Syntel, Inc. (NASDAQ:SYNT) – Investment analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for shares of Syntel in a research report issued on Friday. SunTrust Banks analyst F. Atkins expects that the information technology services provider will post earnings per share of $0.45 for the quarter. SunTrust Banks also issued estimates for Syntel’s Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.51 EPS and Q4 2019 earnings at $0.51 EPS.
Several other equities research analysts have also weighed in on SYNT. ValuEngine upgraded Syntel from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. JPMorgan Chase & Co. downgraded Syntel from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. BidaskClub downgraded Syntel from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Zacks Investment Research downgraded Syntel from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Needham & Company LLC downgraded Syntel from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.00.
Syntel (SYNT) traded up $0.19 during mid-day trading on Monday, hitting $27.06. The stock had a trading volume of 639,900 shares, compared to its average volume of 473,428. Syntel has a 52 week low of $15.82 and a 52 week high of $27.59. The company has a market cap of $2,226.28, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.45 and a beta of 1.01. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07.
Syntel (NASDAQ:SYNT) last released its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.23. Syntel had a negative return on equity of 170.67% and a net margin of 18.00%. The company had revenue of $239.81 million for the quarter. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SYNT. Wells Fargo & Company MN increased its position in shares of Syntel by 62.3% in the 2nd quarter. Wells Fargo & Company MN now owns 73,565 shares of the information technology services provider’s stock valued at $1,248,000 after buying an additional 28,247 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in Syntel during the 2nd quarter worth about $181,000. Northern Trust Corp increased its holdings in Syntel by 4.5% during the 2nd quarter. Northern Trust Corp now owns 454,886 shares of the information technology services provider’s stock worth $7,715,000 after purchasing an additional 19,636 shares in the last quarter. Vanguard Group Inc. increased its holdings in Syntel by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,723,937 shares of the information technology services provider’s stock worth $46,198,000 after purchasing an additional 130,471 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Syntel by 47.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 40,495 shares of the information technology services provider’s stock worth $687,000 after purchasing an additional 12,992 shares in the last quarter. Institutional investors and hedge funds own 40.63% 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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