Shares of Syntel, Inc. (NASDAQ:SYNT) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $31.00.

A number of research analysts have recently issued reports on SYNT shares. Zacks Investment Research downgraded shares of Syntel from a “buy” rating to a “hold” rating in a research report on Saturday, June 23rd. BidaskClub downgraded shares of Syntel from a “buy” rating to a “hold” rating in a research report on Friday. Barrington Research reiterated a “hold” rating on shares of Syntel in a research report on Monday, July 23rd. Wells Fargo & Co downgraded shares of Syntel from a “market perform” rating to an “underperform” rating in a research report on Thursday, June 28th. Finally, TheStreet upgraded shares of Syntel from a “c+” rating to a “b-” rating in a research report on Wednesday, May 23rd.

SYNT stock traded up $0.01 during mid-day trading on Friday, hitting $40.92. 38,379 shares of the company were exchanged, compared to its average volume of 553,779. The company has a debt-to-equity ratio of 3.70, a current ratio of 1.96 and a quick ratio of 1.96. Syntel has a twelve month low of $17.97 and a twelve month high of $41.05. The firm has a market cap of $3.40 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.07 and a beta of 0.80.

Syntel (NASDAQ:SYNT) last posted its quarterly earnings results on Thursday, July 26th. The information technology services provider reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. Syntel had a net margin of 18.42% and a return on equity of 3,237.31%. The company had revenue of $249.70 million for the quarter. During the same quarter in the previous year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. sell-side analysts expect that Syntel will post 1.97 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in SYNT. Meeder Asset Management Inc. raised its position in shares of Syntel by 265.2% during the 1st quarter. Meeder Asset Management Inc. now owns 5,807 shares of the information technology services provider’s stock worth $148,000 after buying an additional 4,217 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Syntel during the 1st quarter worth about $174,000. Trexquant Investment LP bought a new stake in shares of Syntel during the 1st quarter worth about $229,000. Teacher Retirement System of Texas acquired a new position in shares of Syntel in the 2nd quarter worth approximately $243,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Syntel in the 1st quarter worth approximately $248,000. Institutional investors own 40.78% of the company’s stock.

About Syntel

Syntel, Inc provides digital transformation, information technology (IT), and knowledge process outsourcing (KPO) services worldwide. The company operates through Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics, and Telecom segments. It provides end-to-end, integrated application, and infrastructure management services; develops software applications; and offers legacy modernization services, such as software analysis, language conversion, reverse engineering, database migration, code optimization, cloud onboarding and migration, ecosystem migration, testing, and management.

Further Reading: Earnings Per Share

Analyst Recommendations for Syntel (NASDAQ:SYNT)

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