BidaskClub upgraded shares of Syntel (NASDAQ:SYNT) from a hold rating to a buy rating in a research report report published on Tuesday.

SYNT has been the topic of a number of other reports. Zacks Investment Research lowered shares of Syntel from a buy rating to a hold rating in a research report on Saturday, June 23rd. Wells Fargo & Co lowered shares of Syntel from a market perform rating to an underperform rating in a research report on Thursday, June 28th. Barrington Research restated a hold rating on shares of Syntel in a research report on Tuesday, July 3rd. Cantor Fitzgerald restated a hold rating and issued a $41.00 price target on shares of Syntel in a research report on Monday, July 23rd. Finally, Loop Capital lowered shares of Syntel from a buy rating to a hold rating in a research report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $29.00.

NASDAQ SYNT opened at $40.99 on Tuesday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.08 and a beta of 0.76. Syntel has a twelve month low of $18.82 and a twelve month high of $41.06. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 3.70.

Syntel (NASDAQ:SYNT) last posted its earnings results on Thursday, July 26th. The information technology services provider reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.05. The business had revenue of $249.70 million for the quarter. Syntel had a net margin of 18.42% and a return on equity of 3,237.31%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. As a group, research analysts anticipate that Syntel will post 1.97 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in shares of Syntel by 6.2% during the second quarter. Northern Trust Corp now owns 494,911 shares of the information technology services provider’s stock worth $15,882,000 after purchasing an additional 28,927 shares in the last quarter. SP Asset Management acquired a new position in shares of Syntel during the second quarter worth approximately $406,000. Bank of New York Mellon Corp lifted its position in shares of Syntel by 46.5% during the second quarter. Bank of New York Mellon Corp now owns 441,769 shares of the information technology services provider’s stock worth $14,176,000 after purchasing an additional 140,212 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Syntel by 14.8% during the second quarter. Schroder Investment Management Group now owns 1,224,935 shares of the information technology services provider’s stock worth $39,174,000 after purchasing an additional 158,150 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in shares of Syntel by 113.7% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 68,611 shares of the information technology services provider’s stock worth $2,202,000 after purchasing an additional 36,500 shares in the last quarter. Hedge funds and other institutional investors own 40.78% 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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Analyst Recommendations for Syntel (NASDAQ:SYNT)

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