Karp Capital Management Corp Invests $751,000 in Sykes Enterprises, Incorporated (SYKE)

Karp Capital Management Corp bought a new stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) during the first quarter, Holdings Channel reports. The firm bought 25,533 shares of the information technology services provider’s stock, valued at approximately $751,000. Karp Capital Management Corp owned about 0.06% of Sykes Enterprises, at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Sykes Enterprises, during the fourth quarter valued at about $7,120,000. State Board of Administration of Florida Retirement System raised its position in Sykes Enterprises, by 6.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 70,443 shares of the information technology services provider’s stock valued at $2,033,000 after buying an additional 4,069 shares during the last quarter. Comerica Bank raised its position in Sykes Enterprises, by 61.3% in the fourth quarter. Comerica Bank now owns 87,837 shares of the information technology services provider’s stock valued at $2,492,000 after buying an additional 33,381 shares during the last quarter. State Street Corp raised its position in Sykes Enterprises, by 8.4% in the fourth quarter. State Street Corp now owns 961,397 shares of the information technology services provider’s stock valued at $27,745,000 after buying an additional 74,774 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Sykes Enterprises, by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,415,904 shares of the information technology services provider’s stock valued at $98,583,000 after buying an additional 103,483 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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

Sykes Enterprises, Incorporated (SYKE) opened at 33.62 on Friday. Sykes Enterprises, Incorporated has a 12-month low of $25.77 and a 12-month high of $34.45. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 21.03 and a beta of 0.76. The company has a 50-day moving average of $32.50 and a 200 day moving average of $29.67.

Sykes Enterprises, (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, May 8th. The information technology services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Sykes Enterprises, had a return on equity of 11.39% and a net margin of 4.41%. The firm had revenue of $384.01 million during the quarter, compared to analyst estimates of $400.15 million. During the same quarter last year, the firm earned $0.42 EPS. Sykes Enterprises,’s quarterly revenue was up 19.7% on a year-over-year basis. Equities analysts expect that Sykes Enterprises, Incorporated will post $2.10 EPS for the current fiscal year.

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Separately, Zacks Investment Research lowered shares of Sykes Enterprises, from a “hold” rating to a “sell” rating in a report on Friday, February 24th.

In other Sykes Enterprises, news, VP James T. Holder sold 8,898 shares of the stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $28.57, for a total transaction of $254,215.86. Following the transaction, the vice president now owns 21,129 shares of the company’s stock, valued at approximately $603,655.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP James T. Holder sold 2,500 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $33.00, for a total value of $82,500.00. Following the transaction, the vice president now directly owns 19,119 shares in the company, valued at approximately $630,927. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,419 shares of company stock valued at $2,103,593. 2.70% of the stock is owned by insiders.

Sykes Enterprises, Company Profile

Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena on a global basis. The Company has operations in two segments: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SYKE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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