Syntel, Inc. provides digital transformation, information technology (IT), and knowledge process outsourcing (KPO) services worldwide. The company operates through Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics, and Telecom segments. It provides end-to-end, integrated application, and infrastructure management services; develops software applications; and offers legacy modernization services, such as software analysis, language conversion, reverse engineering, database migration, code optimization, cloud onboarding and migration, ecosystem migration, testing, and management. The company also provides consulting, implementation, and management services for enterprise architecture, data warehousing, business intelligence, and enterprise application integration, as well as mobility, big data, analytics, and Internet of Things technologies. In addition, it offers KPO services that provide outsourced solutions for knowledge and business processes. The company offers its products to various companies in the banking and financial services, healthcare and life sciences, insurance, manufacturing, retail, logistics, and telecom industries. Syntel, Inc. was founded in 1980 and is headquartered in Troy, Michigan.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Custom computer programming services
Sub-IndustryData Processing & Outsourced Services
SectorComputer and Technology
SymbolNASDAQ:SYNT
CUSIP87162H10
Phone248-619-2800
Debt
Debt-to-Equity Ratio3.70
Current Ratio1.96
Quick Ratio1.96
Price-To-Earnings
Trailing P/E Ratio20.29
Forward P/E Ratio20.81
P/E Growth2.08
Sales & Book Value
Annual Sales$923.83 million
Price / Sales3.68
Cash Flow$2.2097 per share
Price / Cash18.55
Book Value($0.16) per share
Price / Book-256.19
Profitability
EPS (Most Recent Fiscal Year)$2.02
Net Income$166.26 million
Net Margins18.42%
Return on Equity3,237.31%
Return on Assets38.35%
Miscellaneous
Employees22,114
Outstanding Shares82,970,000
Market Cap$3.40 billion
Syntel (NASDAQ:SYNT) Frequently Asked Questions
What is Syntel's stock symbol?
Syntel trades on the NASDAQ under the ticker symbol "SYNT."
How will Syntel's stock buyback program work?
Syntel announced that its board has approved a stock buyback plan on Friday, July 21st 2017, which permits the company to repurchase $60,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
How were Syntel's earnings last quarter?
Syntel, Inc. (NASDAQ:SYNT) issued its earnings results on Thursday, July, 26th. The information technology services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The information technology services provider earned $249.70 million during the quarter. Syntel had a net margin of 18.42% and a return on equity of 3,237.31%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. View Syntel's Earnings History.
What guidance has Syntel issued on next quarter's earnings?
Syntel issued an update on its second quarter earnings guidance on Monday, July, 23rd. The company provided 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.
What price target have analysts set for SYNT?
11 equities research analysts have issued twelve-month target prices for Syntel's shares. Their predictions range from $21.00 to $41.00. On average, they expect Syntel's stock price to reach $28.75 in the next year. This suggests that the stock has a possible downside of 29.9%. View Analyst Price Targets for Syntel.
What is the consensus analysts' recommendation for Syntel?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Syntel in the last year. There are currently 2 sell ratings and 9 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Syntel.
What are Wall Street analysts saying about Syntel stock?
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. " (9/27/2018)
- 2. Cantor Fitzgerald analysts commented, ". We maintain our Neutral rating on Syntel and raise our PT to $41 from $25. Atos (NC) held a conference call this morning announcing its agreement to acquire Syntel. Syntel has seen a large price increase lately with the stock up 22% over the last month and up 70% YTD, perhaps pricing in today’s news. We view the deal as beneficial to SYNT due to its significant premium from our original price target. We believe this could be a sign of potential further consolidation in the industry." (7/23/2018)
- 3. Barrington Research analysts commented, "We believe the sales pipeline for both digital and European projects is sizeable." (7/3/2018)
Who are some of Syntel's key competitors?
Some companies that are related to Syntel include Amdocs (DOX), Obic (OBIIF), Aspen Technology (AZPN), EPAM Systems (EPAM), GEMALTO NV/S (GTOMY), Zscaler (ZS), Callidus Software (CALD), Sogou (SOGO), Virtusa (VRTU), Luxoft (LXFT), Endava (DAVA), PROS (PRO), Perficient (PRFT), Glu Mobile (GLUU) and AGM Group (AGMH).
Who are Syntel's key executives?
Syntel's management team includes the folowing people:
- Mr. Bharat Desai, Co-Founder & Co-Chairman (Age 65)
- Mr. Rakesh Khanna, CEO, Pres & Director (Age 55)
- Ms. Neerja Sethi, Co-Founder & Director (Age 63)
- Mr. Anil Agrawal, CFO & Chief Information Security Officer (Age 41)
- Mr. Daniel M. Moore, Chief Admin. Officer, Gen. Counsel & Sec. (Age 63)
Who are Syntel's major shareholders?
Syntel's stock is owned by a number of of retail and institutional investors. Top institutional investors include RK Asset Management LLC (0.25%), Bowling Portfolio Management LLC (0.06%), Kassirer Asset Management Corp (0.06%) and CAPROCK Group Inc. (0.01%). Company insiders that own Syntel stock include Anil Agrawal, Anil Jain, Avinash Salelkar, Ben Andradi, Christopher Mason, Daniel M Moore, Murlidhar Reddy, Paritosh K Choksi, Prashant Ranade, Rahul B Aggarwal, Raja Ray, Rajesh Save, Rakesh Khanna, Rex E Jr Schlaybaugh, Sanjay Garg, SE Atos, Sujay Puthran, Sundarraj Venkatesan and Vinod Kumar Sahney. View Institutional Ownership Trends for Syntel.
Which institutional investors are selling Syntel stock?
SYNT stock was sold by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC and RK Asset Management LLC. 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, Sujay Puthran and Sundarraj Venkatesan. View Insider Buying and Selling for Syntel.
Which institutional investors are buying Syntel stock?
SYNT stock was bought by a variety of institutional investors in the last quarter, including Kassirer Asset Management Corp and CAPROCK Group 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, SE Atos and Vinod Kumar Sahney. View Insider Buying and Selling for Syntel.
How do I buy shares of 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.
What is Syntel's stock price today?
One share of SYNT stock can currently be purchased for approximately $40.99.
How big of a company is Syntel?
Syntel has a market capitalization of $3.40 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.
What is Syntel's official website?
How can I contact Syntel?
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]
MarketBeat Community Rating for Syntel (NASDAQ SYNT)
MarketBeat's community ratings are surveys of what our community members think about Syntel and other stocks. Vote "Outperform" if you believe SYNT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SYNT will underperform the S&P 500 over the long term. You may vote once every thirty days.
