Shares of Sykes Enterprises Inc. (NASDAQ:SYKE) have earned an average rating of “Hold” from the six analysts that are covering the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Several brokerages have commented on SYKE. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Sykes Enterprises in a report on Sunday, September 4th. Zacks Investment Research lowered Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th.

In related news, Director William J. Meurer sold 10,116 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $30.35, for a total value of $307,020.60. Following the completion of the sale, the director now directly owns 60,398 shares of the company’s stock, valued at approximately $1,833,079.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP James T. Holder sold 3,300 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $30.54, for a total value of $100,782.00. Following the completion of the sale, the vice president now directly owns 19,945 shares of the company’s stock, valued at $609,120.30. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Sykes Enterprises by 193.2% in the first quarter. BlackRock Inc. now owns 3,747 shares of the company’s stock worth $113,000 after buying an additional 2,469 shares during the last quarter. PineBridge Investments L.P. raised its stake in shares of Sykes Enterprises by 3.4% in the second quarter. PineBridge Investments L.P. now owns 4,918 shares of the company’s stock worth $142,000 after buying an additional 161 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Sykes Enterprises by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,374 shares of the company’s stock worth $156,000 after buying an additional 650 shares during the last quarter. Paradigm Asset Management Co. LLC raised its stake in shares of Sykes Enterprises by 11.8% in the second quarter. Paradigm Asset Management Co. LLC now owns 5,700 shares of the company’s stock worth $165,000 after buying an additional 600 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in shares of Sykes Enterprises during the second quarter worth approximately $220,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Shares of Sykes Enterprises (NASDAQ:SYKE) traded up 0.25% on Wednesday, reaching $28.09. The company had a trading volume of 27,222 shares. The stock has a 50-day moving average price of $29.54 and a 200-day moving average price of $29.59. The stock has a market cap of $1.18 billion, a PE ratio of 18.71 and a beta of 0.69. Sykes Enterprises has a 12 month low of $24.91 and a 12 month high of $33.00.

Sykes Enterprises (NASDAQ:SYKE) last announced its earnings results on Monday, August 1st. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $364.40 million for the quarter, compared to the consensus estimate of $336.85 million. Sykes Enterprises had a return on equity of 11.36% and a net margin of 4.71%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Analysts predict that Sykes Enterprises will post $1.84 earnings per share for the current fiscal year.

Sykes Enterprises Company Profile

Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing arena. The Company provides an array of customer contact management solutions to a range of clients in communications, financial services, technology or consumer, transportation and leisure, healthcare and other industry verticals.

5 Day Chart for NASDAQ:SYKE

Receive News & Ratings for Sykes Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sykes Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.