Keybank National Association OH trimmed its holdings in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,500 shares of the information technology services provider’s stock after selling 6,600 shares during the period. Keybank National Association OH owned about 0.10% of Sykes Enterprises, worth $1,268,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SYKE. Bank of America Corp DE raised its holdings in shares of Sykes Enterprises, by 26.7% in the 1st quarter. Bank of America Corp DE now owns 382,430 shares of the information technology services provider’s stock valued at $11,243,000 after purchasing an additional 80,498 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Sykes Enterprises, by 44.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,639 shares of the information technology services provider’s stock valued at $524,000 after purchasing an additional 4,807 shares during the period. BlackRock Inc. raised its holdings in shares of Sykes Enterprises, by 48,788.9% in the 1st quarter. BlackRock Inc. now owns 4,860,043 shares of the information technology services provider’s stock valued at $142,885,000 after purchasing an additional 4,850,102 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Sykes Enterprises, by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 257,505 shares of the information technology services provider’s stock valued at $7,571,000 after purchasing an additional 14,385 shares during the period. Finally, Federated Investors Inc. PA raised its holdings in shares of Sykes Enterprises, by 44.0% in the 2nd quarter. Federated Investors Inc. PA now owns 46,305 shares of the information technology services provider’s stock valued at $1,553,000 after purchasing an additional 14,159 shares during the period. Institutional investors own 85.48% of the company’s stock.

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In other Sykes Enterprises, news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total value of $525,400.00. Following the transaction, the chief executive officer now directly owns 337,999 shares of the company’s stock, valued at approximately $8,879,233.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Sykes Enterprises, from a “hold” rating to a “strong sell” rating in a report on Saturday, August 12th. Robert W. Baird dropped their target price on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $34.00 target price on shares of Sykes Enterprises, in a report on Monday, October 9th.

Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at $28.56 on Tuesday. The stock has a market cap of $1,231.16, a PE ratio of 14.00, a PEG ratio of 1.49 and a beta of 0.85. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.33. Sykes Enterprises, Incorporated has a fifty-two week low of $25.77 and a fifty-two week high of $34.49.

Sykes Enterprises, (NASDAQ:SYKE) last released its quarterly earnings results on Monday, November 6th. The information technology services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.18. The firm had revenue of $407.31 million for the quarter, compared to analysts’ expectations of $399.22 million. Sykes Enterprises, had a net margin of 4.32% and a return on equity of 11.33%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. analysts predict that Sykes Enterprises, Incorporated will post 1.93 earnings per share for the current year.

About Sykes Enterprises,

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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