Credit Suisse AG raised its position in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 30.8% during the first quarter, Holdings Channel reports. The firm owned 60,997 shares of the information technology services provider’s stock after buying an additional 14,360 shares during the period. Credit Suisse AG’s holdings in Sykes Enterprises, were worth $1,793,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Tudor Investment Corp ET AL raised its position in Sykes Enterprises, by 7.2% in the first quarter. Tudor Investment Corp ET AL now owns 17,936 shares of the information technology services provider’s stock valued at $527,000 after buying an additional 1,212 shares in the last quarter. Sensato Investors LLC raised its position in Sykes Enterprises, by 269.1% in the first quarter. Sensato Investors LLC now owns 115,082 shares of the information technology services provider’s stock valued at $3,383,000 after buying an additional 83,900 shares in the last quarter. State Street Corp raised its position in Sykes Enterprises, by 8.6% in the first quarter. State Street Corp now owns 1,044,228 shares of the information technology services provider’s stock valued at $30,705,000 after buying an additional 82,831 shares in the last quarter. Bank of America Corp DE raised its position in Sykes Enterprises, by 26.7% in the first 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 buying an additional 80,498 shares in the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in Sykes Enterprises, during the first quarter valued at approximately $235,000. 86.94% of the stock is currently owned by institutional investors.

Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) traded up 1.7100% during trading on Friday, reaching $26.7599. 68,991 shares of the company were exchanged. The stock has a 50-day moving average of $33.09 and a 200 day moving average of $30.76. Sykes Enterprises, Incorporated has a 52-week low of $25.77 and a 52-week high of $34.49. The stock has a market capitalization of $1.12 billion, a P/E ratio of 16.8301 and a beta of 0.75.

Sykes Enterprises, (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The firm had revenue of $375.40 million for the quarter, compared to analyst estimates of $376.83 million. During the same period in the prior year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Sykes Enterprises, Incorporated will post $1.80 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Thursday, July 13th. Robert W. Baird lowered their price target on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday.

In other Sykes Enterprises, news, Director Paul L. Whiting sold 14,164 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $32.75, for a total value of $463,871.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jenna Nelson sold 3,672 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $33.99, for a total value of $124,811.28. Following the completion of the transaction, the insider now directly owns 14,520 shares in the company, valued at $493,534.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,336 shares of company stock worth $671,182. Insiders own 2.70% 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 (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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