Syntel, Inc. (NASDAQ:SYNT) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $21.50.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Syntel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 21st. William Blair reissued a “market perform” rating on shares of Syntel in a research report on Thursday, February 15th. Maxim Group reissued a “hold” rating on shares of Syntel in a research report on Thursday, February 15th. Barrington Research reissued a “hold” rating on shares of Syntel in a research report on Monday, February 26th. Finally, ValuEngine lowered shares of Syntel from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.
In other news, VP Rahul B. Aggarwal sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $26.66, for a total transaction of $47,988.00. Following the transaction, the vice president now directly owns 10,430 shares of the company’s stock, valued at $278,063.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel M. Moore sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $26.69, for a total transaction of $53,380.00. 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. Corporate insiders own 61.10% of the company’s stock.
Several large investors have recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Syntel by 2.1% during the fourth quarter. Teachers Advisors LLC now owns 173,139 shares of the information technology services provider’s stock worth $3,980,000 after acquiring an additional 3,566 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Syntel by 1,208.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,679 shares of the information technology services provider’s stock worth $130,000 after acquiring an additional 5,245 shares during the period. SG Americas Securities LLC purchased a new position in shares of Syntel during the fourth quarter worth approximately $144,000. Geode Capital Management LLC increased its position in shares of Syntel by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 382,510 shares of the information technology services provider’s stock worth $8,793,000 after acquiring an additional 6,959 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Syntel by 0.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,618,996 shares of the information technology services provider’s stock valued at $37,221,000 after purchasing an additional 7,557 shares in the last quarter. 40.41% of the stock is currently owned by institutional investors and hedge funds.
Syntel stock traded up $0.13 during midday trading on Thursday, reaching $25.75. The stock had a trading volume of 110,112 shares, compared to its average volume of 443,129. The company has a debt-to-equity ratio of -25.89, a current ratio of 2.17 and a quick ratio of 2.17. Syntel has a 52-week low of $15.82 and a 52-week high of $27.72. The firm has a market capitalization of $2,097.36, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.81 and a beta of 0.74.
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, topping the Zacks’ consensus estimate of $0.39 by $0.23. Syntel had a net margin of 18.00% and a negative return on equity of 218.07%. The company had revenue of $239.81 million for the quarter. During the same period last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. research analysts anticipate that Syntel will post 1.86 earnings per share for the current fiscal year.
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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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