Sykes Enterprises (NASDAQ:SYKE) insider David Pearson sold 5,000 shares of Sykes Enterprises stock in a transaction on Friday, March 16th. The shares were sold at an average price of $31.25, for a total transaction of $156,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ SYKE opened at $28.38 on Monday. Sykes Enterprises has a 12-month low of $25.77 and a 12-month high of $34.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.58 and a quick ratio of 3.58. The firm has a market capitalization of $1,217.47, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.83.
Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. Sykes Enterprises had a net margin of 2.03% and a return on equity of 10.80%. The business had revenue of $419.25 million during the quarter, compared to the consensus estimate of $410.02 million. During the same quarter last year, the firm posted $0.52 EPS. Sykes Enterprises’s revenue was up 7.7% compared to the same quarter last year. sell-side analysts expect that Sykes Enterprises will post 2 earnings per share for the current year.
SYKE has been the subject of several research analyst reports. ValuEngine upgraded shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub upgraded shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Zacks Investment Research lowered shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Barrington Research reiterated a “hold” rating on shares of Sykes Enterprises in a research note on Sunday, March 11th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of SYKE. BlackRock Inc. grew its position in Sykes Enterprises by 3.0% in the 4th quarter. BlackRock Inc. now owns 5,096,687 shares of the information technology services provider’s stock valued at $160,292,000 after purchasing an additional 149,701 shares during the period. Assenagon Asset Management S.A. purchased a new position in Sykes Enterprises during the 4th quarter worth $4,076,000. Arrowstreet Capital Limited Partnership boosted its holdings in Sykes Enterprises by 534.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 137,628 shares of the information technology services provider’s stock worth $4,328,000 after acquiring an additional 115,928 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Sykes Enterprises by 73.2% during the 4th quarter. Acadian Asset Management LLC now owns 226,769 shares of the information technology services provider’s stock worth $7,131,000 after acquiring an additional 95,855 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Sykes Enterprises by 89.2% during the 3rd quarter. Citadel Advisors LLC now owns 181,783 shares of the information technology services provider’s stock worth $5,301,000 after acquiring an additional 85,705 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.
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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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