J P Morgan Chase & Co downgraded shares of Syntel (NASDAQ:SYNT) from a neutral rating to an underweight rating in a report published on Tuesday, Marketbeat reports.

A number of other equities analysts have also recently weighed in on SYNT. Zacks Investment Research raised Syntel from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Friday, August 18th. TheStreet upgraded Syntel from a d+ rating to a c rating in a research report on Tuesday, October 17th. SunTrust Banks restated a hold rating and set a $20.00 price objective on shares of Syntel in a research report on Tuesday, October 17th. Cowen restated a hold rating and set a $18.00 price objective on shares of Syntel in a research report on Tuesday, August 22nd. Finally, Loop Capital restated a buy rating and set a $28.00 price objective on shares of Syntel in a research 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, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $23.10.

Shares of Syntel (NASDAQ:SYNT) traded up $0.31 on Tuesday, reaching $25.57. The company had a trading volume of 492,701 shares, compared to its average volume of 341,293. The stock has a market cap of $2,092.89, a PE ratio of 12.76, a P/E/G ratio of 1.35 and a beta of 1.12. Syntel has a 1 year low of $15.82 and a 1 year high of $25.90. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07.

Syntel (NASDAQ:SYNT) last issued its quarterly earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.17. The firm had revenue of $231.34 million for the quarter. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 EPS. equities analysts anticipate that Syntel will post 1.87 EPS for the current year.

In other Syntel news, insider Daniel M. Moore sold 1,080 shares of the firm’s 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 completion of 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 available at this hyperlink. Insiders have sold a total of 4,769 shares of company stock valued at $119,266 over the last 90 days. Corporate insiders own 61.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in SYNT. Group One Trading L.P. lifted its holdings in shares of Syntel by 52.2% during the 3rd quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 2,498 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Syntel during the 2nd quarter valued at about $181,000. Legal & General Group Plc lifted its holdings in shares of Syntel by 8.0% during the 2nd quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 881 shares during the last quarter. PEAK6 Investments L.P. acquired a new stake in shares of Syntel during the 3rd quarter valued at about $223,000. Finally, Voya Investment Management LLC lifted its holdings in shares of Syntel by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock valued at $272,000 after buying an additional 2,054 shares during 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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