Sykes Enterprises (SYKE) Raised to Buy at ValuEngine
ValuEngine upgraded shares of Sykes Enterprises (NASDAQ:SYKE) from a hold rating to a buy rating in a research note issued to investors on Friday.
SYKE has been the topic of a number of other reports. Robert W. Baird restated a hold rating and issued a $29.00 price objective on shares of Sykes Enterprises in a report on Sunday, October 22nd. BidaskClub downgraded Sykes Enterprises from a hold rating to a sell rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded Sykes Enterprises from a strong sell rating to a hold rating and set a $33.00 price objective on the stock in a report on Wednesday, October 11th. Finally, SunTrust Banks restated a buy rating and issued a $34.00 price objective on shares of Sykes Enterprises in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Sykes Enterprises presently has an average rating of Hold and an average price target of $32.00.
Sykes Enterprises (NASDAQ SYKE) opened at $30.40 on Friday. The company has a market capitalization of $1,304.10, a PE ratio of 18.88, a PEG ratio of 1.51 and a beta of 0.82. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.33. Sykes Enterprises has a twelve month low of $25.77 and a twelve month high of $34.49.
Several hedge funds have recently bought and sold shares of SYKE. Assenagon Asset Management S.A. acquired a new stake in shares of Sykes Enterprises in the fourth quarter valued at about $4,076,000. Acadian Asset Management LLC grew its stake in shares of Sykes Enterprises by 73.2% in the fourth quarter. Acadian Asset Management LLC now owns 226,769 shares of the information technology services provider’s stock valued at $7,131,000 after buying an additional 95,855 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Sykes Enterprises by 89.2% in the third quarter. Citadel Advisors LLC now owns 181,783 shares of the information technology services provider’s stock valued at $5,301,000 after buying an additional 85,705 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Sykes Enterprises by 18.3% in the third quarter. Wedge Capital Management L L P NC now owns 543,065 shares of the information technology services provider’s stock valued at $15,836,000 after buying an additional 83,897 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Sykes Enterprises by 7.7% in the third quarter. Wells Fargo & Company MN now owns 1,164,032 shares of the information technology services provider’s stock valued at $33,942,000 after buying an additional 83,219 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.
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About Sykes Enterprises
Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena on a global basis. The Company has operations in two segments: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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