Syntel, Inc. (NASDAQ:SYNT) has earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm. Three investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $29.65.

SYNT has been the topic of a number of research analyst reports. Needham & Company LLC dropped their price objective on shares of Syntel from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, April 21st. Zacks Investment Research upgraded shares of Syntel from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 1st. Vetr lowered shares of Syntel from a “strong-buy” rating to a “buy” rating and set a $25.81 price objective on the stock. in a report on Thursday, February 16th. Cantor Fitzgerald restated a “hold” rating and set a $23.00 price objective on shares of Syntel in a report on Thursday, February 16th. Finally, Cowen and Company restated a “market perform” rating and set a $18.00 price objective (down from $20.00) on shares of Syntel in a report on Sunday, April 23rd.

TRADEMARK VIOLATION WARNING: This piece was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/05/22/syntel-inc-synt-receives-consensus-recommendation-of-hold-from-analysts.html.

Syntel (NASDAQ:SYNT) traded up 0.86% during trading on Monday, hitting $18.66. 183,389 shares of the stock traded hands. The company’s market capitalization is $1.56 billion. Syntel has a one year low of $15.82 and a one year high of $48.41. The company’s 50 day moving average is $17.56 and its 200 day moving average is $19.06.

Syntel (NASDAQ:SYNT) last issued its quarterly earnings data on Thursday, April 20th. The information technology services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Syntel had a negative net margin of 3.17% and a positive return on equity of 28.09%. The business had revenue of $225.87 million for the quarter. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue was down 6.4% on a year-over-year basis. On average, equities analysts forecast that Syntel will post $1.68 EPS for the current fiscal year.

In other Syntel news, insider Murlidhar Reddy bought 1,986 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was acquired at an average price of $17.83 per share, with a total value of $35,410.38. Following the completion of the transaction, the insider now owns 34,079 shares in the company, valued at $607,628.57. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Avinash Salelkar bought 1,484 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was acquired at an average cost of $17.14 per share, with a total value of $25,435.76. Following the transaction, the vice president now owns 15,825 shares of the company’s stock, valued at approximately $271,240.50. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 19,377 shares of company stock valued at $334,732. 61.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYNT. Pacer Advisors Inc. increased its position in Syntel by 14.7% in the third quarter. Pacer Advisors Inc. now owns 3,428 shares of the information technology services provider’s stock worth $144,000 after buying an additional 439 shares during the period. WFG Advisors LP increased its position in Syntel by 9,521.1% in the fourth quarter. WFG Advisors LP now owns 12,315 shares of the information technology services provider’s stock worth $151,000 after buying an additional 12,187 shares during the period. Eqis Capital Management Inc. increased its position in Syntel by 4.9% in the first quarter. Eqis Capital Management Inc. now owns 12,259 shares of the information technology services provider’s stock worth $206,000 after buying an additional 570 shares during the period. HPM Partners LLC acquired a new position in Syntel during the first quarter worth $219,000. Finally, SG Americas Securities LLC acquired a new position in Syntel during the third quarter worth $281,000. 34.30% of the stock is owned by institutional investors and hedge funds.

About Syntel

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.

12 Month Chart for NASDAQ:SYNT

Receive News & Ratings for Syntel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.