Sykes Enterprises, Incorporated (SYKE) CFO John Chapman Sold 6,200 Shares

Sykes Enterprises, Incorporated (SYKE) CFO John Chapman Sold 6,200 Shares

Sykes Enterprises, Incorporated (NASDAQ:SYKE) CFO John Chapman sold 6,200 shares of the business’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $28.52, for a total transaction of $176,824.00. Following the transaction, the chief financial officer now owns 17,468 shares of the company’s stock, valued at $498,187.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) traded down 1.18% on Tuesday, reaching $28.54. 190,791 shares of the company were exchanged. The stock has a 50-day moving average price of $28.30 and a 200 day moving average price of $28.20. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 19.28 and a beta of 0.71. Sykes Enterprises, Incorporated has a 52 week low of $25.77 and a 52 week high of $31.37.

Sykes Enterprises, (NASDAQ:SYKE) last announced its quarterly earnings data on Monday, February 27th. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Sykes Enterprises, had a net margin of 4.57% and a return on equity of 11.19%. The company had revenue of $389.15 million for the quarter, compared to the consensus estimate of $392.08 million. During the same period in the prior year, the firm posted $0.55 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts forecast that Sykes Enterprises, Incorporated will post $2.00 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its stake in shares of Sykes Enterprises, by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,610 shares of the company’s stock worth $326,000 after buying an additional 140 shares in the last quarter. Isthmus Partners LLC increased its stake in shares of Sykes Enterprises, by 0.6% in the third quarter. Isthmus Partners LLC now owns 26,379 shares of the company’s stock worth $718,000 after buying an additional 162 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Sykes Enterprises, by 2.0% in the third quarter. Arizona State Retirement System now owns 20,523 shares of the company’s stock worth $577,000 after buying an additional 400 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Sykes Enterprises, by 1.7% in the third quarter. Texas Permanent School Fund now owns 30,167 shares of the company’s stock worth $849,000 after buying an additional 517 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Sykes Enterprises, by 5.3% in the third quarter. BlackRock Inc. now owns 10,771 shares of the company’s stock worth $303,000 after buying an additional 538 shares in the last quarter. 85.06% of the stock is currently owned by institutional investors.

SYKE has been the subject of a number of research reports. Sidoti initiated coverage on shares of Sykes Enterprises, in a research report on Tuesday, January 17th. They set a “buy” rating and a $38.00 target price for the company. Zacks Investment Research upgraded shares of Sykes Enterprises, from a “sell” rating to a “hold” rating in a research report on Saturday, December 10th.

Sykes Enterprises, Company Profile

Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing arena. The Company provides an array of customer contact management solutions to a range of clients in communications, financial services, technology or consumer, transportation and leisure, healthcare and other industry verticals.

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