Anil Jain Sells 485 Shares of Syntel, Inc. (SYNT) Stock
Syntel, Inc. (NASDAQ:SYNT) insider Anil Jain sold 485 shares of Syntel stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.63, for a total value of $12,430.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Syntel, Inc. (NASDAQ:SYNT) remained flat at $$25.40 during midday trading on Thursday. 283,446 shares of the company were exchanged, compared to its average volume of 519,901. 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 capitalization of $2,100.00, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.35 and a beta of 1.11. Syntel, Inc. has a 52 week low of $15.82 and a 52 week high of $25.81.
Syntel (NASDAQ:SYNT) last released its quarterly earnings data on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.17. The company had revenue of $231.34 million for the quarter. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. equities analysts predict that Syntel, Inc. will post 1.87 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYNT. Sather Financial Group Inc bought a new position in shares of Syntel in the second quarter valued at approximately $8,400,000. Dimensional Fund Advisors LP raised its stake in shares of Syntel by 75.4% in the second quarter. Dimensional Fund Advisors LP now owns 923,431 shares of the information technology services provider’s stock valued at $15,661,000 after acquiring an additional 397,034 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Syntel by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,723,937 shares of the information technology services provider’s stock valued at $46,198,000 after acquiring an additional 130,471 shares during the last quarter. Bridge City Capital LLC bought a new position in shares of Syntel in the second quarter valued at approximately $1,771,000. Finally, Teachers Advisors LLC raised its stake in shares of Syntel by 128.4% in the second quarter. Teachers Advisors LLC now owns 144,065 shares of the information technology services provider’s stock valued at $2,443,000 after acquiring an additional 80,977 shares during the last quarter. 36.61% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on SYNT shares. ValuEngine raised Syntel from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research raised Syntel from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, August 18th. Needham & Company LLC lifted their target price on Syntel from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Loop Capital reissued a “buy” rating and set a $28.00 target price on shares of Syntel in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, TheStreet raised Syntel from a “d+” rating to a “c” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.10.
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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.
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