Crossmark Global Holdings Inc. bought a new stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) in the 1st quarter, Holdings Channel reports. The institutional investor bought 7,129 shares of the information technology services provider’s stock, valued at approximately $202,000.
Several other large investors have also recently modified their holdings of SYKE. Versant Capital Management Inc raised its position in shares of Sykes Enterprises by 68.4% in the 1st quarter. Versant Capital Management Inc now owns 1,135 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 461 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Sykes Enterprises by 3,276.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,452 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 1,409 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Sykes Enterprises in the 1st quarter valued at approximately $51,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sykes Enterprises by 41.3% during 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 in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Sykes Enterprises during the 4th quarter worth approximately $106,000. Institutional investors own 90.50% of the company’s stock.
In related news, insider Jenna Nelson sold 12,800 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $29.99, for a total transaction of $383,872.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by corporate insiders.
Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings data on Monday, May 6th. The information technology services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The business had revenue of $402.93 million during the quarter, compared to analysts’ expectations of $404.73 million. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. As a group, research analysts expect that Sykes Enterprises, Incorporated will post 2.15 earnings per share for the current fiscal year.
SYKE has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. ValuEngine upgraded shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub cut shares of Sykes Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Finally, 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 report on Friday, April 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Sykes Enterprises currently has an average rating of “Hold” and an average price target of $31.00.
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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.
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