Syntel (SYNT) Given Daily Media Sentiment Rating of 0.28

News stories about Syntel (NASDAQ:SYNT) have trended positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Syntel earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 45.6976323606953 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern’s scoring:

Syntel (SYNT) traded up $0.59 during trading on Thursday, reaching $24.86. 559,254 shares of the company’s stock were exchanged, compared to its average volume of 529,395. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel has a 52 week low of $15.82 and a 52 week high of $25.80. The firm has a market cap of $2,077.98, a P/E ratio of 12.67, a PEG ratio of 1.34 and a beta of 1.09.

Syntel (NASDAQ:SYNT) last released its earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.17. Syntel had a net margin of 18.64% and a negative return on equity of 137.94%. The company had revenue of $231.34 million for the quarter. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. research analysts expect that Syntel will post 1.87 earnings per share for the current fiscal year.

Syntel announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 20th that permits the company to repurchase $60.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts have recently weighed in on the stock. William Blair raised shares of Syntel from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 17th. Zacks Investment Research raised shares of Syntel from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, July 25th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $20.00 target price on shares of Syntel in a report on Tuesday, October 17th. Maxim Group reaffirmed a “hold” rating on shares of Syntel in a report on Thursday, July 20th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $28.00 target price on shares of Syntel in a report on Wednesday, October 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.10.

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In related news, insider Daniel M. Moore sold 1,080 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total value of $26,125.20. Following the sale, the insider now directly owns 22,963 shares in the company, valued at approximately $555,474.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 2,780 shares of company stock worth $61,689 over the last quarter. 61.10% of the stock is currently owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for Syntel (NASDAQ:SYNT)

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