LSV Asset Management Sells 11,900 Shares of Sykes Enterprises, Incorporated (SYKE)
LSV Asset Management cut its holdings in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,486,815 shares of the information technology services provider’s stock after selling 11,900 shares during the quarter. LSV Asset Management’s holdings in Sykes Enterprises were worth $42,047,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc boosted its position in Sykes Enterprises by 68.4% during the first quarter. Versant Capital Management Inc now owns 1,135 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 461 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Sykes Enterprises by 3,276.7% during the first quarter. Meeder Asset Management Inc. now owns 1,452 shares of the information technology services provider’s stock worth $41,000 after acquiring an additional 1,409 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Sykes Enterprises during the first quarter worth about $51,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sykes Enterprises by 41.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,990 shares of the information technology services provider’s stock worth $74,000 after acquiring an additional 874 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Sykes Enterprises during the fourth quarter worth about $106,000. Hedge funds and other institutional investors own 90.50% of the company’s stock.
A number of equities analysts recently weighed in on SYKE shares. Zacks Investment Research lowered shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. ValuEngine upgraded shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub lowered shares of Sykes Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Finally, SunTrust Banks downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating and reduced their target price for the stock from $33.00 to $31.00 in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.00.
Shares of SYKE stock opened at $25.75 on Wednesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.33. Sykes Enterprises, Incorporated has a 12 month low of $22.67 and a 12 month high of $31.41. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.19 and a beta of 0.75.
Sykes Enterprises (NASDAQ:SYKE) last issued its earnings results on Monday, May 6th. The information technology services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. The company had revenue of $402.93 million for the quarter, compared to the consensus estimate of $404.73 million. During the same period in the previous year, the firm earned $0.43 earnings per share. Sykes Enterprises’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that Sykes Enterprises, Incorporated will post 2.15 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/lsv-asset-management-sells-11900-shares-of-sykes-enterprises-incorporated-syke/3018692.html.
Sykes Enterprises Profile
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.
Further Reading: Marijuana Stocks Future Looks Bright
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).
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.