New Amsterdam Partners LLC NY increased its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 17.8% during the second quarter, Holdings Channel reports. The firm owned 209,337 shares of the information technology services provider’s stock after buying an additional 31,679 shares during the period. Sykes Enterprises, accounts for about 1.5% of New Amsterdam Partners LLC NY’s holdings, making the stock its 21st largest position. New Amsterdam Partners LLC NY’s holdings in Sykes Enterprises, were worth $7,019,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Sykes Enterprises, by 4.9% in the first quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock valued at $111,000 after buying an additional 177 shares during the period. State of Alaska Department of Revenue increased its position in 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. Mckinley Capital Management LLC Delaware bought a new position in Sykes Enterprises, during the first quarter valued at $134,000. Dubuque Bank & Trust Co. bought a new position in Sykes Enterprises, during the first quarter valued at $140,000. Finally, Sei Investments Co. increased its position in Sykes Enterprises, by 0.3% in the second quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock valued at $181,000 after buying an additional 15 shares during the period. Institutional investors own 86.94% of the company’s stock.

Sykes Enterprises, Incorporated (SYKE) opened at 26.93 on Friday. The stock has a market capitalization of $1.13 billion, a P/E ratio of 16.94 and a beta of 0.75. Sykes Enterprises, Incorporated has a 52-week low of $25.77 and a 52-week high of $34.49. The company’s 50-day moving average price is $32.90 and its 200 day moving average price is $30.75.

Sykes Enterprises, (NASDAQ:SYKE) last posted its quarterly earnings results on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. Sykes Enterprises, had a net margin of 4.36% and a return on equity of 11.21%. The company 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 company earned $0.36 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts predict that Sykes Enterprises, Incorporated will post $1.80 earnings per share for the current fiscal year.

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Several research firms recently weighed in on SYKE. Robert W. Baird lowered their target price on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday. Zacks Investment Research downgraded Sykes Enterprises, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th.

In other news, VP James T. Holder sold 2,500 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $33.00, for a total transaction of $82,500.00. Following the sale, the vice president now directly owns 19,119 shares of the company’s stock, valued at approximately $630,927. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jenna Nelson sold 3,672 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $33.99, for a total transaction of $124,811.28. Following the sale, 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 three months, insiders have sold 20,336 shares of company stock worth $671,182. Corporate 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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