Syntel, Inc. (SYNT) Insider Anil Jain Sells 485 Shares of Stock

Syntel, Inc. (NASDAQ:SYNT) insider Anil Jain sold 485 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.63, for a total value of $12,430.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Syntel, Inc. (NASDAQ:SYNT) traded up $0.19 on Wednesday, hitting $25.40. The stock had a trading volume of 298,700 shares, compared to its average volume of 520,934. Syntel, Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $25.81. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of -5.69. The company has a market cap of $2,106.98, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 1.36 and a beta of 1.12.

Syntel (NASDAQ:SYNT) last posted its quarterly earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.17. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The business had revenue of $231.34 million for the quarter. During the same period in the previous year, the company posted $0.63 EPS. Syntel’s quarterly revenue was down 4.1% compared to the same quarter last year. equities analysts forecast that Syntel, Inc. will post 1.87 EPS for the current fiscal year.

Several brokerages have commented on SYNT. William Blair raised Syntel from an “underperform” rating to an “outperform” rating in a research report on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Syntel in a research report on Tuesday, October 17th. Loop Capital reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Syntel in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Syntel in a research report on Wednesday, October 4th. Finally, Needham & Company LLC upped their price objective on Syntel from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.10.

Several institutional investors and hedge funds have recently bought and sold shares of SYNT. Vanguard Group Inc. grew its position in shares of Syntel by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 2,593,466 shares of the information technology services provider’s stock worth $43,649,000 after buying an additional 80,485 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Syntel by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 526,397 shares of the information technology services provider’s stock worth $8,859,000 after purchasing an additional 20,349 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Syntel by 3.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 149,256 shares of the information technology services provider’s stock worth $2,512,000 after purchasing an additional 4,971 shares during the last quarter. Clark Estates Inc. NY lifted its stake in shares of Syntel by 19.9% during the 2nd quarter. Clark Estates Inc. NY now owns 181,000 shares of the information technology services provider’s stock worth $3,070,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Syntel by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 43,880 shares of the information technology services provider’s stock worth $744,000 after purchasing an additional 553 shares during the last quarter. 36.61% of the stock is currently owned by institutional investors and hedge funds.

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About Syntel

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.

Insider Buying and Selling by Quarter for Syntel (NASDAQ:SYNT)

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