Great West Life Assurance Co. Can Acquires 4,236 Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE)

Great West Life Assurance Co. Can raised its holdings in Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 8.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,603 shares of the information technology services provider’s stock after purchasing an additional 4,236 shares during the period. Great West Life Assurance Co. Can owned 0.13% of Sykes Enterprises worth $1,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SYKE. Alambic Investment Management L.P. boosted its stake in Sykes Enterprises by 87.5% during the 4th quarter. Alambic Investment Management L.P. now owns 60,811 shares of the information technology services provider’s stock valued at $1,504,000 after acquiring an additional 28,386 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Sykes Enterprises by 11.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,261 shares of the information technology services provider’s stock valued at $328,000 after acquiring an additional 1,318 shares during the last quarter. Martingale Asset Management L P lifted its position in shares of Sykes Enterprises by 19.1% in the 4th quarter. Martingale Asset Management L P now owns 218,843 shares of the information technology services provider’s stock worth $5,413,000 after buying an additional 35,101 shares during the last quarter. Raymond James & Associates lifted its position in shares of Sykes Enterprises by 4.7% in the 4th quarter. Raymond James & Associates now owns 113,186 shares of the information technology services provider’s stock worth $2,799,000 after buying an additional 5,107 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in shares of Sykes Enterprises by 3.9% in the 4th quarter. Texas Permanent School Fund now owns 26,036 shares of the information technology services provider’s stock worth $644,000 after buying an additional 979 shares during the last quarter. 90.63% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on SYKE shares. ValuEngine downgraded shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. SunTrust Banks downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating and cut their price objective for the company from $33.00 to $31.00 in a research report on Friday, April 12th. BidaskClub upgraded shares of Sykes Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 5th. Finally, Zacks Investment Research downgraded shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Sykes Enterprises currently has a consensus rating of “Hold” and an average target price of $30.50.

In related news, insider Jenna Nelson sold 12,800 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by corporate insiders.

SYKE stock traded down $0.19 during trading hours on Friday, hitting $27.62. The company’s stock had a trading volume of 120,543 shares, compared to its average volume of 118,965. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 1.25 and a beta of 0.78. Sykes Enterprises, Incorporated has a 12 month low of $22.67 and a 12 month high of $31.41.

Sykes Enterprises (NASDAQ:SYKE) last posted its earnings results on Monday, February 25th. The information technology services provider reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.09). The business had revenue of $415.20 million during the quarter, compared to the consensus estimate of $417.35 million. Sykes Enterprises had a return on equity of 10.52% and a net margin of 3.01%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, research analysts expect that Sykes Enterprises, Incorporated will post 2.21 EPS for the current fiscal year.

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

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