ValuEngine downgraded shares of Sykes Enterprises (NASDAQ:SYKE) from a hold rating to a sell rating in a report published on Wednesday morning.
A number of other brokerages also recently commented on SYKE. BidaskClub upgraded Sykes Enterprises from a hold rating to a buy rating in a research report on Tuesday, September 18th. Barrington Research reiterated a hold rating on shares of Sykes Enterprises in a research report on Tuesday, October 30th. TheStreet downgraded Sykes Enterprises from a b- rating to a c+ rating in a research report on Tuesday, August 21st. Finally, SunTrust Banks reiterated a buy rating and set a $36.00 price objective on shares of Sykes Enterprises in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $33.00.
Shares of NASDAQ:SYKE opened at $27.09 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.15 billion, a PE ratio of 14.04, a PEG ratio of 1.27 and a beta of 0.65. Sykes Enterprises has a 1 year low of $25.90 and a 1 year high of $32.15.
In related news, VP James T. Holder sold 8,300 shares of Sykes Enterprises stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $30.05, for a total transaction of $249,415.00. Following the transaction, the vice president now owns 19,706 shares in the company, valued at $592,165.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.
A number of large investors have recently bought and sold shares of SYKE. BlackRock Inc. raised its position in Sykes Enterprises by 6.4% in the second quarter. BlackRock Inc. now owns 5,484,321 shares of the information technology services provider’s stock valued at $157,841,000 after purchasing an additional 328,065 shares during the period. Matarin Capital Management LLC purchased a new stake in Sykes Enterprises in the third quarter valued at $6,211,000. TD Asset Management Inc. raised its position in Sykes Enterprises by 622.9% in the second quarter. TD Asset Management Inc. now owns 227,000 shares of the information technology services provider’s stock valued at $6,533,000 after purchasing an additional 195,600 shares during the period. River Road Asset Management LLC raised its position in Sykes Enterprises by 23.9% in the third quarter. River Road Asset Management LLC now owns 673,392 shares of the information technology services provider’s stock valued at $20,532,000 after purchasing an additional 129,993 shares during the period. Finally, Acadian Asset Management LLC raised its position in Sykes Enterprises by 28.7% in the third quarter. Acadian Asset Management LLC now owns 462,412 shares of the information technology services provider’s stock valued at $14,099,000 after purchasing an additional 103,182 shares during the period. Institutional investors own 87.93% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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