Renaissance Technologies LLC Raises Stake in Sykes Enterprises, Incorporated (SYKE)

Renaissance Technologies LLC lifted its stake in shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 653,673 shares of the information technology services provider’s stock after acquiring an additional 32,100 shares during the period. Renaissance Technologies LLC owned approximately 1.57% of Sykes Enterprises, worth $21,918,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SYKE. Public Employees Retirement System of Ohio grew 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 purchasing an additional 177 shares in the last quarter. Riverhead Capital Management LLC grew its position in Sykes Enterprises, by 57.9% in the second quarter. Riverhead Capital Management LLC now owns 3,631 shares of the information technology services provider’s stock valued at $122,000 after purchasing an additional 1,331 shares in the last quarter. Sei Investments Co. grew 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 purchasing an additional 15 shares in the last quarter. Dubuque Bank & Trust Co. grew its position in Sykes Enterprises, by 26.0% in the second quarter. Dubuque Bank & Trust Co. now owns 6,006 shares of the information technology services provider’s stock valued at $201,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new position in Sykes Enterprises, in the second quarter valued at $218,000. 86.34% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Renaissance Technologies LLC Raises Stake in Sykes Enterprises, Incorporated (SYKE)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/11/renaissance-technologies-llc-raises-stake-in-sykes-enterprises-incorporated-syke.html.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at 29.89 on Wednesday. The company has a market cap of $1.25 billion, a P/E ratio of 18.80 and a beta of 0.84. The stock has a 50 day moving average of $27.56 and a 200-day moving average of $30.53. Sykes Enterprises, Incorporated has a 12 month low of $25.77 and a 12 month high of $34.49.

Sykes Enterprises, (NASDAQ:SYKE) last posted its earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $375.40 million during the quarter, compared to analyst estimates of $376.83 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts expect that Sykes Enterprises, Incorporated will post $1.80 EPS for the current year.

In related news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total transaction of $525,400.00. Following the completion of the transaction, the chief executive officer now owns 337,999 shares in the company, valued at $8,879,233.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on SYKE. Zacks Investment Research raised shares of Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, July 13th. Robert W. Baird decreased their price objective on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a res

A number of other institutional investors have also added to or reduced their stakes in SYKE. Public Employees Retirement System of Ohio grew 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 purchasing an additional 177 shares in the last quarter. Riverhead Capital Management LLC grew its position in Sykes Enterprises, by 57.9% in the second quarter. Riverhead Capital Management LLC now owns 3,631 shares of the information technology services provider’s stock valued at $122,000 after purchasing an additional 1,331 shares in the last quarter. Sei Investments Co. grew 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 purchasing an additional 15 shares in the last quarter. Dubuque Bank & Trust Co. grew its position in Sykes Enterprises, by 26.0% in the second quarter. Dubuque Bank & Trust Co. now owns 6,006 shares of the information technology services provider’s stock valued at $201,000 after purchasing an additional 1,241 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new position in Sykes Enterprises, in the second quarter valued at $218,000. 86.34% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Renaissance Technologies LLC Raises Stake in Sykes Enterprises, Incorporated (SYKE)” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/11/renaissance-technologies-llc-raises-stake-in-sykes-enterprises-incorporated-syke.html.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) opened at 29.89 on Wednesday. The company has a market cap of $1.25 billion, a P/E ratio of 18.80 and a beta of 0.84. The stock has a 50 day moving average of $27.56 and a 200-day moving average of $30.53. Sykes Enterprises, Incorporated has a 12 month low of $25.77 and a 12 month high of $34.49.

Sykes Enterprises, (NASDAQ:SYKE) last posted its earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $375.40 million during the quarter, compared to analyst estimates of $376.83 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts expect that Sykes Enterprises, Incorporated will post $1.80 EPS for the current year.

In related news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total transaction of $525,400.00. Following the completion of the transaction, the chief executive officer now owns 337,999 shares in the company, valued at $8,879,233.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on SYKE. Zacks Investment Research raised shares of Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, July 13th. Robert W. Baird decreased their price objective on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $34.00 price objective on shares of Sykes Enterprises, in a research report on Monday.

About Sykes Enterprises,

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.

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

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