Sykes Enterprises Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sykes Enterprises in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Sykes Enterprises stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SYKE, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Sykes Enterprises a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Sykes Enterprises wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Sykes Enterprises saw a decrease in short interest in the month of August. As of August 13th, there was short interest totaling 3,020,000 shares, a decrease of 12.5% from the July 29th total of 3,450,000 shares. Based on an average daily trading volume, of 477,900 shares, the days-to-cover ratio is currently 6.3 days. Approximately 7.9% of the shares of the company are short sold.
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Sykes Enterprises is scheduled to release its next quarterly earnings announcement on Wednesday, November 3rd 2021.
View our earnings forecast for Sykes Enterprises.

Sykes Enterprises, Incorporated (NASDAQ:SYKE) issued its quarterly earnings results on Monday, August, 9th. The information technology services provider reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.15. The information technology services provider had revenue of $448.89 million for the quarter, compared to analysts' expectations of $445.39 million. Sykes Enterprises had a trailing twelve-month return on equity of 13.41% and a net margin of 3.83%.
View Sykes Enterprises' earnings history.

Sykes Enterprises' stock was trading at $28.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SYKE stock has increased by 89.1% and is now trading at $54.00.
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3 Wall Street analysts have issued twelve-month price objectives for Sykes Enterprises' shares. Their forecasts range from $50.00 to $54.00. On average, they anticipate Sykes Enterprises' share price to reach $52.67 in the next twelve months. This suggests that the stock has a possible downside of 2.5%.
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1,617 employees have rated Sykes Enterprises CEO Chuck Sykes on Glassdoor.com. Chuck Sykes has an approval rating of 75% among Sykes Enterprises' employees.

Some companies that are related to Sykes Enterprises include Visa (V), Mastercard (MA), Automatic Data Processing (ADP), Fidelity National Information Services (FIS), Fiserv (FISV), Global Payments (GPN), Paychex (PAYX), FLEETCOR Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), Genpact (G), The Western Union (WU), WEX (WEX), Euronet Worldwide (EEFT) and Maximus (MMS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sykes Enterprises investors own include salesforce.com (CRM), Vertex Pharmaceuticals (VRTX), QUALCOMM (QCOM), Alibaba Group (BABA), Bank of America (BAC), NVIDIA (NVDA), SYNNEX (SNX), Square (SQ), Verizon Communications (VZ) and Applied Materials (AMAT).

Sykes Enterprises trades on the NASDAQ under the ticker symbol "SYKE."

Sykes Enterprises' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.97%), Vanguard Group Inc. (10.80%), Dimensional Fund Advisors LP (7.72%), Magnetar Financial LLC (5.91%), Victory Capital Management Inc. (4.61%) and LSV Asset Management (4.08%). Company insiders that own Sykes Enterprises stock include Charles E Sykes, David Pearson, James T Holder, John Chapman, Lawrence Zingale, W Mark Watson and William J Meurer.
View institutional ownership trends for Sykes Enterprises.

SYKE stock was sold by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Wells Fargo & Company MN, Victory Capital Management Inc., Goldman Sachs Group Inc., Bank of America Corp DE, Smith Graham & Co. Investment Advisors LP, BlackRock Inc., and Russell Investments Group Ltd.. Company insiders that have sold Sykes Enterprises company stock in the last year include Charles E Sykes, David Pearson, James T Holder, John Chapman, Lawrence Zingale, and William J Meurer.
View insider buying and selling activity for Sykes Enterprises or view top insider-selling stocks.

SYKE stock was purchased by a variety of institutional investors in the last quarter, including Magnetar Financial LLC, Versor Investments LP, Morgan Stanley, Morgan Stanley, Water Island Capital LLC, Millennium Management LLC, Glazer Capital LLC, and JPMorgan Chase & Co..
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Shares of SYKE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SYKE stock can currently be purchased for approximately $54.00.

Sykes Enterprises has a market capitalization of $2.15 billion and generates $1.71 billion in revenue each year. The information technology services provider earns $56.43 million in net income (profit) each year or $2.70 on an earnings per share basis.

Sykes Enterprises employs 61,100 workers across the globe.

Sykes Enterprises was founded in 1977.

The official website for Sykes Enterprises is www.sykes.com.

Sykes Enterprises is headquartered at 400 NORTH ASHLEY DRIVE SUITE 2800, TAMPA FL, 33602.

Sykes Enterprises' mailing address is 400 NORTH ASHLEY DRIVE SUITE 2800, TAMPA FL, 33602. The information technology services provider can be reached via phone at (813) 274-1000 or via email at [email protected].