William Blair reiterated their market perform rating on shares of Syntel (NASDAQ:SYNT) in a research note published on Thursday.
SYNT has been the subject of several other reports. Needham & Company LLC cut Syntel from a buy rating to a hold rating in a research report on Thursday, December 21st. They noted that the move was a valuation call. BidaskClub cut Syntel from a sell rating to a strong sell rating in a research report on Tuesday, January 23rd. ValuEngine cut Syntel from a buy rating to a hold rating in a research report on Friday, February 2nd. Loop Capital restated a buy rating and set a $28.00 target price on shares of Syntel in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Syntel from a buy rating to a hold rating in a research report on Wednesday, December 20th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $23.00.
Syntel (NASDAQ:SYNT) opened at $26.87 on Thursday. Syntel has a 52-week low of $15.82 and a 52-week high of $27.16. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $2,330.00, a PE ratio of 12.80, a P/E/G ratio of 1.41 and a beta of 1.01.
Syntel (NASDAQ:SYNT) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $239.81 million during the quarter, compared to analysts’ expectations of $214.67 million. During the same period in the previous year, the business earned $0.57 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. equities research analysts predict that Syntel will post 1.82 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Syntel by 1,208.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,679 shares of the information technology services provider’s stock worth $130,000 after purchasing an additional 5,245 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Syntel in the 4th quarter worth about $144,000. Group One Trading L.P. boosted its holdings in shares of Syntel by 52.2% in the 3rd quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock worth $143,000 after purchasing an additional 2,498 shares in the last quarter. Comerica Bank purchased a new position in shares of Syntel in the 4th quarter worth about $213,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Syntel in the 4th quarter worth about $221,000. Hedge funds and other institutional investors own 36.62% of the company’s stock.
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Syntel Company Profile
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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