Sykes Enterprises, Incorporated (NASDAQ:SYKE) Insider Sells $145,250.00 in Stock

Sykes Enterprises, Incorporated (NASDAQ:SYKE) insider David Pearson sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $29.05, for a total transaction of $145,250.00. Following the completion of the sale, the insider now directly owns 57,457 shares in the company, valued at $1,669,125.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

SYKE stock traded down $0.29 during mid-day trading on Thursday, reaching $28.90. The company had a trading volume of 385 shares, compared to its average volume of 170,817. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market capitalization of $1.21 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.38 and a beta of 0.84. The firm has a 50 day moving average of $28.01 and a 200 day moving average of $27.78. Sykes Enterprises, Incorporated has a 12 month low of $22.67 and a 12 month high of $31.47.

Sykes Enterprises (NASDAQ:SYKE) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. The business had revenue of $389.00 million for the quarter, compared to the consensus estimate of $395.88 million. Sykes Enterprises had a net margin of 3.35% and a return on equity of 10.36%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Analysts anticipate that Sykes Enterprises, Incorporated will post 2.1 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Versant Capital Management Inc grew its stake in 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 worth $32,000 after acquiring an additional 461 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Sykes Enterprises by 3,276.7% during the first quarter. Meeder Asset Management Inc. now owns 1,452 shares of the information technology services provider’s stock valued at $41,000 after purchasing an additional 1,409 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Sykes Enterprises during the first quarter valued at approximately $51,000. Crossmark Global Holdings Inc. bought a new position in shares of Sykes Enterprises during the first quarter valued at approximately $202,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Sykes Enterprises during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

A number of research firms recently weighed in on SYKE. Sidoti reduced their price objective on shares of Sykes Enterprises from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. ValuEngine raised shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of Sykes Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, TheStreet upgraded shares of Sykes Enterprises from a “c+” rating to a “b-” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.50.

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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