Louisiana State Employees Retirement System reduced its stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 15,900 shares of the information technology services provider’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Sykes Enterprises, were worth $533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SYKE. Norges Bank bought a new position in shares of Sykes Enterprises, during the fourth quarter valued at approximately $19,123,000. Teachers Advisors LLC raised its position in shares of Sykes Enterprises, by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 89,428 shares of the information technology services provider’s stock valued at $2,581,000 after buying an additional 3,358 shares during the period. First National Bank of Omaha bought a new position in shares of Sykes Enterprises, during the first quarter valued at approximately $807,000. State of Alaska Department of Revenue raised its position in shares of Sykes Enterprises, by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 4,360 shares of the information technology services provider’s stock valued at $128,000 after buying an additional 70 shares during the period. Finally, Independent Portfolio Consultants Inc. bought a new position in shares of Sykes Enterprises, during the first quarter valued at approximately $605,000. Institutional investors and hedge funds own 86.94% of the company’s stock.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) traded up 0.4583% during mid-day trading on Thursday, hitting $26.0388. 59,912 shares of the stock were exchanged. Sykes Enterprises, Incorporated has a 52-week low of $25.77 and a 52-week high of $34.49. The stock has a 50 day moving average of $33.30 and a 200-day moving average of $30.79. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 16.3766 and a beta of 0.75.

Sykes Enterprises, (NASDAQ:SYKE) last released its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $375.40 million during the quarter, compared to the consensus estimate of $376.83 million. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Equities analysts predict that Sykes Enterprises, Incorporated will post $1.86 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Louisiana State Employees Retirement System Lowers Stake in Sykes Enterprises, Incorporated (SYKE)” was first posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.watchlistnews.com/louisiana-state-employees-retirement-system-lowers-stake-in-sykes-enterprises-incorporated-syke/1471242.html.

Several research analysts have commented on SYKE shares. Zacks Investment Research upgraded shares of Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, May 3rd. Robert W. Baird decreased their price objective on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday.

In related news, Director Paul L. Whiting sold 14,164 shares of Sykes Enterprises, stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $32.75, for a total value of $463,871.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James T. Holder sold 2,500 shares of Sykes Enterprises, stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $33.00, for a total value of $82,500.00. Following the completion of the sale, the vice president now owns 19,119 shares of the company’s stock, valued at $630,927. The disclosure for this sale can be found here. Insiders sold 20,336 shares of company stock valued at $671,182 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

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.