Shares of Syntel, Inc. (NASDAQ:SYNT) have received an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $23.10.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Syntel from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, August 18th. TheStreet upgraded shares of Syntel from a “d+” rating to a “c” rating in a research report on Tuesday, October 17th. SunTrust Banks reiterated a “hold” rating and set a $20.00 price target on shares of Syntel in a research report on Tuesday, October 17th. Cowen reiterated a “hold” rating and set a $18.00 price target on shares of Syntel in a research report on Tuesday, August 22nd. Finally, Loop Capital reiterated a “buy” rating and set a $28.00 price target on shares of Syntel in a research report on Wednesday, October 18th. They noted that the move was a valuation call.
Shares of Syntel (NASDAQ:SYNT) remained flat at $$25.40 during trading hours on Friday. 283,400 shares of the stock were exchanged, compared to its average volume of 519,928. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $2,104.49, a price-to-earnings ratio of 12.83, a P/E/G ratio of 1.36 and a beta of 1.12. Syntel has a 52-week low of $15.82 and a 52-week high of $25.81.
Syntel (NASDAQ:SYNT) last announced its quarterly earnings data on Tuesday, October 17th. The information technology services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.17. The firm had revenue of $231.34 million during the quarter. Syntel had a net margin of 18.64% and a negative return on equity of 137.94%. Syntel’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. analysts anticipate that Syntel will post 1.87 EPS for the current year.
In related news, insider Daniel M. Moore sold 1,080 shares of Syntel stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $24.19, for a total transaction of $26,125.20. Following the completion of the transaction, the insider now directly owns 22,963 shares in the company, valued at approximately $555,474.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 4,736 shares of company stock valued at $118,425 over the last 90 days. Insiders own 61.10% of the company’s stock.
Several institutional investors have recently modified their holdings of SYNT. Rhumbline Advisers grew its stake in Syntel by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 43,880 shares of the information technology services provider’s stock worth $744,000 after acquiring an additional 553 shares during the period. The Manufacturers Life Insurance Company grew its stake in Syntel by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,574 shares of the information technology services provider’s stock worth $468,000 after acquiring an additional 683 shares during the period. Legal & General Group Plc grew its stake in Syntel by 8.0% in the 2nd quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock worth $202,000 after acquiring an additional 881 shares during the period. BRYN MAWR TRUST Co grew its stake in Syntel by 0.9% in the 2nd quarter. BRYN MAWR TRUST Co now owns 110,661 shares of the information technology services provider’s stock worth $1,877,000 after acquiring an additional 987 shares during the period. Finally, Voya Investment Management LLC grew its stake in Syntel by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock worth $272,000 after acquiring an additional 2,054 shares during the period. Hedge funds and other institutional investors own 36.61% of the company’s stock.
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Syntel, Inc (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom.
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