ValuEngine upgraded shares of Sykes Enterprises (NASDAQ:SYKE) from a hold rating to a buy rating in a research report sent to investors on Friday.
A number of other brokerages have also recently commented on SYKE. Zacks Investment Research cut Sykes Enterprises from a buy rating to a hold rating in a research report on Wednesday, January 10th. SunTrust Banks reaffirmed a buy rating and set a $34.00 price target on shares of Sykes Enterprises in a research report on Monday, October 9th. BidaskClub cut Sykes Enterprises from a buy rating to a hold rating in a research report on Saturday, December 2nd. Finally, Robert W. Baird reaffirmed a hold rating and set a $29.00 price target on shares of Sykes Enterprises in a research report on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Sykes Enterprises presently has a consensus rating of Hold and a consensus price target of $32.00.
Sykes Enterprises (SYKE) opened at $28.99 on Friday. Sykes Enterprises has a one year low of $25.77 and a one year high of $34.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.29 and a current ratio of 3.29. The firm has a market capitalization of $1,304.08, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.51 and a beta of 0.82.
A number of institutional investors and hedge funds have recently modified their holdings of SYKE. Riverhead Capital Management LLC lifted its holdings in shares of Sykes Enterprises by 57.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,631 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 1,331 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Sykes Enterprises by 7.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,039 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 280 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Sykes Enterprises in the 3rd quarter valued at about $124,000. C M Bidwell & Associates Ltd. lifted its holdings in shares of Sykes Enterprises by 72.6% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 6,335 shares of the information technology services provider’s stock valued at $212,000 after buying an additional 2,665 shares during the period. Finally, Suntrust Banks Inc. acquired a new position in shares of Sykes Enterprises in the 2nd quarter valued at about $218,000. 85.86% of the stock is owned by institutional investors.
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Sykes Enterprises Company Profile
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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