James Investment Research Inc. Sells 53,180 Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE)

James Investment Research Inc. cut its stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 57.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,200 shares of the information technology services provider’s stock after selling 53,180 shares during the period. James Investment Research Inc. owned about 0.09% of Sykes Enterprises worth $1,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in Sykes Enterprises by 401.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 19,058 shares of the information technology services provider’s stock valued at $472,000 after acquiring an additional 15,259 shares during the last quarter. ClariVest Asset Management LLC lifted its position in Sykes Enterprises by 17.7% in the fourth quarter. ClariVest Asset Management LLC now owns 91,675 shares of the information technology services provider’s stock valued at $2,269,000 after acquiring an additional 13,769 shares during the last quarter. Martingale Asset Management L P lifted its position in Sykes Enterprises by 19.1% in the fourth quarter. Martingale Asset Management L P now owns 218,843 shares of the information technology services provider’s stock valued at $5,413,000 after acquiring an additional 35,101 shares during the last quarter. Vanguard Group Inc. lifted its position in Sykes Enterprises by 1.1% in the third quarter. Vanguard Group Inc. now owns 4,510,212 shares of the information technology services provider’s stock valued at $137,516,000 after acquiring an additional 50,990 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Sykes Enterprises by 7.8% in the third quarter. Legal & General Group Plc now owns 91,343 shares of the information technology services provider’s stock valued at $2,775,000 after acquiring an additional 6,624 shares during the last quarter. 90.50% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Jenna Nelson sold 12,800 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $29.99, for a total transaction of $383,872.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

NASDAQ SYKE traded up $0.05 during trading on Wednesday, reaching $25.80. The company’s stock had a trading volume of 169,202 shares, compared to its average volume of 151,916. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.27 and a current ratio of 2.27. The firm has a market cap of $1.08 billion, a PE ratio of 12.77, a P/E/G ratio of 1.19 and a beta of 0.75. Sykes Enterprises, Incorporated has a twelve month low of $22.67 and a twelve month high of $31.41.

Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, May 6th. The information technology services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. The business had revenue of $402.93 million for the quarter, compared to analyst estimates of $404.73 million. During the same period in the previous year, the business posted $0.43 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. Research analysts predict that Sykes Enterprises, Incorporated will post 2.15 earnings per share for the current year.

A number of research firms have commented on SYKE. ValuEngine upgraded shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub lowered shares of Sykes Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Zacks Investment Research lowered shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, SunTrust Banks lowered shares of Sykes Enterprises from a “buy” rating to a “hold” rating and dropped their price objective for the company from $33.00 to $31.00 in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.00.

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Sykes Enterprises Company Profile

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.

Further Reading: Market Capitalization and Individual Investors

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

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