BlackRock Inc. increased its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,484,321 shares of the information technology services provider’s stock after acquiring an additional 328,065 shares during the quarter. BlackRock Inc. owned approximately 0.13% of Sykes Enterprises worth $157,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in Sykes Enterprises by 0.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,209,615 shares of the information technology services provider’s stock worth $34,813,000 after acquiring an additional 5,839 shares during the last quarter. Northern Trust Corp grew its position in Sykes Enterprises by 0.7% during the 1st quarter. Northern Trust Corp now owns 807,390 shares of the information technology services provider’s stock worth $23,365,000 after acquiring an additional 5,772 shares during the last quarter. Tributary Capital Management LLC grew its position in Sykes Enterprises by 10.2% during the 2nd quarter. Tributary Capital Management LLC now owns 592,311 shares of the information technology services provider’s stock worth $17,047,000 after acquiring an additional 54,864 shares during the last quarter. Principal Financial Group Inc. grew its position in Sykes Enterprises by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 575,452 shares of the information technology services provider’s stock worth $16,654,000 after acquiring an additional 7,573 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sykes Enterprises by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 516,383 shares of the information technology services provider’s stock worth $14,862,000 after acquiring an additional 13,472 shares during the last quarter. Institutional investors and hedge funds own 87.34% of the company’s stock.

Several equities analysts recently issued reports on the company. BidaskClub upgraded Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. TheStreet lowered Sykes Enterprises from a “b-” rating to a “c+” rating in a research report on Tuesday, August 21st. SunTrust Banks restated a “buy” rating and set a $36.00 price target on shares of Sykes Enterprises in a research report on Friday, July 27th. Barrington Research restated a “hold” rating on shares of Sykes Enterprises in a research report on Monday, August 6th. Finally, ValuEngine upgraded Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sykes Enterprises has an average rating of “Hold” and a consensus target price of $31.67.

In other news, VP James T. Holder sold 8,300 shares of Sykes Enterprises stock in a transaction that occurred 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 sale, the vice president now directly owns 19,706 shares in the company, valued at approximately $592,165.30. The sale was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by company insiders.

Shares of SYKE stock opened at $30.12 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.47 and a beta of 0.75. Sykes Enterprises, Incorporated has a fifty-two week low of $25.90 and a fifty-two week high of $32.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.90 and a current ratio of 2.90.

Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, August 6th. The information technology services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. The firm had revenue of $396.80 million for 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%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. research analysts forecast that Sykes Enterprises, Incorporated will post 2.07 earnings per share for the current year.

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.

Featured Story: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding SYKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sykes Enterprises, Incorporated (NASDAQ:SYKE).

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

Receive News & Ratings for Sykes Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sykes Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.