenue of $419.25 million for the quarter, compared to the consensus estimate of $410.02 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. research analysts anticipate that Sykes Enterprises will post 2 EPS for the current year.

SYKE has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Zacks Investment Research raised shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. ValuEngine downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Barrington Research reissued a “hold” rating on shares of Sykes Enterprises in a report on Monday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.00.

In other Sykes Enterprises news, insider David Pearson sold 5,000 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $31.25, for a total transaction of $156,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lawrence Zingale sold 16,776 shares of the company’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $29.05, for a total transaction of $487,342.80. Following the transaction, the insider now owns 49,708 shares of the company’s stock, valued at $1,444,017.40. The disclosure for this sale can be found here. Insiders have sold 32,776 shares of company stock valued at $994,673 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

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About Sykes Enterprises

Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and global customer engagement services. Its customer care services include handling billing inquiries and claims, activating customer accounts, resolving complaints, cross-selling/up-selling, and prequalifying and warranty management, as well as providing health information and dispatching roadside assistance.

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

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