Sykes Enterprises Inc. (SYKE) Shares Sold by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC cut its stake in Sykes Enterprises Inc. (NASDAQ:SYKE) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,397 shares of the company’s stock after selling 1,214 shares during the period. Rice Hall James & Associates LLC’s holdings in Sykes Enterprises were worth $1,459,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of SYKE. Alpha Windward LLC boosted its stake in Sykes Enterprises by 3.6% in the second quarter. Alpha Windward LLC now owns 13,920 shares of the company’s stock worth $403,000 after buying an additional 480 shares in the last quarter. Strs Ohio boosted its stake in Sykes Enterprises by 3.6% in the second quarter. Strs Ohio now owns 31,400 shares of the company’s stock worth $909,000 after buying an additional 1,100 shares in the last quarter. Aperio Group LLC boosted its stake in Sykes Enterprises by 5.3% in the first quarter. Aperio Group LLC now owns 29,323 shares of the company’s stock worth $885,000 after buying an additional 1,479 shares in the last quarter. BlackRock Inc. boosted its stake in Sykes Enterprises by 193.2% in the first quarter. BlackRock Inc. now owns 3,747 shares of the company’s stock worth $113,000 after buying an additional 2,469 shares in the last quarter. Finally, Capital One National Association boosted its stake in Sykes Enterprises by 19.1% in the second quarter. Capital One National Association now owns 19,998 shares of the company’s stock worth $579,000 after buying an additional 3,211 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.
Shares of Sykes Enterprises Inc. (NASDAQ:SYKE) traded down 1.96% during mid-day trading on Friday, reaching $27.47. The company had a trading volume of 330,157 shares. The firm’s 50 day moving average is $28.73 and its 200-day moving average is $29.50. The stock has a market capitalization of $1.15 billion, a P/E ratio of 18.30 and a beta of 0.70. Sykes Enterprises Inc. has a 12-month low of $26.00 and a 12-month high of $33.00.
Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. Sykes Enterprises had a return on equity of 11.36% and a net margin of 4.71%. The firm earned $364.40 million during the quarter, compared to analysts’ expectations of $336.85 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, analysts expect that Sykes Enterprises Inc. will post $1.84 earnings per share for the current fiscal year.
SYKE has been the topic of a number of research reports. Zacks Investment Research cut Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday. Wells Fargo & Co. restated a “hold” rating on shares of Sykes Enterprises in a research report on Sunday, September 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.50.
In other news, CEO Charles E. Sykes sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $29.19, for a total value of $1,459,500.00. Following the completion of the sale, the chief executive officer now directly owns 298,457 shares of the company’s stock, valued at $8,711,959.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William J. Meurer sold 10,116 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $30.35, for a total value of $307,020.60. Following the completion of the sale, the director now directly owns 60,398 shares of the company’s stock, valued at $1,833,079.30. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Sykes Enterprises Company Profile
Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing arena. The Company provides an array of customer contact management solutions to a range of clients in communications, financial services, technology or consumer, transportation and leisure, healthcare and other industry verticals.
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