AMP Capital Investors Ltd Lowers Stake in Sykes Enterprises, Incorporated (SYKE)

AMP Capital Investors Ltd trimmed its position in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 25.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,538 shares of the information technology services provider’s stock after selling 3,255 shares during the quarter. AMP Capital Investors Ltd’s holdings in Sykes Enterprises were worth $275,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SYKE. BlackRock Inc. raised its position in Sykes Enterprises by 6.4% in the 2nd quarter. BlackRock Inc. now owns 5,484,321 shares of the information technology services provider’s stock valued at $157,841,000 after buying an additional 328,065 shares during the last quarter. Wells Fargo & Company MN raised its position in Sykes Enterprises by 0.5% in the 2nd quarter. Wells Fargo & Company MN now owns 1,209,615 shares of the information technology services provider’s stock valued at $34,813,000 after buying an additional 5,839 shares during the last quarter. Northern Trust Corp raised its position in Sykes Enterprises by 0.7% in the 1st quarter. Northern Trust Corp now owns 807,390 shares of the information technology services provider’s stock valued at $23,365,000 after buying an additional 5,772 shares during the last quarter. Renaissance Technologies LLC raised its position in Sykes Enterprises by 14.3% in the 2nd quarter. Renaissance Technologies LLC now owns 606,473 shares of the information technology services provider’s stock valued at $17,454,000 after buying an additional 75,973 shares during the last quarter. Finally, Tributary Capital Management LLC raised its position in Sykes Enterprises by 10.2% in the 2nd quarter. Tributary Capital Management LLC now owns 592,311 shares of the information technology services provider’s stock valued at $17,047,000 after buying an additional 54,864 shares during the last quarter. 87.34% of the stock is currently owned by institutional investors.

SYKE has been the subject of a number of analyst reports. TheStreet raised Sykes Enterprises from a “c+” rating to a “b” rating in a research report on Monday, June 4th. BidaskClub raised Sykes Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. SunTrust Banks reissued a “buy” rating and issued a $36.00 price target on shares of Sykes Enterprises in a research report on Friday, July 27th. ValuEngine raised Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Barrington Research reissued a “hold” rating on shares of Sykes Enterprises in a research report on Monday, August 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $31.67.

NASDAQ SYKE opened at $30.79 on Tuesday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.49 and a beta of 0.75. Sykes Enterprises, Incorporated has a 12 month low of $25.90 and a 12 month high of $32.15. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.11.

Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings results on Monday, August 6th. The information technology services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $396.80 million during the quarter, compared to analyst estimates of $402.95 million. Sykes Enterprises had a return on equity of 10.28% and a net margin of 1.39%. Sykes Enterprises’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. equities analysts expect that Sykes Enterprises, Incorporated will post 2.07 EPS for the current year.

In other Sykes Enterprises news, VP James T. Holder sold 8,300 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $30.05, for a total value of $249,415.00. Following the completion of the transaction, the vice president now owns 19,706 shares in the company, valued at approximately $592,165.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.

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.

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

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