Sykes Enterprises, Incorporated (NASDAQ:SYKE) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.61 and last traded at $26.02, with a volume of 3841 shares changing hands. The stock had previously closed at $26.28.
Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Barrington Research restated a “hold” rating on shares of Sykes Enterprises in a research note on Friday, October 5th. TheStreet downgraded shares of Sykes Enterprises from a “b-” rating to a “c+” rating in a research note on Tuesday, August 21st. Finally, ValuEngine upgraded shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Sykes Enterprises has a consensus rating of “Hold” and an average price target of $33.00.
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 cap of $1.12 billion, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55.
In other news, VP James T. Holder sold 2,500 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $27.31, for a total value of $68,275.00. Following the sale, the vice president now owns 17,206 shares in the company, valued at approximately $469,895.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Pillar Pacific Capital Management LLC acquired a new stake in shares of Sykes Enterprises in the 3rd quarter valued at $203,000. Robeco Institutional Asset Management B.V. acquired a new position in Sykes Enterprises during the 2nd quarter worth about $124,000. BlackRock Inc. lifted its position in Sykes Enterprises by 6.4% during the 2nd quarter. BlackRock Inc. now owns 5,484,321 shares of the information technology services provider’s stock worth $157,841,000 after buying an additional 328,065 shares in the last quarter. Laurion Capital Management LP acquired a new position in Sykes Enterprises during the 2nd quarter worth about $266,000. Finally, Bank of Montreal Can lifted its position in Sykes Enterprises by 27.3% during the 3rd quarter. Bank of Montreal Can now owns 94,340 shares of the information technology services provider’s stock worth $2,876,000 after buying an additional 20,214 shares in the last quarter. Institutional investors own 88.01% of the company’s stock.
About Sykes Enterprises (NASDAQ:SYKE)
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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