Sykes Enterprises, Incorporated (NASDAQ:SYKE) – Stock analysts at SunTrust Banks raised their Q3 2017 EPS estimates for shares of Sykes Enterprises, in a research report issued on Monday. SunTrust Banks analyst F. Atkins now expects that the information technology services provider will post earnings per share of $0.45 for the quarter, up from their previous estimate of $0.43. SunTrust Banks has a “Buy” rating and a $34.00 price objective on the stock. SunTrust Banks also issued estimates for Sykes Enterprises,’s FY2017 earnings at $1.82 EPS, Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.50 EPS and FY2018 earnings at $2.00 EPS.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Sykes Enterprises, from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 12th. Robert W. Baird dropped their target price on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th.

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Sykes Enterprises, (NASDAQ:SYKE) opened at 29.89 on Wednesday. Sykes Enterprises, has a one year low of $25.77 and a one year high of $34.49. The company has a market capitalization of $1.25 billion, a P/E ratio of 18.80 and a beta of 0.84. The firm has a 50-day moving average of $27.56 and a 200 day moving average of $30.53.

Sykes Enterprises, (NASDAQ:SYKE) last announced its quarterly earnings results on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $375.40 million during the quarter, compared to the consensus estimate of $376.83 million. During the same period last year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year.

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its position in shares of Sykes Enterprises, by 4.9% during the first quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock worth $111,000 after acquiring an additional 177 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Sykes Enterprises, by 57.9% during the second quarter. Riverhead Capital Management LLC now owns 3,631 shares of the information technology services provider’s stock worth $122,000 after acquiring an additional 1,331 shares during the last quarter. Sei Investments Co. boosted its position in shares of Sykes Enterprises, by 0.3% during the second quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock worth $181,000 after acquiring an additional 15 shares during the last quarter. Dubuque Bank & Trust Co. boosted its position in shares of Sykes Enterprises, by 26.0% during the second quarter. Dubuque Bank & Trust Co. now owns 6,006 shares of the information technology services provider’s stock worth $201,000 after acquiring an additional 1,241 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. boosted its position in shares of Sykes Enterprises, by 72.6% during the second quarter. C M Bidwell & Associates Ltd. now owns 6,335 shares of the information technology services provider’s stock worth $212,000 after acquiring an additional 2,665 shares during the last quarter. Hedge funds and other institutional investors own 86.34% of the company’s stock.

In related news, CEO Charles E. Sykes sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total transaction of $525,400.00. Following the completion of the transaction, the chief executive officer now owns 337,999 shares in the company, valued at $8,879,233.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

About Sykes Enterprises,

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.

Earnings History and Estimates for Sykes Enterprises, (NASDAQ:SYKE)

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