Syntel Company Profile (NASDAQ:SYNT)

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

Syntel declared that its Board of Directors has authorized a share repurchase plan on Friday, July 21st 2017, which allows the company to buyback $60,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Syntel, Inc. (NASDAQ:SYNT) issued its earnings results on Thursday, July, 20th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.04. The business had revenue of $226.81 million for the quarter. Syntel had a negative net margin of 10.11% and a negative return on equity of 110.72%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. View Syntel's Earnings History.

Syntel is scheduled to release their next quarterly earnings announcement on Tuesday, October, 17th 2017. View Earnings Estimates for Syntel.

Syntel issued an update on its FY17 earnings guidance on Thursday, July, 20th. The company provided EPS guidance of $1.62-1.77 for the period, compared to the Thomson Reuters consensus estimate of $1.68. The company issued revenue guidance of $865-900 million, compared to the consensus revenue estimate of $872.92 million.

7 equities research analysts have issued twelve-month price targets for Syntel's shares. Their forecasts range from $16.00 to $28.00. On average, they expect Syntel's share price to reach $22.50 in the next twelve months. View Analyst Ratings for Syntel.

Here are some recent quotes from research analysts about Syntel stock:

• 1. According to Zacks Investment Research, "Syntel is a worldwide provider of advanced technology services to Fortune 1000 companies, as well as to government entities. Their service offerings are grouped into three segments: e-Business, Application Outsourcing, and Teamsourcing. E-Business consists of practice areas in Web Solutions, Customer Relationship Management, Data Warehousing/Business Intelligence, and Enterprise Application Outsourcing services. " (8/24/2017)
• 2. Maxim Group analysts commented, "We believe the biggest impediment to growth remains customer concentration, as revenue from its largest customer, American Express declined 11% sequentially, and still represented 16.6% of 2Q17 revenue." (7/20/2017)
• 3. Cantor Fitzgerald analysts commented, "2Q17 revenues and EPS top expectations. Syntel reported 2Q17 revenue of $226.8 mn, down 7.8% y/y, but up 0.4% q/q, above our $221.3 mn estimate and the $220.1 mn FactSet consensus. Gross margin of 35.9% was above our 33.9% estimate. SG&A of $28.7 mn was below our $29.5 mn estimate. EPS of $0.44 was above our estimate of $0.37 and the consensus of $0.40. Share count and tax rate were generally in line with our expectations. See p. 2 for a comparison of present quarterly results to the same quarter last year and our estimates." (7/20/2017)

Some companies that are related to Syntel include Wix.com (WIX), Manhattan Associates (MANH), Black Knight Financial Services (BKFS), NetScout Systems (NTCT), Science Applications International Corporation (SAIC), ACI Worldwide (ACIW), 2U (TWOU), Verint Systems (VRNT), Sophos Group PLC (SOPH), Inovalon Holdings (INOV), Verifone Systems (PAY), Acxiom Corporation (ACXM), TeleTech Holdings (TTEC), ManTech International Corporation (MANT), AVEVA Group plc (AVV), Insight Enterprises (NSIT), Imperva (IMPV) and Globant S.A. (GLOB).

Syntel's management team includes the folowing people:

• Bharat Desai, Co-Chairman of the Board
• Prashant Ranade, Co-Chairman of the Board
• Rakesh Khanna, President, Chief Executive Officer, Director
• Anil Agrawal, Chief Financial Officer, Chief Information Security Officer
• Sanjay Garg, Chief Executive Officer, Vice President of State Street Syntel Services Private Limited
• Anil K. Jain, Senior Vice President – Head Sales NAO
• V. S. Raj, Senior Vice President - Banking & Financial Services Business Unit Head
• Raja Ray, Senior Vice President, RCT, Logistics and Travel Business Unit Head
• Murlidhar Reddy, Senior Vice President - Healthcare and Life Sciences Business Unit Head
• Rajiv Tandon, Senior Vice President - Client Relations, Key Accounts – North America

Syntel's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (6.39%), Vanguard Group Inc. (3.26%), FMR LLC (1.34%), Dimensional Fund Advisors LP (1.10%), Freestone Capital Holdings LLC (0.88%) and State Street Corp (0.79%). Company insiders that own Syntel stock include Anil Agrawal, Anil Jain, Arvind Godbole, Avinash Salelkar, Christopher Mason, Daniel M Moore, Murlidhar Reddy, Nitin Rakesh, Paritosh K Choksi, Prashant Ranade, Raja Ray, Rajesh Save, Rakesh Khanna, Rex E Jr Schlaybaugh, Sanjay Garg, Thomas Doke and Vinod Kumar Sahney. View Institutional Ownership Trends for Syntel.

Syntel's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Capital Research Global Investors, FIL Ltd, BTIM Corp., Federated Investors Inc. PA, GSA Capital Partners LLP, Fort L.P. and New York State Common Retirement Fund. Company insiders that have sold Syntel stock in the last year include Christopher Mason, Rajesh Save and Sanjay Garg. View Insider Buying and Selling for Syntel.

Syntel's stock was purchased by a variety of institutional investors in the last quarter, including Sather Financial Group Inc, Dimensional Fund Advisors LP, Vanguard Group Inc., Bridge City Capital LLC, Teachers Advisors LLC, Prudential Financial Inc., AXA and Horrell Capital Management Inc.. 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 Syntel can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Syntel stock can currently be purchased for approximately $19.06.