Sykes Enterprises, Incorporated (SYKE) Position Maintained by Bessemer Group Inc.
Bessemer Group Inc. held its stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,800 shares of the information technology services provider’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Sykes Enterprises, were worth $1,871,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of SYKE. Public Employees Retirement System of Ohio raised its stake 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 worth $111,000 after buying an additional 177 shares in the last quarter. State of Alaska Department of Revenue raised its stake 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 worth $128,000 after buying an additional 70 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in Sykes Enterprises, during the first quarter worth $134,000. Dubuque Bank & Trust Co. acquired a new stake in Sykes Enterprises, during the first quarter worth $140,000. Finally, PEAK6 Investments L.P. acquired a new stake in Sykes Enterprises, during the first quarter worth $235,000. Institutional investors own 86.94% of the company’s stock.
Shares of Sykes Enterprises, Incorporated (SYKE) opened at 26.31 on Friday. The firm has a 50-day moving average of $33.09 and a 200-day moving average of $30.76. The company has a market capitalization of $1.10 billion, a P/E ratio of 16.55 and a beta of 0.75. Sykes Enterprises, Incorporated has a 12 month low of $25.77 and a 12 month 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $376.83 million. During the same period last year, the company posted $0.36 EPS. Sykes Enterprises,’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts predict that Sykes Enterprises, Incorporated will post $1.86 earnings per share for the current year.
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A number of research firms recently weighed in on SYKE. Robert W. Baird lowered their target price on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday. Zacks Investment Research lowered shares of Sykes Enterprises, from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th.
In other Sykes Enterprises, news, Director Paul L. Whiting sold 14,164 shares of Sykes Enterprises, stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $32.75, for a total value of $463,871.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jenna Nelson sold 3,672 shares of Sykes Enterprises, 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 completion of the transaction, the insider now directly owns 14,520 shares of the company’s stock, 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 valued at $671,182. 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.
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