Smith Graham Investment Advisors Lp buys $6,909,590 stake in Sykes Enterprises Incorporated (SYKE)

Sykes Enterprises Incorporated (SYKE) : Smith Graham Investment Advisors Lp scooped up 7,270 additional shares in Sykes Enterprises Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 250,984 shares of Sykes Enterprises Incorporated which is valued at $6,909,590.Sykes Enterprises Incorporated makes up approximately 0.89% of Smith Graham Investment Advisors Lp’s portfolio.

Other Hedge Funds, Including , Howe Rusling Inc sold out all of its stake in SYKE during the most recent quarter. The investment firm sold 82 shares of SYKE which is valued $2,257. Highland Capital Management sold out all of its stake in SYKE during the most recent quarter. The investment firm sold 9,841 shares of SYKE which is valued $268,167.Legal General Group Plc boosted its stake in SYKE in the latest quarter, The investment management firm added 27,234 additional shares and now holds a total of 36,707 shares of Sykes Enterprises Incorporated which is valued at $985,216.Cutler Group Lp reduced its stake in SYKE by selling 123 shares or 35.55% in the most recent quarter. The Hedge Fund company now holds 223 shares of SYKE which is valued at $6,066.

Sykes Enterprises Incorporated opened for trading at $27.36 and hit $28.1 on the upside on Friday, eventually ending the session at $27.53, with a gain of 1.03% or 0.28 points. The heightened volatility saw the trading volume jump to 2,78,458 shares. Company has a market cap of $1,185 M.

On the company’s financial health, Sykes Enterprises Incorporated reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.32. The company had revenue of $364.40 million for the quarter, compared to analysts expectations of $336.85 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Sykes Enterprises Incorporated (Sykes) 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 primarily in the communications financial services technology/consumer leisure healthcare and other industry verticals. It serves its clients through two geographic operating regions: the Americas (United States Canada Latin America Australia and the Asia Pacific Rim) and EMEA (Europe the Middle East and Africa). Its Americas and EMEA groups provide customer contact management services (with an emphasis on inbound technical support and customer service) which include customer assistance healthcare and roadside assistance technical support and product sales to its clients customers. These services are delivered through multiple communication channels including phone e-mail social media text messaging and chat.

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