Sykes Enterprises, Incorporated (SYKE) Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. trimmed its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 524,071 shares of the information technology services provider’s stock after selling 58,561 shares during the period. JPMorgan Chase & Co. owned about 1.26% of Sykes Enterprises, worth $17,571,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Sykes Enterprises, by 4.9% during the first quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock worth $111,000 after acquiring an additional 177 shares during the period. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Sykes Enterprises, during the first quarter worth $134,000. Sei Investments Co. raised its holdings in shares of Sykes Enterprises, by 0.3% during the second quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock worth $181,000 after acquiring an additional 15 shares during the period. Dubuque Bank & Trust Co. raised its holdings in shares of Sykes Enterprises, by 26.0% during the second quarter. Dubuque Bank & Trust Co. now owns 6,006 shares of the information technology services provider’s stock worth $201,000 after acquiring an additional 1,241 shares during the period. Finally, PEAK6 Investments L.P. acquired a new stake in shares of Sykes Enterprises, during the first quarter worth $235,000. Institutional investors and hedge funds own 86.35% of the company’s stock.
In related news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $8,879,233.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.
Shares of Sykes Enterprises, Incorporated (SYKE) opened at 28.12 on Friday. Sykes Enterprises, Incorporated has a one year low of $25.77 and a one year high of $34.49. The company’s 50 day moving average is $27.55 and its 200-day moving average is $30.47. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 17.69 and a beta of 0.82.
Sykes Enterprises, (NASDAQ:SYKE) last issued its earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The business had revenue of $375.40 million for the quarter, compared to analyst estimates of $376.83 million. Sykes Enterprises, had a net margin of 4.36% and a return on equity of 11.21%. Sykes Enterprises,’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. Equities analysts expect that Sykes Enterprises, Incorporated will post $1.80 EPS for the current year.
A number of equities research analysts recently commented on SYKE shares. Zacks Investment Research upgraded shares of Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, July 13th. Robert W. Baird dropped their price objective on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th.
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Sykes Enterprises, 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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