Sykes Enterprises, Incorporated (SYKE) Shares Sold by KBC Group NV

KBC Group NV trimmed its holdings in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,992 shares of the information technology services provider’s stock after selling 4,794 shares during the period. KBC Group NV’s holdings in Sykes Enterprises were worth $1,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sykes Enterprises by 41.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,990 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 874 shares during the period. Renaissance Technologies LLC grew its holdings in Sykes Enterprises by 0.4% during the third quarter. Renaissance Technologies LLC now owns 608,700 shares of the information technology services provider’s stock worth $18,559,000 after acquiring an additional 2,227 shares during the period. IndexIQ Advisors LLC grew its holdings in Sykes Enterprises by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 78,550 shares of the information technology services provider’s stock worth $2,395,000 after acquiring an additional 2,968 shares during the period. Arizona State Retirement System grew its holdings in Sykes Enterprises by 6.1% during the fourth quarter. Arizona State Retirement System now owns 61,271 shares of the information technology services provider’s stock worth $1,515,000 after acquiring an additional 3,502 shares during the period. Finally, Foundry Partners LLC grew its holdings in Sykes Enterprises by 1.8% during the third quarter. Foundry Partners LLC now owns 209,819 shares of the information technology services provider’s stock worth $6,397,000 after acquiring an additional 3,735 shares during the period. 88.83% of the stock is currently owned by institutional investors.

SYKE has been the topic of a number of research analyst reports. Zacks Investment Research lowered Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. ValuEngine raised Sykes Enterprises from a “sell” rating to a “hold” rating in a report on Monday, November 12th. BidaskClub raised Sykes Enterprises from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 13th. Finally, Barrington Research reaffirmed a “hold” rating on shares of Sykes Enterprises in a report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.00.

In related news, VP James T. Holder sold 2,500 shares of Sykes Enterprises stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $27.31, for a total transaction of $68,275.00. Following the transaction, the vice president now directly owns 17,206 shares of the company’s stock, valued at $469,895.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by insiders.

NASDAQ:SYKE opened at $29.03 on Tuesday. The stock has a market cap of $1.21 billion, a P/E ratio of 14.52, a PEG ratio of 1.26 and a beta of 0.71. Sykes Enterprises, Incorporated has a 52-week low of $22.67 and a 52-week high of $31.54. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.10.

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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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