TIAA CREF Investment Management LLC lessened its position in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 17.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,843 shares of the information technology services provider’s stock after selling 29,227 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.33% of Sykes Enterprises, worth $4,588,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. grew its stake in Sykes Enterprises, by 48.6% in the first quarter. UBS Asset Management Americas Inc. now owns 20,871 shares of the information technology services provider’s stock valued at $614,000 after purchasing an additional 6,825 shares in the last quarter. Mason Street Advisors LLC grew its stake in Sykes Enterprises, by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,228 shares of the information technology services provider’s stock valued at $271,000 after purchasing an additional 604 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Sykes Enterprises, by 453.0% in the first quarter. Envestnet Asset Management Inc. now owns 10,275 shares of the information technology services provider’s stock valued at $302,000 after purchasing an additional 8,417 shares in the last quarter. Arizona State Retirement System grew its stake in Sykes Enterprises, by 1.0% in the first quarter. Arizona State Retirement System now owns 20,523 shares of the information technology services provider’s stock valued at $603,000 after purchasing an additional 200 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Sykes Enterprises, by 104.1% in the first quarter. Alliancebernstein L.P. now owns 109,542 shares of the information technology services provider’s stock valued at $3,221,000 after purchasing an additional 55,860 shares in the last quarter. 86.34% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have weighed in on SYKE. Zacks Investment Research upgraded Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Thursday, July 13th. Robert W. Baird decreased their price target on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 8th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $34.00 price target on shares of Sykes Enterprises, in a research note on Monday, October 9th.

Sykes Enterprises, Incorporated (SYKE) opened at 29.39 on Friday. The company has a market capitalization of $1.23 billion, a P/E ratio of 18.48 and a beta of 0.84. The firm has a 50-day moving average price of $28.23 and a 200-day moving average price of $30.53. Sykes Enterprises, Incorporated has a 1-year low of $25.77 and a 1-year high of $34.49.

Sykes Enterprises, (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $375.40 million during the quarter, compared to the consensus estimate of $376.83 million. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 earnings per share. On average, analysts forecast that Sykes Enterprises, Incorporated will post $1.80 EPS for the current fiscal year.

In other news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $26.27, for a total value of $525,400.00. Following the completion of the sale, the chief executive officer now directly owns 337,999 shares of the company’s stock, valued at $8,879,233.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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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