NASDAQ:SYNT - Syntel Stock Price, News, & Analysis

Syntel trades on the NASDAQ under the ticker symbol "SYNT."

Syntel announced that its Board of Directors has initiated a share repurchase program on Friday, July 21st 2017, which permits the company to buyback $60,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Syntel, Inc. (NASDAQ:SYNT) announced its quarterly earnings results on Thursday, July, 26th. The information technology services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.05. The information technology services provider had revenue of $249.70 million for the quarter. Syntel had a return on equity of 3,237.31% and a net margin of 18.42%. Syntel's quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. View Syntel's Earnings History.

Syntel is scheduled to release their next quarterly earnings announcement on Tuesday, October, 16th 2018. View Earnings Estimates for Syntel.

Syntel updated its second quarter earnings guidance on Monday, July, 23rd. The company provided earnings per share (EPS) guidance of $0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.44. The company issued revenue guidance of $249.7 million, compared to the consensus revenue estimate of $232.50 million.

12 equities research analysts have issued 12-month price targets for Syntel's shares. Their forecasts range from $20.00 to $41.00. On average, they anticipate Syntel's share price to reach $27.2857 in the next year. This suggests that the stock has a possible downside of 32.8%. View Analyst Price Targets for Syntel.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Syntel in the last year. There are currently 2 sell ratings and 10 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Syntel.

Syntel saw a decrease in short interest in July. As of July 31st, there was short interest totalling 1,266,888 shares, a decrease of 40.4% from the July 13th total of 2,125,027 shares. Based on an average daily volume of 2,060,951 shares, the days-to-cover ratio is presently 0.6 days. Approximately 3.6% of the shares of the company are short sold. View Syntel's Current Options Chain.

Some companies that are related to Syntel include Amdocs (DOX), Obic (OBIIF), Aspen Technology (AZPN), EPAM Systems (EPAM), GEMALTO NV/S (GTOMY), Zscaler (ZS), Sogou (SOGO), Callidus Software (CALD), Virtusa (VRTU), Endava (DAVA), Luxoft (LXFT), PROS (PRO), Perficient (PRFT), Glu Mobile (GLUU) and Monotype Imaging (TYPE).

Media headlines about SYNT stock have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Syntel earned a daily sentiment score of 0.21 on Accern's scale. They also gave news coverage about the information technology services provider an impact score of 46.23 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Syntel.

Syntel's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.50%), Dimensional Fund Advisors LP (1.66%), Schroder Investment Management Group (1.48%), FMR LLC (1.47%), Fuller & Thaler Asset Management Inc. (1.04%) and BTIM Corp. (0.68%). Company insiders that own Syntel stock include Anil Agrawal, Anil Jain, Avinash Salelkar, Ben Andradi, Christopher Mason, Daniel M Moore, Murlidhar Reddy, Nitin Rakesh, Paritosh K Choksi, Prashant Ranade, Rahul B Aggarwal, Raja Ray, Rajesh Save, Rakesh Khanna, Rex E Jr Schlaybaugh, Sanjay Garg, Sujay Puthran, Sundarraj Venkatesan and Vinod Kumar Sahney. View Institutional Ownership Trends for Syntel.

SYNT stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Intrepid Capital Management Inc., Fuller & Thaler Asset Management Inc., IPG Investment Advisors LLC, Millennium Management LLC, ARGA Investment Management LP, Alambic Investment Management L.P. and Bank of America Corp DE. Company insiders that have sold Syntel company stock in the last year include Anil Jain, Avinash Salelkar, Ben Andradi, Daniel M Moore, Murlidhar Reddy, Prashant Ranade, Rahul B Aggarwal, Sanjay Garg, Sujay Puthran and Sundarraj Venkatesan. View Insider Buying and Selling for Syntel.

SYNT stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, Convergence Investment Partners LLC, Schroder Investment Management Group, Robeco Institutional Asset Management B.V., American Century Companies Inc., Bank of New York Mellon Corp and Martingale Asset Management L P. Company insiders that have bought Syntel stock in the last two years include Anil Agrawal, Anil Jain, Avinash Salelkar, Daniel M Moore, Murlidhar Reddy, Paritosh K Choksi, Prashant Ranade, Raja Ray, Rakesh Khanna, Rex E Jr Schlaybaugh and Vinod Kumar Sahney. View Insider Buying and Selling for Syntel.

Shares of SYNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of SYNT stock can currently be purchased for approximately $40.62.

Syntel has a market capitalization of $3.37 billion and generates $923.83 million in revenue each year. The information technology services provider earns $166.26 million in net income (profit) each year or $2.02 on an earnings per share basis. Syntel employs 22,114 workers across the globe.

Syntel's mailing address is 525 EAST BIG BEAVER ROAD SUITE 300, TROY MI, 48083. The information technology services provider can be reached via phone at 248-619-2800 or via email at [email protected]