Sykes Enterprises, Incorporated (NASDAQ:SYKE) issued its quarterly earnings data on Monday. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05, Bloomberg Earnings reports. The business had revenue of $375.40 million for the quarter, compared to the consensus estimate of $376.83 million. Sykes Enterprises, had a net margin of 4.41% and a return on equity of 11.39%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 EPS.

Sykes Enterprises, (SYKE) traded down 19.5929% during mid-day trading on Tuesday, hitting $26.8801. 541,929 shares of the stock were exchanged. Sykes Enterprises, has a 52-week low of $25.77 and a 52-week high of $34.49. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 16.8106 and a beta of 0.75. The stock has a 50 day moving average of $33.74 and a 200-day moving average of $30.73.

In related news, Director Paul L. Whiting sold 14,164 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $32.75, for a total transaction of $463,871.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jenna Nelson sold 3,672 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $33.99, for a total value of $124,811.28. Following the transaction, the insider now directly owns 14,520 shares in the company, valued at approximately $493,534.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,336 shares of company stock worth $671,182. 2.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of SYKE. Sei Investments Co. raised its position in Sykes Enterprises, by 0.3% in the second quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock valued at $181,000 after buying an additional 15 shares during the last quarter. State of Alaska Department of Revenue raised its position in Sykes Enterprises, by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 4,360 shares of the information technology services provider’s stock valued at $128,000 after buying an additional 70 shares during the last quarter. Public Employees Retirement System of Ohio raised its position 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 last quarter. Louisiana State Employees Retirement System raised its position in Sykes Enterprises, by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the information technology services provider’s stock valued at $473,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Sykes Enterprises, by 1.0% in the first quarter. Arizona State Retirement System now owns 20,523 shares of the information technology services provider’s stock valued at $603,000 after buying an additional 200 shares during the last quarter. 86.94% of the stock is currently owned by hedge funds and other institutional investors.

SYKE has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Sykes Enterprises, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Robert W. Baird reduced their target price on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday.

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Sykes Enterprises, Company Profile

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.

Earnings History for Sykes Enterprises, (NASDAQ:SYKE)

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