What Did This CEO Just Do with Personal Shares of Sykes Enterprises Inc. (NASDAQ: SYKE)?

By George MacDonald

Today, the CEO & President of Sykes Enterprises Inc. (NASDAQ: SYKE), Charles Sykes, sold shares of SYKE for $1.46M.

In addition to Charles Sykes, 14 other SYKE executives reported Sell trades in the last month.

Based on Sykes Enterprises Inc.`s latest earnings report from June 30, the company posted quarterly revenue of $364.4M and quarterly net profit of $9.14M. In comparison, last year the company earned revenue of $307.5M and had a net profit of $12.91M. The company has a one year high of $33 and a one year low of $24.91. SYKE’s market cap is $1.25B and the company has a P/E ratio of 19.36.

Looking at blogger coverage of SYKE, there is a 100% Bullish tendency on the stock, in relation to a 77% average bullish tendency within the Technology sector.

In the last 30 days, insiders have sold $2.27M worth of SYKE shares and purchased $223.6K worth of SYKE shares. Over the last 3 months, the insider sentiment on Sykes Enterprises Inc. has been negative based on 86 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Sykes Enterprises, Inc. engages in the provision of outsourced customer contact management solutions and services. Its services include customer assistance, healthcare and roadside assistance, enterprise support services, technical support and product corporate help desk services. The company was founded by John H. Sykes in 1977 and is headquartered in Tampa, FL.