Sykes Enterprises, Incorporated (SYKE) Position Boosted by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 27.8% during the first quarter, Holdings Channel reports. The institutional investor owned 247,139 shares of the information technology services provider’s stock after buying an additional 53,791 shares during the period. Nordea Investment Management AB owned about 0.59% of Sykes Enterprises, worth $7,266,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of 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 in the last quarter. Wells Fargo & Company MN boosted its position in shares of Sykes Enterprises, by 17.5% in the first quarter. Wells Fargo & Company MN now owns 1,032,420 shares of the information technology services provider’s stock valued at $30,354,000 after buying an additional 153,460 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Sykes Enterprises, by 2.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 999,621 shares of the information technology services provider’s stock valued at $28,119,000 after buying an additional 20,687 shares in the last quarter. State Street Corp boosted its position in shares of 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 in the last quarter. Finally, LSV Asset Management boosted its position in shares of Sykes Enterprises, by 14.9% in the first quarter. LSV Asset Management now owns 795,620 shares of the information technology services provider’s stock valued at $23,391,000 after buying an additional 103,447 shares in the last quarter. 85.06% of the stock is owned by institutional investors and hedge funds.

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

Sykes Enterprises, Incorporated (NASDAQ:SYKE) traded up 0.58% during midday trading on Friday, reaching $32.79. The company’s stock had a trading volume of 183,642 shares. The stock’s 50-day moving average price is $30.13 and its 200-day moving average price is $28.82. Sykes Enterprises, Incorporated has a 12 month low of $25.77 and a 12 month high of $33.92. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 20.51 and a beta of 0.71.

Sykes Enterprises, (NASDAQ:SYKE) last posted its earnings results on Monday, May 8th. The information technology services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.14. The firm had revenue of $384.01 million for the quarter, compared to the consensus estimate of $400.15 million. Sykes Enterprises, had a net margin of 4.57% and a return on equity of 11.19%. The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share. Analysts predict that Sykes Enterprises, Incorporated will post $2.10 EPS for the current year.

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

In other Sykes Enterprises, news, CFO John Chapman sold 6,200 shares of the company’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $28.52, for a total transaction of $176,824.00. Following the completion of the sale, the chief financial officer now directly owns 17,468 shares in the company, valued at $498,187.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul L. Whiting sold 14,164 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $32.75, for a total transaction of $463,871.00. The disclosure for this sale can be found here. Insiders have sold 64,247 shares of company stock worth $1,896,282 over the last three months. Company insiders own 3.60% of the company’s stock.

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.

5 Day Chart for NASDAQ:SYKE

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