Sykes Enterprises (SYKE) Receives Hold Rating from Barrington Research
Barrington Research reaffirmed their hold rating on shares of Sykes Enterprises (NASDAQ:SYKE) in a research report sent to investors on Sunday. Barrington Research also issued estimates for Sykes Enterprises’ FY2018 earnings at $2.01 EPS.
A number of other research firms also recently commented on SYKE. ValuEngine upgraded Sykes Enterprises from a hold rating to a buy rating in a research report on Friday, February 2nd. BidaskClub downgraded Sykes Enterprises from a buy rating to a hold rating in a research report on Saturday, December 2nd. Finally, Zacks Investment Research downgraded Sykes Enterprises from a buy rating to a hold rating in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $32.00.
Shares of Sykes Enterprises (SYKE) opened at $31.01 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.58 and a quick ratio of 3.58. The company has a market capitalization of $1,316.99, a PE ratio of 40.27, a P/E/G ratio of 1.53 and a beta of 0.86. Sykes Enterprises has a 52-week low of $25.77 and a 52-week high of $34.49.
A number of hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in Sykes Enterprises during the fourth quarter valued at approximately $586,000. Gotham Asset Management LLC purchased a new stake in Sykes Enterprises during the fourth quarter valued at approximately $462,000. Macquarie Group Ltd. raised its position in Sykes Enterprises by 48.8% during the fourth quarter. Macquarie Group Ltd. now owns 6,346 shares of the information technology services provider’s stock valued at $200,000 after purchasing an additional 2,080 shares during the period. PEAK6 Investments L.P. purchased a new stake in Sykes Enterprises during the fourth quarter valued at approximately $229,000. Finally, Millennium Management LLC purchased a new stake in Sykes Enterprises during the fourth quarter valued at approximately $2,461,000. Institutional investors and hedge funds own 88.77% of the company’s stock.
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.
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