Syntel (SYNT) Hits New 1-Year High and Low at $33.81

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.

Syntel (NASDAQ:SYNT) last posted its quarterly earnings results on Thursday, April 19th. The information technology services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.44 by $0.11. The business had revenue of $245.35 million during the quarter. Syntel had a net margin of 18.40% and a negative return on equity of 504.52%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. equities research analysts forecast that Syntel, Inc. will post 1.93 EPS for the current fiscal year.

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.

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.

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