Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.50 and last traded at $31.41, with a volume of 982 shares changing hands. The stock had previously closed at $31.22.

Several equities analysts recently issued reports on SYKE shares. Sidoti dropped their target price on shares of Sykes Enterprises from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. ValuEngine raised shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. TheStreet raised shares of Sykes Enterprises from a “c+” rating to a “b-” rating in a report on Wednesday, July 24th. Finally, BidaskClub raised shares of Sykes Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.50.

The firm has a market capitalization of $1.25 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $28.69 and its two-hundred day simple moving average is $27.77.

Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Sykes Enterprises had a net margin of 3.35% and a return on equity of 10.36%. The firm had revenue of $389.00 million during the quarter, compared to analyst estimates of $395.88 million. During the same period in the previous year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts predict that Sykes Enterprises, Incorporated will post 2.1 EPS for the current fiscal year.

In other Sykes Enterprises news, insider David Pearson sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $29.05, for a total transaction of $145,250.00. Following the transaction, the insider now owns 57,457 shares in the company, valued at $1,669,125.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Sykes Enterprises during the first quarter valued at about $202,000. Campbell & CO Investment Adviser LLC purchased a new position in Sykes Enterprises in the 2nd quarter valued at $203,000. Everence Capital Management Inc. purchased a new position in Sykes Enterprises in the 1st quarter valued at $226,000. DekaBank Deutsche Girozentrale purchased a new position in Sykes Enterprises in the 1st quarter valued at $264,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Sykes Enterprises by 160.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,171 shares of the information technology services provider’s stock valued at $259,000 after purchasing an additional 5,653 shares in the last quarter. Hedge funds and other institutional investors own 89.86% of the company’s stock.

Sykes Enterprises Company Profile (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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