Sykes Enterprises, Incorporated (SYKE) Stock Rating Reaffirmed by Robert W. Baird

Sykes Enterprises, Incorporated (NASDAQ:SYKE)‘s stock had its “hold” rating reaffirmed by analysts at Robert W. Baird in a research report issued on Sunday. They currently have a $29.00 price target on the information technology services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 6.93% from the company’s previous close.

Separately, Zacks Investment Research lowered shares of Sykes Enterprises, from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 12th.

Sykes Enterprises, (SYKE) opened at 27.12 on Friday. Sykes Enterprises, has a 12 month low of $25.77 and a 12 month high of $34.49. The company has a market cap of $1.14 billion, a PE ratio of 17.06 and a beta of 0.82. The company has a 50-day moving average of $27.74 and a 200 day moving average of $30.48.

Sykes Enterprises, (NASDAQ:SYKE) last posted its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Sykes Enterprises, had a net margin of 4.36% and a return on equity of 11.21%. The business had revenue of $375.40 million for the quarter, compared to analyst estimates of $376.83 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Sykes Enterprises,’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that Sykes Enterprises, will post $1.80 earnings per share for the current fiscal year.

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In related news, CEO Charles E. Sykes sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total transaction of $525,400.00. Following the sale, the chief executive officer now owns 337,999 shares of the company’s stock, valued at $8,879,233.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.70% of the company’s stock.

A number of large investors have recently bought and sold shares of SYKE. BlackRock Inc. lifted its stake in shares of Sykes Enterprises, by 48,788.9% in the first quarter. BlackRock Inc. now owns 4,860,043 shares of the information technology services provider’s stock worth $142,885,000 after buying an additional 4,850,102 shares in the last quarter. LSV Asset Management lifted its stake in shares of Sykes Enterprises, by 62.1% in the second quarter. LSV Asset Management now owns 1,289,775 shares of the information technology services provider’s stock worth $43,246,000 after buying an additional 494,155 shares in the last quarter. Tributary Capital Management LLC bought a new position in shares of Sykes Enterprises, in the first quarter worth approximately $9,182,000. Dimensional Fund Advisors LP lifted its stake in shares of Sykes Enterprises, by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,604,490 shares of the information technology services provider’s stock worth $105,971,000 after buying an additional 188,586 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Sykes Enterprises, by 5.5% in the first quarter. Victory Capital Management Inc. now owns 1,955,030 shares of the information technology services provider’s stock worth $57,478,000 after buying an additional 101,670 shares in the last quarter. 86.35% of the stock is currently owned by institutional investors and hedge funds.

Sykes Enterprises, Company Profile

Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena on a global basis. The Company has operations in two segments: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.

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