Shares of Syntel, Inc. (NASDAQ:SYNT) have earned a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.12.
Several research firms recently weighed in on SYNT. JPMorgan Chase & Co. lowered Syntel from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered Syntel from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Needham & Company LLC lowered 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. Robert W. Baird reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Syntel in a research note on Thursday, December 21st. Finally, BidaskClub lowered Syntel from a “buy” rating to a “hold” rating in a research note on Friday, December 15th.
In other news, insider Daniel M. Moore sold 1,080 shares of Syntel stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $24.19, for a total transaction of $26,125.20. Following the sale, the insider now directly owns 22,963 shares of the company’s stock, valued at $555,474.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 3,944 shares of company stock worth $99,584 over the last three months. Insiders own 61.10% of the company’s stock.
Syntel (NASDAQ SYNT) traded up $0.07 during trading hours on Friday, reaching $23.61. The company had a trading volume of 462,696 shares, compared to its average volume of 365,103. The firm has a market capitalization of $1,950.38, a price-to-earnings ratio of 11.52, a PEG ratio of 1.29 and a beta of 1.11. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel has a fifty-two week low of $15.82 and a fifty-two week high of $26.33.
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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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