Syntel, Inc. (NASDAQ:SYNT) – William Blair issued their Q1 2019 EPS estimates for shares of Syntel in a research note issued on Thursday. William Blair analyst M. Nolan expects that the information technology services provider will earn $0.44 per share for the quarter. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Syntel’s Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $1.93 EPS.
Other research analysts have also issued reports about the company. ValuEngine raised Syntel from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Robert W. Baird reissued a “hold” rating and set a $24.00 target price on shares of Syntel in a report on Thursday, December 21st. Needham & Company LLC lowered 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. Zacks Investment Research lowered Syntel from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, BidaskClub lowered Syntel from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Syntel has a consensus rating of “Hold” and an average price target of $23.00.
Syntel (NASDAQ SYNT) traded up $1.16 during mid-day trading on Monday, hitting $26.87. The company had a trading volume of 972,100 shares, compared to its average volume of 468,870. 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 firm has a market cap of $2,226.28, a price-to-earnings ratio of 13.50, a PEG ratio of 1.45 and a beta of 1.01. Syntel has a 1-year low of $15.82 and a 1-year high of $27.59.
Syntel (NASDAQ:SYNT) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. The business had revenue of $239.81 million for the quarter. Syntel had a negative return on equity of 170.67% and a net margin of 18.00%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its holdings 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 valued at $468,000 after buying an additional 683 shares in the last quarter. State Street Corp grew its holdings in Syntel by 6.6% in the 2nd quarter. State Street Corp now owns 660,670 shares of the information technology services provider’s stock valued at $11,207,000 after buying an additional 40,952 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Syntel by 166.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 67,423 shares of the information technology services provider’s stock valued at $1,143,000 after buying an additional 42,160 shares in the last quarter. Shell Asset Management Co. acquired a new position in Syntel in the 3rd quarter valued at $2,459,000. Finally, Chicago Equity Partners LLC acquired a new position in Syntel in the 4th quarter valued at $1,903,000. 40.63% of the stock is currently owned by hedge funds and other institutional investors.
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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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