Media stories about Syntel (NASDAQ:SYNT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Syntel earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 45.9949005436876 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Syntel, Inc. (SYNT) Expected to Post Earnings of $0.44 Per Share (americanbankingnews.com)
- Syntel (SYNT) Upgraded to “Sell” at BidaskClub (americanbankingnews.com)
- Syntel, Inc. (SYNT) Chairman Prashant Ranade Sells 50,000 Shares (americanbankingnews.com)
- Syntel (SYNT) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Analysts Issue Forecasts for Syntel, Inc.’s Q1 2019 Earnings (SYNT) (americanbankingnews.com)
Shares of Syntel (NASDAQ:SYNT) opened at $26.98 on Friday. Syntel has a 12-month low of $15.82 and a 12-month high of $27.59. The stock has a market capitalization of $2,205.57, a price-to-earnings ratio of 13.56, a PEG ratio of 1.90 and a beta of 1.01. 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 Thursday, February 15th. The information technology services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. The company had revenue of $239.81 million during the quarter. Syntel had a negative return on equity of 170.67% and a net margin of 18.00%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. sell-side analysts predict that Syntel will post 1.87 earnings per share for the current year.
Several equities research analysts have recently issued reports on SYNT shares. William Blair reaffirmed a “market perform” rating on shares of Syntel in a research report on Thursday, February 15th. Zacks Investment Research raised Syntel from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. ValuEngine raised Syntel from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. BidaskClub raised Syntel from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Finally, Maxim Group reaffirmed a “hold” rating on shares of Syntel in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.00.
In other news, Chairman Prashant Ranade sold 50,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $27.18, for a total transaction of $1,359,000.00. Following the completion of the transaction, the chairman now owns 257,933 shares in the company, valued at approximately $7,010,618.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 52,864 shares of company stock valued at $1,432,459 in the last quarter. 61.10% of the stock is owned by corporate insiders.
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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.
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