Sykes Enterprises (SYKE) Stake Lessened by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its stake in shares of Sykes Enterprises (NASDAQ:SYKE) by 21.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,654 shares of the information technology services provider’s stock after selling 6,400 shares during the quarter. Two Sigma Advisers LP owned about 0.06% of Sykes Enterprises worth $744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Sykes Enterprises by 3.0% during the 4th quarter. BlackRock Inc. now owns 5,096,687 shares of the information technology services provider’s stock valued at $160,292,000 after acquiring an additional 149,701 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Sykes Enterprises by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,323,137 shares of the information technology services provider’s stock valued at $73,063,000 after acquiring an additional 8,775 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Sykes Enterprises by 0.9% during the 4th quarter. LSV Asset Management now owns 1,518,015 shares of the information technology services provider’s stock valued at $47,741,000 after acquiring an additional 13,000 shares during the last quarter. Boston Partners boosted its holdings in shares of Sykes Enterprises by 5.2% during the 4th quarter. Boston Partners now owns 1,417,778 shares of the information technology services provider’s stock valued at $44,589,000 after acquiring an additional 69,662 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Sykes Enterprises by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,183,009 shares of the information technology services provider’s stock valued at $37,205,000 after acquiring an additional 18,977 shares during the last quarter. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

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SYKE opened at $29.57 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1,237.63, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 1.44 and a beta of 0.82. Sykes Enterprises has a 12-month low of $25.77 and a 12-month high of $34.49.

Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings data on Monday, February 26th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $419.25 million for the quarter, compared to the consensus estimate of $410.02 million. Sykes Enterprises had a net margin of 2.03% and a return on equity of 10.80%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. equities research analysts predict that Sykes Enterprises will post 2 earnings per share for the current year.

A number of brokerages have recently issued reports on SYKE. BidaskClub downgraded shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Sykes Enterprises in a report on Monday, March 5th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $32.00.

In related news, insider David Pearson sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $31.25, for a total value of $156,250.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Lawrence Zingale sold 16,776 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The stock was sold at an average price of $29.05, for a total transaction of $487,342.80. Following the completion of the transaction, the insider now directly owns 49,708 shares in the company, valued at approximately $1,444,017.40. The disclosure for this sale can be found here. In the last three months, insiders sold 32,776 shares of company stock worth $994,673. 2.70% of the stock is currently owned by insiders.

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About Sykes Enterprises

Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and global customer engagement services. Its customer care services include handling billing inquiries and claims, activating customer accounts, resolving complaints, cross-selling/up-selling, and prequalifying and warranty management, as well as providing health information and dispatching roadside assistance.

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

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