Significant Insider Selling at Three Companies; Insider Buying at Cenveo Inc. (CVO) and UMH Properties Inc. (UMH)

CEO of Provider of Inbound Consumer Engagement Services Discards Shares

The man at the helm of Sykes Enterprises Incorporated (NASDAQ:SYKE) offloaded a large block of shares this week. President and Chief Executive Officer Charles E. Sykes liquidated 50,000 shares through multiple transactions on Thursday at a weighted average price of $29.19 per share. After the recent string of transactions, Mr. Sykes currently holds a stake of 255,776 shares.

The provider of outsourced customer contact management solutions and services in the business process outsourcing arena has seen its market value drop by 4% since the start of the year. In April, Sykes Enterprises Incorporated (NASDAQ:SYKE) completed the $207.9 million-acquisition of Clear Link Holdings LLC, an acquisition aimed at expanding the company’s suite of service offerings, as well as expanding the addressable market opportunity. Clearlink is an inbound demand generation and sales conversion platform serving numerous Fortune 500 business-to-consumer and business-to-business clients. Jim Simons’ Renaissance Technologies LLC had approximately 671,000 shares of Sykes Enterprises Incorporated (NASDAQ:SYKE) among its holdings at the end of the April-to-June period.

Cluster of Insider Selling at Equifax

Three different executives at Equifax Inc. (NYSE:EFX) unloaded shares earlier this week, a cluster of insider selling that might catch the attention of the investment community. John T. Hartman, President of International at Equifax since November 2015, sold 9,909 shares on Wednesday at an average price of $131.78 per share, trimming his ownership to 13,427 shares. Paulino Do Rego Barros, President of U.S. Information Solutions, offloaded 5,205 shares on the same day for $132.00 each, cutting his entire stake to 10,786 shares. Last but not least, Rodolfo O. Ploder, President of Workforce Solutions, sold 100 shares for $131.99 each and 3,000 shares at $131.87 apiece on Monday. Following the two transactions, Mr. Ploder currently owns 43,936 shares.

The global provider of information solutions, employment and income verifications and human resources business process outsourcing services has seen its market value rise by 19% since early January. In late February, Equifax Inc. (NYSE:EFX) completed the acquisition of Veda for a cash consideration of $1.7 billion. The acquisition broadened the acquirer’s geographic footprint, as Veda operates primarily in Australia and New Zealand. Ken Fisher’s Fisher Asset Management owned around 192,000 shares of Equifax Inc. (NYSE:EFX) at the end of June.

Disclosure: None