Sykes Enterprises (SYKE) Position Raised by LSV Asset Management

LSV Asset Management grew its holdings in Sykes Enterprises (NASDAQ:SYKE) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,532,615 shares of the information technology services provider’s stock after acquiring an additional 14,600 shares during the quarter. LSV Asset Management’s holdings in Sykes Enterprises were worth $44,353,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Teachers Advisors LLC increased its holdings in shares of Sykes Enterprises by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 96,914 shares of the information technology services provider’s stock worth $3,048,000 after acquiring an additional 2,039 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of Sykes Enterprises by 48.8% in the fourth quarter. Macquarie Group Ltd. now owns 6,346 shares of the information technology services provider’s stock worth $200,000 after acquiring an additional 2,080 shares in the last quarter. Comerica Bank increased its holdings in shares of Sykes Enterprises by 2.3% in the first quarter. Comerica Bank now owns 140,850 shares of the information technology services provider’s stock worth $4,227,000 after acquiring an additional 3,120 shares in the last quarter. Swiss National Bank increased its holdings in shares of Sykes Enterprises by 6.3% in the fourth quarter. Swiss National Bank now owns 67,723 shares of the information technology services provider’s stock worth $2,130,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in shares of Sykes Enterprises by 16.1% in the fourth quarter. Aperio Group LLC now owns 33,972 shares of the information technology services provider’s stock worth $1,068,000 after acquiring an additional 4,711 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Sykes Enterprises opened at $27.33 on Monday, MarketBeat Ratings reports. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.17 billion, a PE ratio of 14.46, a PEG ratio of 1.34 and a beta of 0.84. Sykes Enterprises has a fifty-two week low of $25.77 and a fifty-two week high of $34.49.



Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings data on Monday, May 7th. The information technology services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. The company had revenue of $414.37 million during the quarter, compared to analysts’ expectations of $409.96 million. Sykes Enterprises had a return on equity of 10.07% and a net margin of 1.51%. Sykes Enterprises’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. equities research analysts anticipate that Sykes Enterprises will post 2.04 EPS for the current fiscal year.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Sykes Enterprises from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday. ValuEngine downgraded Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. BidaskClub downgraded Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. Barrington Research restated a “hold” rating on shares of Sykes Enterprises in a report on Monday, May 7th. Finally, TheStreet downgraded Sykes Enterprises from a “b-” rating to a “c+” rating in a report on Monday, April 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Sykes Enterprises currently has a consensus rating of “Hold” and an average target price of $31.00.

In other news, insider David Pearson sold 5,000 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $31.25, for a total transaction of $156,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John Chapman sold 6,000 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $31.13, for a total value of $186,780.00. Following the transaction, the chief financial officer now directly owns 15,589 shares of the company’s stock, valued at $485,285.57. The disclosure for this sale can be found here. Insiders have sold 27,776 shares of company stock valued at $830,373 over the last ninety days. 2.90% of the stock is owned by insiders.

Sykes Enterprises 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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