Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $31.00.

SYKE has been the topic of a number of analyst reports. Zacks Investment Research cut Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. BidaskClub cut Sykes Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 15th. Finally, SunTrust Banks cut Sykes Enterprises from a “buy” rating to a “hold” rating and dropped their target price for the company from $33.00 to $31.00 in a research report on Friday, April 12th.

Shares of NASDAQ:SYKE traded up $0.06 during trading on Wednesday, reaching $25.72. 342,729 shares of the company’s stock traded hands, compared to its average volume of 152,515. Sykes Enterprises has a fifty-two week low of $22.67 and a fifty-two week high of $31.41. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.06 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.17 and a beta of 0.82.

Sykes Enterprises (NASDAQ:SYKE) last posted its earnings results on Monday, May 6th. The information technology services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Sykes Enterprises had a return on equity of 10.53% and a net margin of 3.08%. The firm had revenue of $402.93 million for the quarter, compared to analysts’ expectations of $404.73 million. During the same period last year, the firm earned $0.43 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts expect that Sykes Enterprises will post 2.15 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in shares of Sykes Enterprises by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 544,020 shares of the information technology services provider’s stock worth $16,587,000 after purchasing an additional 27,637 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Sykes Enterprises by 15.2% during the third quarter. Teachers Advisors LLC now owns 147,521 shares of the information technology services provider’s stock worth $4,498,000 after purchasing an additional 19,434 shares during the last quarter. Morgan Stanley grew its holdings in shares of Sykes Enterprises by 3.0% during the third quarter. Morgan Stanley now owns 266,871 shares of the information technology services provider’s stock worth $8,137,000 after purchasing an additional 7,700 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Sykes Enterprises by 24.7% during the fourth quarter. Bank of Montreal Can now owns 117,662 shares of the information technology services provider’s stock worth $2,910,000 after purchasing an additional 23,322 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sykes Enterprises by 41.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,990 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 874 shares during the last quarter. 88.63% of the stock is currently owned by hedge funds and other institutional investors.

About Sykes Enterprises

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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