Syntel, Inc. (NASDAQ:SYNT) shares hit a new 52-week high and low during trading on Tuesday . The stock traded as low as $33.81 and last traded at $33.58, with a volume of 15092 shares traded. The stock had previously closed at $33.41.
Several research analysts have commented on SYNT shares. Maxim Group reiterated a “hold” rating on shares of Syntel in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of Syntel from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, May 1st. ValuEngine upgraded shares of Syntel from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. BidaskClub upgraded shares of Syntel from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 21st. Finally, Wellington Shields upgraded shares of Syntel from a “hold” rating to an “accumulate” rating in a report on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Syntel currently has an average rating of “Hold” and an average price target of $24.75.
The company has a debt-to-equity ratio of 7.25, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market capitalization of $2.77 billion, a P/E ratio of 16.71, a P/E/G ratio of 2.31 and a beta of 0.76.
In other Syntel news, SVP Murlidhar Reddy sold 2,000 shares of Syntel stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $32.85, for a total value of $65,700.00. Following the completion of the sale, the senior vice president now directly owns 36,889 shares in the company, valued at $1,211,803.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 6,077 shares of company stock valued at $200,710 over the last quarter. Corporate insiders own 58.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. lifted its stake in Syntel by 1,208.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,679 shares of the information technology services provider’s stock valued at $130,000 after acquiring an additional 5,245 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Syntel by 265.2% in the first quarter. Meeder Asset Management Inc. now owns 5,807 shares of the information technology services provider’s stock valued at $148,000 after purchasing an additional 4,217 shares during the period. SG Americas Securities LLC bought a new position in shares of Syntel in the fourth quarter valued at approximately $144,000. Victory Capital Management Inc. bought a new position in shares of Syntel in the first quarter valued at approximately $174,000. Finally, Trexquant Investment LP bought a new position in shares of Syntel in the first quarter valued at approximately $229,000. Hedge funds and other institutional investors own 40.04% of the company’s stock.
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.
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