Analysts Offer Insights on Technology Companies: Sykes Enterprises Inc (NASDAQ: SYKE), Magic Software Enterprises Ltd (NASDAQ: MGIC) and Oracle Corp (NYSE: ORCL)

By Carrie Williams

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Sykes Enterprises Inc (NASDAQ: SYKE), Magic Software Enterprises Ltd (NASDAQ: MGIC) and Oracle Corp (NYSE: ORCL).

Sykes Enterprises Inc (NASDAQ: SYKE)

In a report released today, Vincent Colicchio from Barrington maintained a Hold rating on Sykes Enterprises Inc (NASDAQ: SYKE). The company’s shares opened today at $27.05, close to its 52-week low of $25.77.

Colicchio said:

“We believe the margin overage was due to the benefits of revenue upside and strong execution of management’s margin enhancement initiatives.”

According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.2% and a 55.8% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Convergys Corp, and Computer Task.

Sykes Enterprises Inc has an analyst consensus of Hold.

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Magic Software Enterprises Ltd (NASDAQ: MGIC)

In a report released today, Kevin Dede from H.C. Wainwright assigned a Buy rating to Magic Software Enterprises Ltd (NASDAQ: MGIC), with a price target of $10. The company’s shares opened today at $8.70.

According to TipRanks.com, Dede has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.9% and a 30.1% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and Resonant.

Magic Software Enterprises Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $10.

Oracle Corp (NYSE: ORCL)

In a report released today, Brian White from Monness assigned a Hold rating to Oracle Corp (NYSE: ORCL). The company’s shares opened today at $46.69.

According to TipRanks.com, White is a top 100 analyst with an average return of 17.0% and a 68.5% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.

Oracle Corp has an analyst consensus of Moderate Buy, with a price target consensus of $56.43.

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