Barrington Research reaffirmed their hold rating on shares of Sykes Enterprises (NASDAQ:SYKE) in a research report report published on Tuesday.

Other equities research analysts have also issued reports about the company. SunTrust Banks restated a buy rating and set a $36.00 price target on shares of Sykes Enterprises in a research report on Friday, July 27th. BidaskClub upgraded Sykes Enterprises from a hold rating to a buy rating in a research report on Tuesday, October 23rd. TheStreet lowered Sykes Enterprises from a b- rating to a c+ rating in a research report on Tuesday, August 21st. Finally, ValuEngine upgraded Sykes Enterprises from a sell rating to a hold rating in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $33.00.

Shares of SYKE traded up $0.29 during mid-day trading on Tuesday, reaching $28.55. The company had a trading volume of 166,790 shares, compared to its average volume of 150,442. Sykes Enterprises has a twelve month low of $25.90 and a twelve month high of $32.15. The company has a current ratio of 2.74, a quick ratio of 2.90 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.22 billion, a PE ratio of 14.28, a PEG ratio of 1.36 and a beta of 0.65.

Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings results on Monday, November 5th. The information technology services provider reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.03. The business had revenue of $399.30 million for the quarter, compared to analyst estimates of $404.79 million. Sykes Enterprises had a return on equity of 10.08% and a net margin of 0.91%. Sykes Enterprises’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. On average, sell-side analysts forecast that Sykes Enterprises will post 2.11 EPS for the current fiscal year.

In other Sykes Enterprises news, VP James T. Holder sold 8,300 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $30.05, for a total value of $249,415.00. Following the transaction, the vice president now directly owns 19,706 shares in the company, valued at approximately $592,165.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in SYKE. BlackRock Inc. boosted its position in Sykes Enterprises by 6.4% in the 2nd quarter. BlackRock Inc. now owns 5,484,321 shares of the information technology services provider’s stock valued at $157,841,000 after buying an additional 328,065 shares during the last quarter. TD Asset Management Inc. boosted its position in Sykes Enterprises by 622.9% in the 2nd quarter. TD Asset Management Inc. now owns 227,000 shares of the information technology services provider’s stock valued at $6,533,000 after buying an additional 195,600 shares during the last quarter. River Road Asset Management LLC boosted its position in Sykes Enterprises by 23.9% in the 3rd quarter. River Road Asset Management LLC now owns 673,392 shares of the information technology services provider’s stock valued at $20,532,000 after buying an additional 129,993 shares during the last quarter. Acadian Asset Management LLC boosted its position in Sykes Enterprises by 28.7% in the 3rd quarter. Acadian Asset Management LLC now owns 462,412 shares of the information technology services provider’s stock valued at $14,099,000 after buying an additional 103,182 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Sykes Enterprises by 14.3% in the 2nd quarter. Renaissance Technologies LLC now owns 606,473 shares of the information technology services provider’s stock valued at $17,454,000 after buying an additional 75,973 shares during the last quarter. Hedge funds and other institutional investors own 87.55% of the company’s stock.

About Sykes Enterprises

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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