Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) have been given an average recommendation of “Hold” by the seven analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $33.50.

Several research firms have issued reports on SYKE. ValuEngine lowered shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Sidoti decreased their price target on shares of Sykes Enterprises from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. TheStreet upgraded shares of Sykes Enterprises from a “c+” rating to a “b-” rating in a research report on Wednesday, July 24th. Finally, BidaskClub upgraded shares of Sykes Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 14th.

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in Sykes Enterprises by 68.4% during the 1st quarter. Versant Capital Management Inc now owns 1,135 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 461 shares in the last quarter. Meeder Asset Management Inc. grew its position in Sykes Enterprises by 3,276.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,452 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 1,409 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Sykes Enterprises during the 1st quarter worth approximately $51,000. Crossmark Global Holdings Inc. purchased a new position in Sykes Enterprises during the 1st quarter worth approximately $202,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Sykes Enterprises during the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Shares of NASDAQ SYKE traded up $0.47 during mid-day trading on Monday, reaching $29.01. 156,100 shares of the company traded hands, compared to its average volume of 154,201. Sykes Enterprises has a fifty-two week low of $22.67 and a fifty-two week high of $31.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market cap of $1.17 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.34 and a beta of 0.84. The stock has a fifty day simple moving average of $27.95 and a 200-day simple moving average of $27.77.

Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The firm had revenue of $389.00 million for 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%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, analysts predict that Sykes Enterprises will post 2.1 EPS for the current fiscal year.

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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