Sykes Enterprises, Incorporated (NASDAQ:SYKE) Position Maintained by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC maintained its stake in Sykes Enterprises, Incorporated (NASDAQ:SYKE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,480 shares of the information technology services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Sykes Enterprises, were worth $687,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in Sykes Enterprises, by 77.3% in the second quarter. State of Alaska Department of Revenue now owns 7,732 shares of the information technology services provider’s stock valued at $259,000 after buying an additional 3,372 shares during the period. Independent Portfolio Consultants Inc. raised its stake in Sykes Enterprises, by 8.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 22,244 shares of the information technology services provider’s stock valued at $746,000 after buying an additional 1,669 shares during the period. Public Employees Retirement System of Ohio raised its stake in Sykes Enterprises, by 4.9% in the first quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock valued at $111,000 after buying an additional 177 shares during the period. Credit Suisse AG raised its stake in Sykes Enterprises, by 30.8% in the first quarter. Credit Suisse AG now owns 60,997 shares of the information technology services provider’s stock valued at $1,793,000 after buying an additional 14,360 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in Sykes Enterprises, by 7.2% in the first quarter. Tudor Investment Corp ET AL now owns 17,936 shares of the information technology services provider’s stock valued at $527,000 after buying an additional 1,212 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Shares of Sykes Enterprises, Incorporated (NASDAQ SYKE) opened at 26.14 on Friday. The firm has a 50-day moving average price of $31.90 and a 200-day moving average price of $30.68. Sykes Enterprises, Incorporated has a 52 week low of $25.77 and a 52 week high of $34.49. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 16.44 and a beta of 0.75.

Sykes Enterprises, (NASDAQ:SYKE) last released its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Sykes Enterprises, had a net margin of 4.36% and a return on equity of 11.21%. The company had revenue of $375.40 million during the quarter, compared to analysts’ expectations of $376.83 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Sykes Enterprises, Incorporated will post $1.80 earnings per share for the current year.

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Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Sykes Enterprises, from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 12th. Robert W. Baird cut their price target on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 8th.

In other Sykes Enterprises, news, VP James T. Holder sold 2,500 shares of Sykes Enterprises, stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $33.00, for a total value of $82,500.00. Following the completion of the transaction, the vice president now owns 19,119 shares of the company’s stock, valued at $630,927. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jenna Nelson sold 3,672 shares of Sykes Enterprises, stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $33.99, for a total transaction of $124,811.28. Following the completion of the transaction, the insider now directly owns 14,520 shares of the company’s stock, valued at approximately $493,534.80. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

About Sykes Enterprises,

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.