Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in Sykes Enterprises, Incorporated (SYKE)

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Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,420 shares of the information technology services provider’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. grew its holdings in shares of Sykes Enterprises by 13.7% during the first quarter. Prudential Financial Inc. now owns 237,648 shares of the information technology services provider’s stock valued at $6,878,000 after buying an additional 28,614 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Sykes Enterprises by 1.8% during the first quarter. Wells Fargo & Company MN now owns 1,203,776 shares of the information technology services provider’s stock valued at $34,837,000 after buying an additional 20,767 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Sykes Enterprises during the first quarter valued at about $316,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Sykes Enterprises by 6.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 343,948 shares of the information technology services provider’s stock valued at $9,954,000 after buying an additional 21,333 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Sykes Enterprises by 2.3% during the first quarter. Comerica Bank now owns 140,850 shares of the information technology services provider’s stock valued at $4,227,000 after buying an additional 3,120 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Shares of NASDAQ SYKE opened at $29.69 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.45 and a beta of 0.75. Sykes Enterprises, Incorporated has a 1 year low of $25.90 and a 1 year high of $32.15. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.11.

Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings results on Monday, August 6th. The information technology services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Sykes Enterprises had a net margin of 1.39% and a return on equity of 10.28%. The company had revenue of $396.80 million for the quarter, compared to analyst estimates of $402.95 million. During the same period last year, the firm earned $0.21 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. research analysts anticipate that Sykes Enterprises, Incorporated will post 2.07 EPS for the current fiscal year.

In related news, VP James T. Holder sold 8,300 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $30.05, for a total transaction of $249,415.00. Following the transaction, the vice president now directly owns 19,706 shares of the company’s stock, valued at $592,165.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. BidaskClub cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Friday, July 27th. Barrington Research reiterated a “hold” rating on shares of Sykes Enterprises in a report on Monday, August 6th. SunTrust Banks reiterated a “buy” rating and set a $36.00 price objective on shares of Sykes Enterprises in a report on Friday, July 27th. Finally, TheStreet cut shares of Sykes Enterprises from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Sykes Enterprises has a consensus rating of “Hold” and a consensus target price of $31.67.

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.

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

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