BidaskClub lowered shares of Syntel (NASDAQ:SYNT) from a hold rating to a sell rating in a report released on Saturday.
Other research analysts also recently issued reports about the stock. ValuEngine raised shares of Syntel from a hold rating to a buy rating in a report on Thursday, November 9th. Zacks Investment Research raised shares of Syntel from a hold rating to a buy rating and set a $27.00 price objective for the company in a report on Friday, October 20th. Needham & Company LLC raised their price target on shares of Syntel from $23.00 to $28.00 and gave the company a buy rating in a report on Wednesday, October 18th. They noted that the move was a valuation call. Loop Capital reissued a buy rating and issued a $28.00 price target on shares of Syntel in a report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, TheStreet raised shares of Syntel from a d+ rating to a c rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Syntel currently has an average rating of Hold and an average target price of $23.31.
Syntel (NASDAQ SYNT) opened at $22.99 on Friday. The company has a market cap of $1,904.81, a P/E ratio of 11.21, a P/E/G ratio of 1.23 and a beta of 1.11. Syntel has a fifty-two week low of $15.82 and a fifty-two week high of $26.33. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of -5.69.
In other Syntel news, insider Daniel M. Moore sold 1,080 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total value of $26,125.20. Following the completion of the transaction, the insider now directly owns 22,963 shares of the company’s stock, valued at approximately $555,474.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 4,769 shares of company stock valued at $119,266. Insiders own 61.10% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP lifted its holdings in shares of Syntel by 67.3% during the 3rd quarter. GSA Capital Partners LLP now owns 137,209 shares of the information technology services provider’s stock worth $2,696,000 after acquiring an additional 55,205 shares during the last quarter. Group One Trading L.P. lifted its holdings in shares of Syntel by 52.2% during the 3rd quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock worth $143,000 after acquiring an additional 2,498 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Syntel during the 3rd quarter worth $283,000. Highbridge Capital Management LLC lifted its holdings in shares of Syntel by 72.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 167,848 shares of the information technology services provider’s stock worth $3,298,000 after acquiring an additional 70,777 shares during the last quarter. Finally, PEAK6 Investments L.P. bought a new stake in shares of Syntel during the 3rd quarter worth $223,000. 36.61% of the stock is owned by hedge funds and other institutional investors.
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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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