Shares of Syntel, Inc. (NASDAQ:SYNT) have received an average rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.10.
Several analysts have recently issued reports on SYNT shares. Zacks Investment Research lowered shares of Syntel from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Cowen reissued a “hold” rating and issued a $18.00 price target on shares of Syntel in a research report on Tuesday, August 22nd. ValuEngine raised shares of Syntel from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. SunTrust Banks reissued a “hold” rating and issued a $20.00 price target on shares of Syntel in a research report on Tuesday, October 17th. Finally, Robert W. Baird reissued a “hold” rating and issued a $20.00 price target on shares of Syntel in a research report on Wednesday, October 4th.
Shares of Syntel (SYNT) traded up $0.19 during mid-day trading on Friday, reaching $25.87. 229,640 shares of the company’s stock traded hands, compared to its average volume of 517,978. The company has a market capitalization of $2,127.69, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel has a twelve month low of $15.82 and a twelve month high of $25.90.
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, topping the consensus estimate of $0.41 by $0.17. The business had revenue of $231.34 million for the quarter. Syntel had a net margin of 18.64% and a negative return on equity of 137.94%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. analysts expect that Syntel will post 1.87 earnings per share for the current year.
In other news, insider Daniel M. Moore sold 1,080 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total value of $26,125.20. Following the sale, the insider now owns 22,963 shares of the company’s stock, valued at $555,474.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 4,736 shares of company stock worth $118,425. Insiders own 61.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. 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 acquiring an additional 130,471 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Syntel by 0.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,611,439 shares of the information technology services provider’s stock worth $31,665,000 after acquiring an additional 7,695 shares during the period. Dimensional Fund Advisors LP increased its holdings in Syntel by 19.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,103,778 shares of the information technology services provider’s stock worth $21,689,000 after acquiring an additional 180,347 shares during the period. Freestone Capital Holdings LLC increased its holdings in Syntel by 6.7% during the 2nd quarter. Freestone Capital Holdings LLC now owns 735,111 shares of the information technology services provider’s stock worth $12,467,000 after acquiring an additional 46,174 shares during the period. Finally, State Street Corp increased its holdings in Syntel by 6.6% during the 2nd quarter. State Street Corp now owns 660,670 shares of the information technology services provider’s stock worth $11,207,000 after acquiring an additional 40,952 shares during the period. 36.61% of the stock is currently owned by institutional investors and hedge funds.
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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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