River Road Asset Management LLC reduced its stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580,483 shares of the information technology services provider’s stock after selling 71,239 shares during the period. River Road Asset Management LLC owned approximately 1.39% of Sykes Enterprises, worth $19,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SYKE. Federated Investors Inc. PA raised its position in shares of Sykes Enterprises, by 44.0% in the second quarter. Federated Investors Inc. PA now owns 46,305 shares of the information technology services provider’s stock valued at $1,553,000 after buying an additional 14,159 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Sykes Enterprises, by 44.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,639 shares of the information technology services provider’s stock valued at $524,000 after buying an additional 4,807 shares during the last quarter. Legal & General Group Plc raised its position in shares of Sykes Enterprises, by 11.8% in the second quarter. Legal & General Group Plc now owns 77,476 shares of the information technology services provider’s stock valued at $2,598,000 after buying an additional 8,147 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Sykes Enterprises, by 55.6% in the second quarter. SG Americas Securities LLC now owns 16,171 shares of the information technology services provider’s stock valued at $542,000 after buying an additional 5,781 shares during the last quarter. Finally, Olstein Capital Management L.P. purchased a new position in shares of Sykes Enterprises, during the second quarter valued at $1,241,000. 86.37% of the stock is currently owned by institutional investors.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at 26.18 on Tuesday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 16.47 and a beta of 0.75. Sykes Enterprises, Incorporated has a 12 month low of $25.77 and a 12 month high of $34.49. The firm has a 50-day moving average price of $30.92 and a 200 day moving average price of $30.62.

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

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Several research analysts have weighed in on the company. Zacks Investment Research lowered Sykes Enterprises, from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 12th. Robert W. Baird dropped their target price on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 8th.

In other Sykes Enterprises, news, insider Jenna Nelson sold 3,672 shares of Sykes Enterprises, stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $33.99, for a total transaction of $124,811.28. Following the transaction, the insider now owns 14,520 shares of the company’s stock, valued at approximately $493,534.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

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.

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

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