New York State Teachers Retirement System Maintains Position in Sykes Enterprises Inc. (SYKE)
New York State Teachers Retirement System continued to hold its position in shares of Sykes Enterprises Inc. (NASDAQ:SYKE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,373 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Sykes Enterprises were worth $2,530,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Copper Rock Capital Partners LLC boosted its position in shares of Sykes Enterprises by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 597,962 shares of the company’s stock valued at $17,317,000 after buying an additional 9,296 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Sykes Enterprises by 22.9% in the second quarter. Nordea Investment Management AB now owns 105,848 shares of the company’s stock valued at $3,065,000 after buying an additional 19,748 shares during the last quarter. Capital One National Association boosted its position in shares of Sykes Enterprises by 19.1% in the second quarter. Capital One National Association now owns 19,998 shares of the company’s stock valued at $579,000 after buying an additional 3,211 shares during the last quarter. Highland Capital Management LLC acquired a new position in shares of Sykes Enterprises during the second quarter valued at about $285,000. Finally, Foundry Partners LLC acquired a new position in shares of Sykes Enterprises during the second quarter valued at about $2,626,000. Institutional investors own 86.58% of the company’s stock.
Shares of Sykes Enterprises Inc. (NASDAQ:SYKE) traded up 1.03% during trading on Friday, hitting $27.53. 278,458 shares of the company traded hands. The company has a 50-day moving average of $28.40 and a 200-day moving average of $29.43. Sykes Enterprises Inc. has a 52-week low of $26.00 and a 52-week high of $33.00. The stock has a market capitalization of $1.16 billion, a PE ratio of 18.34 and a beta of 0.70.
Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. Sykes Enterprises had a net margin of 4.71% and a return on equity of 11.36%. The company had revenue of $364.40 million for the quarter, compared to analysts’ expectations of $336.85 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Sykes Enterprises’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts expect that Sykes Enterprises Inc. will post $1.84 EPS for the current year.
A number of analysts have recently weighed in on the stock. Wells Fargo & Co. restated a “hold” rating on shares of Sykes Enterprises in a report on Sunday, September 4th. Zacks Investment Research cut shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $32.50.
In related news, Director William J. Meurer sold 10,116 shares of the business’s stock in a transaction 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 sale, the director now owns 60,398 shares of the company’s stock, valued at $1,833,079.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James T. Holder sold 3,300 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $30.54, for a total transaction of $100,782.00. Following the completion of the sale, the vice president now directly owns 19,945 shares in the company, valued at approximately $609,120.30. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
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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