Free Pre-Market Technical Pulse on Syntel and Three More IT Services Stocks
Stock Research Monitor: UIS, WIT, and XRX
LONDON, UK / ACCESSWIRE / July 25, 2018 / If you want a free Stock Review on SYNT sign up now at www.wallstequities.com/registration. Today's research on WallStEquities.com is focused on the Information Technology Services industry, which provides services such as software support, computer systems design, and data processing facilities management. Under scanning this morning are Syntel Inc. (NASDAQ: SYNT), Unisys Corp. (NYSE: UIS), Wipro Ltd (NYSE: WIT), and Xerox Corp. (NYSE: XRX). All you have to do is sign up today for this free limited time offer by clicking the link below.
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Syntel
Troy, Michigan headquartered Syntel Inc.'s stock finished Tuesday's session 0.02% lower at $40.75. A total volume of 4.57 million shares was traded, which was above their three months average volume of 661,590 shares. The Company's shares have surged 27.30% in the past month, 44.66% in the previous three months, and 109.62% over the past year. The stock is trading 20.89% above its 50-day moving average and 50.28% above its 200-day moving average. Additionally, shares of Syntel, which provides digital transformation, information technology, and knowledge process outsourcing services worldwide, have a Relative Strength Index (RSI) of 76.43.
On July 22nd, 2018, Syntel (SYNT) announced that it has entered into a definitive merger agreement with Atos S.E. under which the latter will acquire all outstanding shares of SYNT for $41.00 per share in an all-cash transaction valued at approximately $3.57 billion, including its net debt. The transaction was unanimously approved by the full Board of Directors of SYNT based on the unanimous recommendation of a Special Committee of the Board.
On July 23rd, 2018, research firm Loop Capital downgraded the Company's stock rating from 'Buy' to 'Hold'. Get the full research report on SYNT for free by clicking below at:
www.wallstequities.com/registration/?symbol=SYNT
Unisys
On Tuesday, shares in Blue Bell, Pennsylvania-based Unisys Corp. recorded a trading volume of 937,827 shares, which was above their three months average volume of 621,200 shares. The stock ended the session 3.17% lower at $13.75. The Company's shares have advanced 0.73% in the last month, 23.32% in the previous three months, and 6.18% over the past year. The stock is trading 5.06% above its 50-day moving average and 32.15% above its 200-day moving average. Moreover, shares of Unisys, which provides information technology services worldwide, have an RSI of 51.40.
On July 17th, 2018, Unisys announced that it was selected by the US Navy's Space and Naval Warfare Systems Command to develop, operate, and manage software used for the Nuclear Command, Control and Communications Navy Modernized Hybrid Solution. This contract is valued at up to approximately $20 million over five years. Download our actionable research report on UIS at:
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Wipro
Bengaluru, India headquartered Wipro Ltd's shares closed the day 0.59% higher at $5.08. The stock recorded a trading volume of 2.54 million shares, which was higher than its three months average volume of 1.10 million shares. The Company's shares have gained 5.83% in the last month. The stock is trading 5.95% above its 50-day moving average. Additionally, shares of Wipro, which operates as an information technology, consulting, and business process services company worldwide, have an RSI of 59.25.
On July 13th, 2018, Wipro announced that it has been positioned as a Leader in Gartner's Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services, North America. The report, authored by Mark D. Ray, William Maurer, David Edward Ackerman, Stephanie Stoudt-Hansen, and Robert Naegle, was published on June 18th, 2018.
On July 24th, 2018, research firm CLSA downgraded the Company's stock rating from 'Underperform' to 'Sell'. Register for your free report coverage on WIT at:
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Xerox
Shares in Norwalk, Connecticut headquartered Xerox Corp. finished 1.20% lower at $24.80. The stock recorded a trading volume of 2.38 million shares. The Company's shares are trading below their 50-day moving average by 6.87%. Furthermore, shares of Xerox, which designs, develops, and sells document management systems and solutions worldwide, have an RSI of 38.15.
On July 19th, 2018, Xerox announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share on the Company's common stock, payable on October 31st, 2018, to shareholders of record on September 28th, 2018. The board also declared a quarterly cash dividend of $20 per share on the Company's outstanding Series B Convertible Perpetual Preferred Stock, payable on October 01st, 2018, to shareholders of record on September 15th, 2018.
On July 20th, 2018, research firm Citigroup resumed its 'Buy' rating on the Company's stock, with a target price of $39 per share. Get the free research report on XRX at:
www.wallstequities.com/registration/?symbol=XRX
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