Sykes Enterprises Inc. (SYKE) Sees Unusually-High Trading Volume
Sykes Enterprises Inc. (NASDAQ:SYKE) shares saw unusually-high trading volume on Wednesday . Approximately 204,924 shares changed hands during trading, an increase of 36% from the previous session’s volume of 150,557 shares.The stock last traded at $29.56 and had previously closed at $29.40.
SYKE has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Robert W. Baird reaffirmed a “hold” rating on shares of Sykes Enterprises in a research note on Monday, May 16th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.50.
The company has a market capitalization of $1.24 billion and a P/E ratio of 19.64. The company’s 50 day moving average price is $30.41 and its 200 day moving average price is $29.63.
Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The company earned $364.40 million during the quarter, compared to the consensus estimate of $336.85 million. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. Equities analysts predict that Sykes Enterprises Inc. will post $1.84 earnings per share for the current year.
In other Sykes Enterprises news, Director William J. Meurer sold 10,116 shares of Sykes Enterprises 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 transaction, the director now owns 60,398 shares in the company, valued at $1,833,079.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul L. Whiting sold 13,700 shares of Sykes Enterprises stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $29.61, for a total value of $405,657.00. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Sykes Enterprises stock. New York State Common Retirement Fund raised its position in shares of Sykes Enterprises Inc. (NASDAQ:SYKE) by 158.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 92,025 shares of the company’s stock after buying an additional 56,425 shares during the period. New York State Common Retirement Fund owned about 0.22% of Sykes Enterprises worth $2,833,000 at the end of the most recent reporting period.
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.
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