Dimensional Fund Advisors LP trimmed its position in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,599,521 shares of the information technology services provider’s stock after selling 4,969 shares during the quarter. Dimensional Fund Advisors LP owned approximately 8.64% of Sykes Enterprises, worth $120,692,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of Sykes Enterprises, by 26.7% during 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 in the last quarter. BlackRock Inc. increased its holdings in shares of Sykes Enterprises, by 48,788.9% during 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 in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Sykes Enterprises, by 44.4% during 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 in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Sykes Enterprises, by 5.9% during 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 in the last quarter. Finally, Oxford Asset Management purchased a new position in shares of Sykes Enterprises, during the 1st quarter valued at approximately $1,489,000. 86.35% of the stock is owned by hedge funds and other institutional investors.

Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at 29.16 on Friday. The company has a 50-day moving average of $27.55 and a 200 day moving average of $30.47. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 18.34 and a beta of 0.82. Sykes Enterprises, Incorporated has a one year low of $25.77 and a one year high of $34.49.

Sykes Enterprises, (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $376.83 million. During the same period last year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Sykes Enterprises, Incorporated will post $1.80 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.watchlistnews.com/dimensional-fund-advisors-lp-sells-4969-shares-of-sykes-enterprises-incorporated-syke/1600732.html.

In related news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $26.27, for a total transaction of $525,400.00. Following the completion of the sale, the chief executive officer now directly owns 337,999 shares of the company’s stock, valued at $8,879,233.73. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

Several research firms have recently weighed in on SYKE. Robert W. Baird reaffirmed a “hold” rating and set a $29.00 target price on shares of Sykes Enterprises, in a report on Sunday, September 17th. Zacks Investment Research lowered shares of Sykes Enterprises, from a “hold” rating to a “strong sell” rating in a report on Saturday, August 12th.

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.

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