November 23, 2016 - By Peter Erickson
Thomas Doeke is the director of Syntel Inc. He not a long ago obtained 3,000 shares in the Michigan-based company with the trade value totalling approx. $58,331 US Dollars. This is according to the traded price of $19.4 per each share. Dated November 22, 2016, this specific investment by Thomas Doeke was revealed in a filing that was filed with the Security and Exchange Commission. It is ready for review here. Thomas Doeke now indirectly possess 0 shares. He also directly possess 22587 shares. In total he holds a stake of 0.03%.
Out of 9 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 11% are positive. $58 is the highest target while $27 is the lowest. The $33.80 average target is 69.51% above today’s ($19.94) stock price. Syntel Inc. has been the topic of 18 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Neutral” rating given on Wednesday, October 5 by Robert W. Baird. The rating was initiated by Suntrust Robinson on Thursday, September 10 with “Buy”. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Wednesday, February 3 by Maxim Group. Suntrust Robinson downgraded the shares of SYNT in a report on Monday, October 24 to “Hold” rating. The firm has “Hold” rating by Cantor Fitzgerald given on Friday, October 16. Robert W. Baird upgraded the shares of SYNT in a report on Thursday, August 20 to “Outperform” rating. Needham maintained the shares of SYNT in a report on Friday, October 21 with “Buy” rating. Wells Fargo downgraded the shares of SYNT in a report on Friday, February 19 to “Market Perform” rating. The firm earned “Mkt Perform” rating on Thursday, September 22 by Barrington Research. Robert W. Baird maintained Syntel, Inc. (NASDAQ:SYNT) rating on Tuesday, September 13. Robert W. Baird has “Neutral” rating and $52 price target.
Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.07, from 1.1 in 2016Q1. The ratio increased, as 27 funds sold all Syntel, Inc. shares owned while 55 reduced positions. 24 funds bought stakes while 66 increased positions. They now own 28.31 million shares or 0.38% less from 28.42 million shares in 2016Q1.
Prudential Financial last reported 143,784 shares in the company. Renaissance Grp Inc Ltd Liability Com has 6,133 shares for 0.01% of their US portfolio. The Germany-based Allianz Asset Ag has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Cambridge Invest Research has 4,842 shares for 0% of their US portfolio. Rbf Ltd Limited Liability Company has 0.05% invested in the company for 5,400 shares. First National Bank Of Omaha accumulated 12,125 shares or 0.04% of the stock. Blackrock Inc has 0% invested in the company for 2,922 shares. Amp Investors Limited reported 32,596 shares or 0.01% of all its holdings. Hutchin Hill L P owns 25,500 shares or 0.04% of their US portfolio. Axa accumulated 11,600 shares or 0% of the stock. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Credit Suisse Ag has 35,410 shares for 0% of their US portfolio. Hartline Invest Corporation, a Illinois-based fund reported 20,485 shares. The Maryland-based Adams Diversified Equity Fund has invested 0.02% in Syntel, Inc. (NASDAQ:SYNT). Fort L P owns 45,220 shares or 0.84% of their US portfolio.
Insider Transactions: Since May 24, 2016, the stock had 1 buying transaction, and 23 insider sales for $789,661 net activity. $56,994 worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Jain Anil. Ranade Prashant sold $146,514 worth of stock. $57,758 worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Garg Sanjay. 401 shares with value of $18,365 were sold by Save Rajesh on Monday, August 22. Raj V S sold $18,305 worth of stock. Reddy Murlidhar sold $11,617 worth of stock or 267 shares. 185 shares with value of $8,445 were sold by TANDON RAJIV on Monday, August 22.
The stock increased 2.84% or $0.55 during the last trading session, hitting $19.94. About 1.02M shares traded hands or 13.78% up from the average. Syntel, Inc. (NASDAQ:SYNT) has declined 53.20% since April 21, 2016 and is downtrending. It has underperformed by 58.53% the S&P500.
Syntel, Inc. is a global provider of digital transformation, information technology and knowledge process outsourcing services. The company has a market cap of $1.66 billion. The Firm operates through five divisions: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry. It currently has negative earnings.
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.”
More recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Streetinsider.com which released: “Syntel, Inc. (SYNT) CEO Rakesh Resigns; Interim CEO Named” on November 04, 2016. Also Streetinsider.com published the news titled: “Syntel, Inc. (SYNT) Tops Q3 EPS by 1c, Revenue Comes in Light” on October 20, 2016. Nasdaq.com‘s news article titled: “Syntel, Inc. (SYNT) Ex-Dividend Date Scheduled for October 04, 2016” with publication date: October 03, 2016 was also an interesting one.
Syntel, Inc. (Syntel), incorporated on April 15, 1980, is a global well-known provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Firm operates through five divisions: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom. The Firm offers its services and products under the Syntel brand.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.