California Public Employees Retirement System Sells 5,893 Shares of Sykes Enterprises, Incorporated (SYKE)

California Public Employees Retirement System lessened its holdings in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 152,948 shares of the information technology services provider’s stock after selling 5,893 shares during the period. California Public Employees Retirement System owned 0.36% of Sykes Enterprises worth $4,426,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. AXA lifted its holdings in shares of Sykes Enterprises by 30.6% during the fourth quarter. AXA now owns 216,300 shares of the information technology services provider’s stock worth $6,803,000 after purchasing an additional 50,700 shares during the period. Teacher Retirement System of Texas bought a new position in Sykes Enterprises during the fourth quarter worth $417,000. Swiss National Bank raised its stake in Sykes Enterprises by 6.3% during the fourth quarter. Swiss National Bank now owns 67,723 shares of the information technology services provider’s stock worth $2,130,000 after buying an additional 4,000 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Sykes Enterprises by 3.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 322,615 shares of the information technology services provider’s stock worth $10,147,000 after buying an additional 11,413 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new position in Sykes Enterprises during the fourth quarter worth $229,000. Institutional investors own 86.47% of the company’s stock.

Shares of NASDAQ SYKE opened at $29.11 on Friday. Sykes Enterprises, Incorporated has a twelve month low of $25.77 and a twelve month high of $34.49. 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 firm has a market cap of $1.24 billion, a P/E ratio of 14.56, a PEG ratio of 1.42 and a beta of 0.82.

Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings results on Monday, May 7th. The information technology services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.15. Sykes Enterprises had a net margin of 1.51% and a return on equity of 10.07%. The firm had revenue of $414.37 million during the quarter, compared to the consensus estimate of $409.96 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. research analysts predict that Sykes Enterprises, Incorporated will post 2.05 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. BidaskClub raised shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th. Barrington Research reissued a “hold” rating on shares of Sykes Enterprises in a research note on Monday, May 7th. TheStreet raised shares of Sykes Enterprises from a “c+” rating to a “b” rating in a research note on Monday, June 4th. Finally, ValuEngine downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $31.00.

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.

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

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