Sykes Enterprises, Incorporated (SYKE) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. decreased its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,545 shares of the information technology services provider’s stock after selling 600 shares during the period. Macquarie Group Ltd.’s holdings in Sykes Enterprises were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its stake in Sykes Enterprises by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 28,560 shares of the information technology services provider’s stock valued at $706,000 after buying an additional 628 shares during the period. United Services Automobile Association grew its stake in shares of Sykes Enterprises by 6.5% in the 4th quarter. United Services Automobile Association now owns 11,415 shares of the information technology services provider’s stock worth $282,000 after purchasing an additional 693 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sykes Enterprises by 41.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,990 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 874 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Sykes Enterprises by 3.9% in the 4th quarter. Texas Permanent School Fund now owns 26,036 shares of the information technology services provider’s stock worth $644,000 after purchasing an additional 979 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Sykes Enterprises by 11.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,261 shares of the information technology services provider’s stock worth $328,000 after purchasing an additional 1,318 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

In other Sykes Enterprises news, insider Jenna Nelson sold 12,800 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $29.99, for a total value of $383,872.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.90% of the company’s stock.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Sykes Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 5th. Zacks Investment Research cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. SunTrust Banks cut shares of Sykes Enterprises from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $33.00 to $31.00 in a research note on Friday, April 12th. Finally, ValuEngine cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $30.50.

Shares of SYKE opened at $27.62 on Friday. The company has a market capitalization of $1.18 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.78 and a current ratio of 2.78. Sykes Enterprises, Incorporated has a 12-month low of $22.67 and a 12-month high of $31.41.

Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly earnings data on Monday, February 25th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.09). The business had revenue of $415.20 million during the quarter, compared to analyst estimates of $417.35 million. Sykes Enterprises had a return on equity of 10.52% and a net margin of 3.01%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. As a group, research analysts forecast that Sykes Enterprises, Incorporated will post 2.21 EPS for the current fiscal year.

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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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