Stevens Capital Management LP lessened its stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,567 shares of the information technology services provider’s stock after selling 2,319 shares during the quarter. Stevens Capital Management LP’s holdings in Sykes Enterprises, were worth $522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in Sykes Enterprises, by 4.9% in the 1st 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 in the last quarter. Riverhead Capital Management LLC increased its holdings in Sykes Enterprises, by 57.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,631 shares of the information technology services provider’s stock worth $122,000 after acquiring an additional 1,331 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in Sykes Enterprises, in the 1st quarter worth $134,000. Sei Investments Co. increased its holdings in Sykes Enterprises, by 0.3% in the 2nd 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 in the last quarter. Finally, Dubuque Bank & Trust Co. increased its holdings in Sykes Enterprises, by 26.0% in the 2nd 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 in the last quarter. 86.35% of the stock is owned by institutional investors.

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Shares of Sykes Enterprises, Incorporated (NASDAQ SYKE) opened at 29.19 on Thursday. Sykes Enterprises, Incorporated has a 12-month low of $25.77 and a 12-month high of $34.49. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 18.36 and a beta of 0.82. The stock’s 50 day moving average is $27.55 and its 200-day moving average is $30.47.

Sykes Enterprises, (NASDAQ:SYKE) last released its quarterly earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The business 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 business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.36 EPS. Equities analysts anticipate that Sykes Enterprises, Incorporated will post $1.80 EPS for the current fiscal year.

Several brokerages recently commented on SYKE. Zacks Investment Research raised shares of Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Thursday, July 13th. Robert W. Baird dropped their target price on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 8th.

In other news, CEO Charles E. Sykes sold 20,000 shares of Sykes Enterprises, stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $26.27, for a total transaction of $525,400.00. Following the completion of the transaction, the chief executive officer now owns 337,999 shares of the company’s stock, valued at approximately $8,879,233.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company’s stock.

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.

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

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