Sykes Enterprises, Incorporated (SYKE) Shares Sold by Alambic Investment Management L.P.

Alambic Investment Management L.P. reduced its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 71.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,425 shares of the information technology services provider’s stock after selling 80,393 shares during the period. Sykes Enterprises accounts for 0.8% of Alambic Investment Management L.P.’s investment portfolio, making the stock its 27th biggest holding. Alambic Investment Management L.P. owned 0.08% of Sykes Enterprises worth $989,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Sykes Enterprises by 6.4% in the second quarter. BlackRock Inc. now owns 5,484,321 shares of the information technology services provider’s stock worth $157,841,000 after purchasing an additional 328,065 shares in the last quarter. TD Asset Management Inc. boosted its holdings in Sykes Enterprises by 622.9% in the second quarter. TD Asset Management Inc. now owns 227,000 shares of the information technology services provider’s stock worth $6,533,000 after purchasing an additional 195,600 shares in the last quarter. River Road Asset Management LLC boosted its holdings in Sykes Enterprises by 23.9% in the third quarter. River Road Asset Management LLC now owns 673,392 shares of the information technology services provider’s stock worth $20,532,000 after purchasing an additional 129,993 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Sykes Enterprises by 28.7% in the third quarter. Acadian Asset Management LLC now owns 462,412 shares of the information technology services provider’s stock worth $14,099,000 after purchasing an additional 103,182 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Sykes Enterprises by 14.3% in the second quarter. Renaissance Technologies LLC now owns 606,473 shares of the information technology services provider’s stock worth $17,454,000 after purchasing an additional 75,973 shares in the last quarter. Institutional investors and hedge funds own 87.93% of the company’s stock.

Shares of NASDAQ:SYKE opened at $27.09 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.74 and a quick ratio of 2.74. Sykes Enterprises, Incorporated has a 1 year low of $25.90 and a 1 year high of $32.15. The firm has a market capitalization of $1.15 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.65.

Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings results on Monday, November 5th. The information technology services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. Sykes Enterprises had a net margin of 0.91% and a return on equity of 10.08%. The company had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $404.79 million. During the same period in the prior year, the company earned $0.62 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Sykes Enterprises, Incorporated will post 2.11 EPS for the current year.

In other Sykes Enterprises news, VP James T. Holder sold 8,300 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $30.05, for a total transaction of $249,415.00. Following the completion of the sale, the vice president now directly owns 19,706 shares in the company, valued at $592,165.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on the stock. Barrington Research reiterated a “hold” rating on shares of Sykes Enterprises in a report on Tuesday, October 23rd. BidaskClub upgraded shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. TheStreet cut shares of Sykes Enterprises from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st. SunTrust Banks reiterated a “buy” rating and issued a $36.00 price objective on shares of Sykes Enterprises in a report on Friday, July 27th. Finally, ValuEngine cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.00.

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About Sykes Enterprises

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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