Shares of Syntel, Inc. (NASDAQ:SYNT) have been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $22.12.

Several brokerages have recently weighed in on SYNT. BidaskClub cut shares of Syntel from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Wells Fargo & Co cut shares of Syntel from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $24.16 to $21.00 in a research note on Friday, December 29th. Robert W. Baird reaffirmed a “hold” rating and set a $24.00 price target on shares of Syntel in a research note on Thursday, December 21st. Needham & Company LLC cut shares of Syntel from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Syntel from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th.

In related news, insider Daniel M. Moore sold 1,080 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 22,963 shares of the company’s stock, valued at $555,474.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 4,769 shares of company stock valued at $119,266 over the last three months. 61.10% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Sather Financial Group Inc acquired a new stake in Syntel during the 2nd quarter valued at $8,400,000. Dimensional Fund Advisors LP lifted its holdings in Syntel by 75.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,431 shares of the information technology services provider’s stock valued at $15,661,000 after purchasing an additional 397,034 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Syntel by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,723,937 shares of the information technology services provider’s stock valued at $46,198,000 after purchasing an additional 130,471 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Syntel by 128.4% during the 2nd quarter. Teachers Advisors LLC now owns 144,065 shares of the information technology services provider’s stock valued at $2,443,000 after purchasing an additional 80,977 shares during the last quarter. Finally, Highbridge Capital Management LLC lifted its holdings in Syntel by 72.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 167,848 shares of the information technology services provider’s stock valued at $3,298,000 after purchasing an additional 70,777 shares during the last quarter. 36.61% of the stock is owned by institutional investors and hedge funds.

Shares of Syntel (NASDAQ:SYNT) traded down $0.13 on Tuesday, hitting $23.67. 419,270 shares of the stock traded hands, compared to its average volume of 431,300. The company has a market cap of $1,940.00, a PE ratio of 11.55, a P/E/G ratio of 1.28 and a beta of 1.11. Syntel has a one year low of $15.82 and a one year high of $26.33. 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 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 consensus estimate of $0.41 by $0.17. The company had revenue of $231.34 million during the quarter. Syntel had a net margin of 18.64% and a negative return on equity of 137.94%. Syntel’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. equities research analysts forecast that Syntel will post 1.87 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Analysts Set Syntel, Inc. (SYNT) PT at $22.12” was reported by Marea Informative and is owned by of Marea Informative. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.mareainformativa.com/analysts-set-syntel-inc-synt-pt-at-22-12/122791/.

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)

Receive News & Ratings for Syntel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntel and related companies with MarketBeat.com's FREE daily email newsletter.