Sykes Enterprises, Incorporated (SYKE) Shares Sold by KBC Group NV
KBC Group NV cut its holdings in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,387 shares of the information technology services provider’s stock after selling 2,285 shares during the period. KBC Group NV owned 0.12% of Sykes Enterprises worth $1,440,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sei Investments Co. lifted its holdings in Sykes Enterprises by 0.3% in the 2nd quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock worth $181,000 after purchasing an additional 15 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Sykes Enterprises by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,449 shares of the information technology services provider’s stock worth $1,020,000 after purchasing an additional 131 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Sykes Enterprises by 4.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock worth $111,000 after acquiring an additional 177 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Sykes Enterprises by 2.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,030 shares of the information technology services provider’s stock worth $470,000 after acquiring an additional 310 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Sykes Enterprises by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 80,417 shares of the information technology services provider’s stock worth $2,696,000 after acquiring an additional 391 shares in the last quarter. 85.72% of the stock is currently owned by institutional investors.
In related news, CEO Charles E. Sykes sold 10,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $31.16, for a total transaction of $311,600.00. Following the sale, the chief executive officer now owns 275,589 shares in the company, valued at approximately $8,587,353.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles E. Sykes sold 40,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $31.17, for a total value of $1,246,800.00. Following the sale, the chief executive officer now owns 285,189 shares in the company, valued at approximately $8,889,341.13. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and set a $29.00 price objective on shares of Sykes Enterprises in a report on Sunday, October 22nd. BidaskClub cut Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $34.00 price objective on shares of Sykes Enterprises in a report on Monday, October 9th. Finally, Zacks Investment Research raised Sykes Enterprises from a “strong sell” rating to a “hold” rating and set a $33.00 price objective on the stock in a report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Sykes Enterprises presently has a consensus rating of “Hold” and a consensus target price of $33.50.
Shares of Sykes Enterprises, Incorporated (SYKE) opened at $30.91 on Wednesday. The stock has a market capitalization of $1,316.53, a P/E ratio of 14.97, a PEG ratio of 1.59 and a beta of 0.89. Sykes Enterprises, Incorporated has a twelve month low of $25.77 and a twelve month high of $34.49. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.33.
Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, November 6th. The information technology services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.18. The business had revenue of $407.31 million for the quarter, compared to analysts’ expectations of $399.22 million. Sykes Enterprises had a return on equity of 11.33% and a net margin of 4.32%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. equities research analysts predict that Sykes Enterprises, Incorporated will post 1.93 earnings per share for the current fiscal year.
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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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