News headlines about Syntel (NASDAQ:SYNT) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Syntel earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 45.7931846831541 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several analysts recently issued reports on SYNT shares. Wells Fargo cut Syntel from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $24.16 to $21.00 in a research note on Friday, December 29th. JPMorgan Chase & Co. cut Syntel from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Maxim Group reissued a “hold” rating on shares of Syntel in a research note on Thursday, February 15th. Needham & Company LLC cut Syntel from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. 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 note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $23.00.
Shares of Syntel stock opened at $26.89 on Thursday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of -25.89. The firm has a market capitalization of $2,221.81, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. Syntel has a 12-month low of $15.82 and a 12-month high of $27.72.
Syntel (NASDAQ:SYNT) last posted its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 218.07% and a net margin of 18.00%. The business’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. equities research analysts anticipate that Syntel will post 1.86 earnings per share for the current year.
In other news, insider Daniel M. Moore sold 2,000 shares of Syntel stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $26.69, for a total transaction of $53,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Prashant Ranade sold 50,000 shares of Syntel stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $27.18, for a total transaction of $1,359,000.00. Following the transaction, the chairman now owns 257,933 shares of the company’s stock, valued at $7,010,618.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,800 shares of company stock worth $1,460,368. Insiders own 61.10% 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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