Sykes Enterprises Inc. (SYKE) Position Reduced by Robeco Institutional Asset Management B.V.
Robeco Institutional Asset Management B.V. lowered its position in shares of Sykes Enterprises Inc. (NASDAQ:SYKE) by 10.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 745,602 shares of the company’s stock after selling 89,329 shares during the period. Robeco Institutional Asset Management B.V. owned about 1.78% of Sykes Enterprises worth $20,973,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SYKE. PineBridge Investments L.P. raised its position in Sykes Enterprises by 3.4% in the second quarter. PineBridge Investments L.P. now owns 4,918 shares of the company’s stock worth $142,000 after buying an additional 161 shares during the last quarter. Teacher Retirement System of Texas raised its position in Sykes Enterprises by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,374 shares of the company’s stock worth $156,000 after buying an additional 650 shares during the last quarter. Paradigm Asset Management Co. LLC raised its position in Sykes Enterprises by 11.8% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,700 shares of the company’s stock worth $165,000 after buying an additional 600 shares during the last quarter. Mason Street Advisors LLC bought a new position in Sykes Enterprises during the second quarter worth $220,000. Finally, KBC Group NV bought a new position in Sykes Enterprises during the second quarter worth $233,000. 85.29% of the stock is owned by institutional investors and hedge funds.
Shares of Sykes Enterprises Inc. (NASDAQ:SYKE) traded down 0.21% during mid-day trading on Tuesday, hitting $28.56. The stock had a trading volume of 25,642 shares. The company has a market cap of $1.20 billion, a PE ratio of 18.79 and a beta of 0.75. Sykes Enterprises Inc. has a 12 month low of $25.77 and a 12 month high of $32.45. The stock’s 50-day moving average is $27.12 and its 200 day moving average is $28.93.
Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings results on Monday, October 31st. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.06. The business earned $385.70 million during the quarter, compared to analysts’ expectations of $388.96 million. Sykes Enterprises had a return on equity of 11.19% and a net margin of 4.57%. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. On average, equities research analysts forecast that Sykes Enterprises Inc. will post $1.82 earnings per share for the current fiscal year.
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A number of research firms have weighed in on SYKE. Zacks Investment Research lowered Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Sykes Enterprises in a report on Sunday, September 4th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.00.
In other news, CEO Charles E. Sykes sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $29.19, for a total value of $1,459,500.00. Following the completion of the sale, the chief executive officer now directly owns 298,457 shares of the company’s stock, valued at approximately $8,711,959.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.60% 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 arena. The Company provides an array of customer contact management solutions to a range of clients in communications, financial services, technology or consumer, transportation and leisure, healthcare and other industry verticals.
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