Macquarie Group Ltd. purchased a new stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,266 shares of the information technology services provider’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new position in shares of Sykes Enterprises during the third quarter valued at $309,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Sykes Enterprises by 44.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,639 shares of the information technology services provider’s stock valued at $524,000 after acquiring an additional 4,807 shares during the period. Federated Investors Inc. PA lifted its holdings in Sykes Enterprises by 44.0% in the second quarter. Federated Investors Inc. PA now owns 46,305 shares of the information technology services provider’s stock worth $1,553,000 after purchasing an additional 14,159 shares during the period. Renaissance Technologies LLC lifted its holdings in Sykes Enterprises by 5.2% in the second quarter. Renaissance Technologies LLC now owns 653,673 shares of the information technology services provider’s stock worth $21,918,000 after purchasing an additional 32,100 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Sykes Enterprises by 55.6% in the second quarter. SG Americas Securities LLC now owns 16,171 shares of the information technology services provider’s stock worth $542,000 after purchasing an additional 5,781 shares during the period. 85.64% of the stock is owned by institutional investors.

Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at $31.69 on Friday. The firm has a market cap of $1,362.00, a PE ratio of 19.68, a P/E/G ratio of 1.65 and a beta of 0.89. Sykes Enterprises, Incorporated has a 1-year low of $25.77 and a 1-year high of $34.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.29 and a quick ratio of 3.29.

Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings data on Monday, November 6th. The information technology services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.18. The business had revenue of $407.31 million during the quarter, compared to the consensus estimate of $399.22 million. Sykes Enterprises had a net margin of 4.32% and a return on equity of 11.33%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. analysts forecast that Sykes Enterprises, Incorporated will post 1.93 EPS for the current fiscal year.

In other Sykes Enterprises news, CEO Charles E. Sykes sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $31.16, for a total value of $311,600.00. Following the sale, the chief executive officer now directly owns 275,589 shares in the company, valued at $8,587,353.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles E. Sykes sold 40,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.17, for a total transaction of $1,246,800.00. Following the completion of the sale, the chief executive officer now owns 285,189 shares in the company, valued at $8,889,341.13. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Several research firms recently weighed in on SYKE. BidaskClub downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $29.00 price objective on shares of Sykes Enterprises in a report on Sunday, October 22nd. Zacks Investment Research raised shares of Sykes Enterprises from a “strong sell” rating to a “hold” rating and set a $33.00 price objective for the company in a report on Wednesday, October 11th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Sykes Enterprises in a report on Monday, October 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Sykes Enterprises presently has a consensus rating of “Hold” and an average price target of $33.50.

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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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