ValuEngine lowered shares of Syntel (NASDAQ:SYNT) from a buy rating to a hold rating in a report published on Friday morning.

A number of other analysts also recently issued reports on SYNT. Cowen reiterated a hold rating and set a $18.00 price target on shares of Syntel in a research report on Thursday, October 12th. SunTrust Banks restated a hold rating and issued a $20.00 target price on shares of Syntel in a research report on Tuesday, October 17th. William Blair upgraded Syntel from an underperform rating to an outperform rating in a research report on Tuesday, October 17th. Loop Capital restated a buy rating and issued a $28.00 target price on shares of Syntel in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, Needham & Company LLC boosted their target price on Syntel from $23.00 to $28.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Syntel currently has a consensus rating of Hold and a consensus target price of $23.31.

Shares of Syntel (NASDAQ SYNT) opened at $21.27 on Friday. The stock has a market capitalization of $1,760.00, a PE ratio of 10.38, a PEG ratio of 1.22 and a beta of 1.01. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel has a 12-month low of $15.82 and a 12-month high of $26.33.

In related news, insider Daniel M. Moore sold 1,080 shares of the business’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 owns 22,963 shares in the company, valued at approximately $555,474.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 3,944 shares of company stock valued at $99,584 in the last 90 days. 61.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Group One Trading L.P. lifted its position in 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 during the last quarter. SG Americas Securities LLC bought a new stake in Syntel in the fourth quarter valued at approximately $144,000. UBS Asset Management Americas Inc. bought a new stake in Syntel in the second quarter valued at approximately $181,000. Legal & General Group Plc lifted its position in 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 during the last quarter. Finally, Comerica Bank bought a new stake in Syntel in the fourth quarter valued at approximately $213,000. Hedge funds and other institutional investors own 36.66% of the company’s stock.

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Syntel Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Syntel (NASDAQ:SYNT)

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