Syntel, Inc. (SYNT) Chairman Sells $1,359,000.00 in Stock

Syntel, Inc. (NASDAQ:SYNT) Chairman Prashant Ranade sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $27.18, for a total transaction of $1,359,000.00. Following the completion of the sale, the chairman now directly owns 257,933 shares of the company’s stock, valued at approximately $7,010,618.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Syntel, Inc. (NASDAQ:SYNT) traded down $0.13 on Thursday, reaching $26.93. 515,900 shares of the company’s stock were exchanged, compared to its average volume of 468,227. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel, Inc. has a 12-month low of $15.82 and a 12-month high of $27.59. The firm has a market cap of $2,242.03, a price-to-earnings ratio of 13.33, a PEG ratio of 1.45 and a beta of 1.01.

Syntel (NASDAQ:SYNT) last released its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Syntel had a net margin of 18.00% and a negative return on equity of 170.67%. The firm had revenue of $239.81 million during the quarter. During the same period in the prior year, the firm posted $0.57 EPS. Syntel’s revenue was up .8% on a year-over-year basis. equities analysts forecast that Syntel, Inc. will post 1.86 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on SYNT. BidaskClub raised shares of Syntel from a “strong sell” rating to a “sell” rating in a report on Wednesday. William Blair reissued a “market perform” rating on shares of Syntel in a report on Thursday, February 15th. Maxim Group reissued a “hold” rating on shares of Syntel in a report on Thursday, February 15th. ValuEngine lowered shares of Syntel from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC lowered shares of Syntel from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Syntel presently has a consensus rating of “Hold” and a consensus target price of $23.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYNT. Dimensional Fund Advisors LP grew its holdings in Syntel by 75.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,431 shares of the information technology services provider’s stock worth $15,661,000 after acquiring an additional 397,034 shares during the period. ARGA Investment Management LP grew its holdings in Syntel by 123.0% during the 4th quarter. ARGA Investment Management LP now owns 564,475 shares of the information technology services provider’s stock worth $12,977,000 after acquiring an additional 311,375 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in Syntel during the 4th quarter worth $6,825,000. Pier Capital LLC acquired a new stake in Syntel during the 4th quarter worth $5,262,000. Finally, Phocas Financial Corp. bought a new position in shares of Syntel during the fourth quarter worth $5,208,000. 40.63% of the stock is owned by hedge funds and other institutional investors.

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Syntel Company Profile

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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