Barrington Initiates a Hold Rating on Sykes Enterprises (SYKE)

By Jason Carr

Sykes Enterprises (SYKEResearch Report) received a Hold rating from Barrington analyst Vincent Colicchio today. The company’s shares closed last Friday at $33.28.

According to TipRanks.com, Colicchio is a 4-star analyst with an average return of 7.8% and a 50.3% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Insight Enterprises, and HealthStream.

Sykes Enterprises has an analyst consensus of Moderate Buy, with a price target consensus of $40.33.

See today’s analyst top recommended stocks >>

Sykes Enterprises’ market cap is currently $1.33B and has a P/E ratio of 17.70. The company has a Price to Book ratio of 3.27.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SYKE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sykes Enterprises, Inc. engages in the provision of multichannel demand generation and global customer engagement services. It operates through the following segments: Americas, Europe, the Middle East and Africa (EMEA), and Other. The Americas segment includes the United States, Canada, Latin America, Australia, and the Asia Pacific Rim; and offers outsourced customer engagement solutions and technical staffing. The EMEA segment covers outsourced customer engagement solutions and fulfillment services. The Other segment represents other items such as corporate and other costs, other income and expense, and income taxes. The company was founded by John H. Sykes in 1977 and is headquartered in Tampa, FL.