The Manufacturers Life Insurance Company increased its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,449 shares of the information technology services provider’s stock after buying an additional 131 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Sykes Enterprises, worth $1,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Sykes Enterprises, by 48,788.9% during the 1st quarter. BlackRock Inc. now owns 4,860,043 shares of the information technology services provider’s stock worth $142,885,000 after buying an additional 4,850,102 shares in the last quarter. Boston Partners lifted its position in Sykes Enterprises, by 3.1% during the 2nd quarter. Boston Partners now owns 1,311,924 shares of the information technology services provider’s stock worth $43,989,000 after buying an additional 39,435 shares in the last quarter. LSV Asset Management lifted its position in Sykes Enterprises, by 62.1% during the 2nd quarter. LSV Asset Management now owns 1,289,775 shares of the information technology services provider’s stock worth $43,246,000 after buying an additional 494,155 shares in the last quarter. State Street Corp lifted its position in Sykes Enterprises, by 3.9% during the 2nd quarter. State Street Corp now owns 1,085,236 shares of the information technology services provider’s stock worth $36,391,000 after buying an additional 41,008 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Sykes Enterprises, by 4.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,080,813 shares of the information technology services provider’s stock worth $36,239,000 after buying an additional 48,393 shares in the last quarter. Institutional investors and hedge funds own 85.48% of the company’s stock.

In other Sykes Enterprises, news, CEO Charles E. Sykes sold 20,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total transaction of $525,400.00. Following the transaction, the chief executive officer now directly owns 337,999 shares in the company, valued at approximately $8,879,233.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

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Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at $28.56 on Tuesday. 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, Incorporated has a 52-week low of $25.77 and a 52-week high of $34.49. The stock has a market cap of $1,231.16, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.49 and a beta of 0.85.

Sykes Enterprises, (NASDAQ:SYKE) last released its earnings results on Monday, November 6th. The information technology services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. Sykes Enterprises, had a net margin of 4.32% and a return on equity of 11.33%. The company had revenue of $407.31 million for the quarter, compared to the consensus estimate of $399.22 million. During the same period in the prior year, the company posted $0.55 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. equities research analysts anticipate that Sykes Enterprises, Incorporated will post 1.93 earnings per share for the current year.

Several research analysts recently issued reports on SYKE shares. Zacks Investment Research downgraded shares of Sykes Enterprises, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Robert W. Baird restated a “hold” rating and set a $29.00 target price on shares of Sykes Enterprises, in a research report on Sunday, October 22nd. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $34.00 target price on shares of Sykes Enterprises, in a research report on Monday, October 9th.

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.

Institutional Ownership by Quarter for Sykes Enterprises, (NASDAQ:SYKE)

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