Sykes Enterprises (SYKE) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Sykes Enterprises (NASDAQ:SYKE) from a sell rating to a hold rating in a research note issued to investors on Monday, February 4th.

SYKE has been the subject of a number of other reports. Barrington Research restated a hold rating on shares of Sykes Enterprises in a research note on Tuesday, October 23rd. BidaskClub upgraded shares of Sykes Enterprises from a hold rating to a buy rating in a research note on Tuesday, October 23rd. Finally, Zacks Investment Research downgraded shares of Sykes Enterprises from a hold rating to a sell rating in a research note on Saturday, January 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Sykes Enterprises has a consensus rating of Hold and an average price target of $33.00.

NASDAQ SYKE traded up $0.44 on Monday, reaching $30.03. The company had a trading volume of 193,359 shares, compared to its average volume of 175,129. The firm has a market cap of $1.33 billion, a PE ratio of 14.87, a PEG ratio of 1.38 and a beta of 0.71. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.10. Sykes Enterprises has a 1-year low of $22.67 and a 1-year high of $31.54.

Sykes Enterprises (NASDAQ:SYKE) last announced its earnings results on Monday, February 25th. The information technology services provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.08). Sykes Enterprises had a return on equity of 10.08% and a net margin of 0.91%. The company had revenue of $415.20 million during the quarter, compared to analyst estimates of $417.35 million. During the same period in the previous year, the company posted $0.47 earnings per share. Sykes Enterprises’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts forecast that Sykes Enterprises will post 2.21 EPS for the current year.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Sykes Enterprises by 41.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,990 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 874 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Sykes Enterprises in the 4th quarter valued at about $106,000. Pillar Pacific Capital Management LLC bought a new position in Sykes Enterprises in the 3rd quarter valued at about $203,000. Mackay Shields LLC bought a new position in Sykes Enterprises in the 4th quarter valued at about $222,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in Sykes Enterprises in the 3rd quarter valued at about $303,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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