Syntel (SYNT) Receives Daily Coverage Optimism Score of 0.22

Media coverage about Syntel (NASDAQ:SYNT) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Syntel earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 45.5994675894774 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several brokerages have recently commented on SYNT. William Blair upgraded Syntel from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 17th. Needham & Company LLC increased their target price on Syntel from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. They noted that the move was a valuation call. Loop Capital restated a “buy” rating and set a $28.00 target price on shares of Syntel in a report on Wednesday, October 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded Syntel from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Friday, October 20th. Finally, ValuEngine upgraded Syntel from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $23.10.

Syntel (SYNT) traded down $0.06 during trading on Friday, reaching $25.18. The company had a trading volume of 108,176 shares, compared to its average volume of 528,032. The company has a market capitalization of $2,086.26, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. Syntel has a fifty-two week low of $15.82 and a fifty-two week high of $25.80. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07.

Syntel (NASDAQ:SYNT) last posted its quarterly earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.17. The business 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%. Syntel’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. research analysts predict that Syntel will post 1.87 earnings per share for the current fiscal year.

In related 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 value of $26,125.20. Following the transaction, the insider now owns 22,963 shares in the company, valued at $555,474.97. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 2,780 shares of company stock worth $61,689. 61.10% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Syntel (NASDAQ:SYNT)

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