Separately, SunTrust Banks reissued a buy rating on shares of Netflix in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $31.00.
Shares of NASDAQ SYKE opened at $28.02 on Wednesday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 13.87, a PEG ratio of 1.31 and a beta of 0.85. Sykes Enterprises has a 12 month low of $22.67 and a 12 month high of $31.41. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $26.82.
Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, May 6th. The information technology services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $402.93 million during the quarter, compared to the consensus estimate of $404.73 million. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, analysts expect that Sykes Enterprises will post 2.15 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SYKE. Norges Bank acquired a new stake in shares of Sykes Enterprises in the fourth quarter worth approximately $22,939,000. BlackRock Inc. lifted its position in Sykes Enterprises by 3.6% during the fourth quarter. BlackRock Inc. now owns 5,902,460 shares of the information technology services provider’s stock valued at $145,968,000 after buying an additional 206,480 shares in the last quarter. Victory Capital Management Inc. lifted its position in Sykes Enterprises by 9.8% during the first quarter. Victory Capital Management Inc. now owns 1,906,423 shares of the information technology services provider’s stock valued at $53,914,000 after buying an additional 170,805 shares in the last quarter. Intrepid Capital Management Inc. lifted its position in Sykes Enterprises by 105.7% during the first quarter. Intrepid Capital Management Inc. now owns 231,628 shares of the information technology services provider’s stock valued at $6,550,000 after buying an additional 119,035 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its position in Sykes Enterprises by 14.7% during the first quarter. Tributary Capital Management LLC now owns 623,692 shares of the information technology services provider’s stock valued at $17,638,000 after buying an additional 79,989 shares in the last quarter. 88.62% of the stock is currently owned by institutional investors and hedge funds.
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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