Syntel (NASDAQ:SYNT) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other brokerages have also recently commented on SYNT. ValuEngine cut Syntel from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research cut Syntel from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Cowen reissued a “hold” rating and set a $18.00 target price on shares of Syntel in a report on Thursday, October 12th. J P Morgan Chase & Co cut Syntel from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Finally, TheStreet raised Syntel from a “d+” rating to a “c” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.10.

Shares of Syntel (SYNT) traded up $0.31 during trading on Friday, hitting $25.57. The company’s stock had a trading volume of 566,513 shares, compared to its average volume of 341,293. Syntel has a fifty-two week low of $15.82 and a fifty-two week high of $25.90. The firm has a market capitalization of $2,118.58, a PE ratio of 12.91, a P/E/G ratio of 1.37 and a beta of 1.12. 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 (NASDAQ:SYNT) last announced its earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.17. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The business had revenue of $231.34 million during the quarter. During the same period in the previous year, the company earned $0.63 EPS. Syntel’s revenue was down 4.1% compared to the same quarter last year. equities analysts forecast that Syntel will post 1.87 EPS for the current fiscal year.

In other news, insider Daniel M. Moore sold 1,080 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $24.19, for a total value of $26,125.20. Following the completion of the sale, the insider now directly owns 22,963 shares in the company, valued at $555,474.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 4,769 shares of company stock valued at $119,266 over the last 90 days. Company insiders own 61.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of SYNT. Group One Trading L.P. grew its position in shares of Syntel by 52.2% in the third quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock valued at $143,000 after purchasing an additional 2,498 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Syntel in the second quarter valued at approximately $181,000. Legal & General Group Plc grew its position in shares of Syntel by 8.0% in the second quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock valued at $202,000 after purchasing an additional 881 shares in the last quarter. PEAK6 Investments L.P. purchased a new stake in shares of Syntel in the third quarter valued at approximately $223,000. Finally, Voya Investment Management LLC grew its position in shares of Syntel by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 2,054 shares in the last quarter. Institutional investors and hedge funds own 36.61% of the company’s stock.

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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.

Analyst Recommendations for Syntel (NASDAQ:SYNT)

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