Sykes Enterprises, Incorporated (NASDAQ:SYKE) Given Average Recommendation of “Hold” by Analysts

Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $33.50.

SYKE has been the subject of several analyst reports. ValuEngine raised shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. TheStreet upgraded Sykes Enterprises from a “c+” rating to a “b-” rating in a research note on Wednesday, July 24th. BidaskClub upgraded Sykes Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, Sidoti reduced their target price on Sykes Enterprises from $39.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, July 31st.

Sykes Enterprises stock traded up $0.75 during mid-day trading on Friday, reaching $30.91. The stock had a trading volume of 89,471 shares, compared to its average volume of 153,804. Sykes Enterprises has a one year low of $22.67 and a one year high of $31.47. The company has a 50-day moving average price of $28.69 and a two-hundred day moving average price of $27.77. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.42 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.28 and a quick ratio of 2.28.

Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. The business had revenue of $389.00 million during the quarter, compared to analyst estimates of $395.88 million. Sykes Enterprises had a net margin of 3.35% and a return on equity of 10.36%. Sykes Enterprises’s revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities research analysts anticipate that Sykes Enterprises will post 2.1 earnings per share for the current fiscal year.

In other Sykes Enterprises news, insider David Pearson sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $29.05, for a total transaction of $145,250.00. Following the transaction, the insider now owns 57,457 shares in the company, valued at approximately $1,669,125.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Quantamental Technologies LLC bought a new position in shares of Sykes Enterprises during the 1st quarter valued at $51,000. Crossmark Global Holdings Inc. purchased a new stake in Sykes Enterprises during the first quarter valued at $202,000. Campbell & CO Investment Adviser LLC purchased a new stake in Sykes Enterprises during the second quarter valued at $203,000. Everence Capital Management Inc. bought a new position in Sykes Enterprises in the first quarter valued at about $226,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Sykes Enterprises by 160.7% in the first quarter. BNP Paribas Arbitrage SA now owns 9,171 shares of the information technology services provider’s stock valued at $259,000 after acquiring an additional 5,653 shares during the period. 89.86% of the stock is owned by institutional investors and hedge funds.

Sykes Enterprises Company Profile

Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and global customer engagement services. Its customer care services include handling billing inquiries and claims, activating customer accounts, resolving complaints, cross-selling/up-selling, and prequalifying and warranty management, as well as providing health information and dispatching roadside assistance.

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