Headlines about Syntel (NASDAQ:SYNT) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Syntel earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 46.1107184184709 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
A number of research firms have recently commented on SYNT. Needham & Company LLC downgraded Syntel from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. They noted that the move was a valuation call. Barrington Research reiterated a “hold” rating on shares of Syntel in a research report on Monday, February 26th. BidaskClub downgraded Syntel from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. ValuEngine downgraded Syntel from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Maxim Group reiterated a “hold” rating on shares of Syntel in a research report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.00.
Shares of Syntel (SYNT) opened at $27.37 on Wednesday. Syntel has a twelve month low of $15.82 and a twelve month high of $27.59. The firm has a market capitalization of $2,270.00, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.96 and a beta of 0.76. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of -25.89.
Syntel (NASDAQ:SYNT) last released its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.23. Syntel had a negative return on equity of 218.07% and a net margin of 18.00%. The company had revenue of $239.81 million for the quarter. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. equities analysts forecast that Syntel will post 1.86 earnings per share for the current fiscal year.
In related 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 sale, the chairman now owns 257,933 shares in the company, valued at approximately $7,010,618.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rahul B. Aggarwal sold 1,800 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $26.66, for a total value of $47,988.00. Following the sale, the vice president now owns 10,430 shares in the company, valued at approximately $278,063.80. The disclosure for this sale can be found here. Insiders have sold a total of 53,833 shares of company stock worth $1,461,209 in the last 90 days. 61.10% of the stock is currently owned by insiders.
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.