Employees Retirement System of Texas Has $1,878,000 Position in Sykes Enterprises, Incorporated (SYKE)

Employees Retirement System of Texas continued to hold its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 56,000 shares of the information technology services provider’s stock at the close of the second quarter. Employees Retirement System of Texas owned 0.13% of Sykes Enterprises, worth $1,878,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Sykes Enterprises, by 26.7% in the first quarter. Bank of America Corp DE now owns 382,430 shares of the information technology services provider’s stock valued at $11,243,000 after purchasing an additional 80,498 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Sykes Enterprises, by 44.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,639 shares of the information technology services provider’s stock valued at $524,000 after purchasing an additional 4,807 shares during the period. BlackRock Inc. boosted its stake in shares of Sykes Enterprises, by 48,788.9% in the first quarter. BlackRock Inc. now owns 4,860,043 shares of the information technology services provider’s stock valued at $142,885,000 after purchasing an additional 4,850,102 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Sykes Enterprises, by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 257,505 shares of the information technology services provider’s stock valued at $7,571,000 after purchasing an additional 14,385 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Sykes Enterprises, by 1.1% in the first quarter. Principal Financial Group Inc. now owns 618,302 shares of the information technology services provider’s stock valued at $18,178,000 after purchasing an additional 6,644 shares during the period. Institutional investors and hedge funds own 86.34% of the company’s stock.

Sykes Enterprises, (NASDAQ:SYKE) last released its quarterly earnings results on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $376.83 million. During the same quarter last year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year.

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In other news, CEO Charles E. Sykes sold 20,000 shares of Sykes Enterprises, stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total value of $525,400.00. Following the transaction, the chief executive officer now owns 337,999 shares of the company’s stock, valued at $8,879,233.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Sykes Enterprises, from a “strong sell” rating to a “hold” rating and set a $33.00 target price for the company in a research note on Wednesday. SunTrust Banks, Inc. restated a “buy” rating and issued a $34.00 target price on shares of Sykes Enterprises, in a research note on Monday. Finally, Robert W. Baird restated a “hold” rating and issued a $29.00 target price on shares of Sykes Enterprises, in a research note on Sunday, September 17th.

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.

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

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