November 29, 2016 - By whatsonthorold
Vinod Sahney, an insider of Syntel Inc, currently director a few days ago disclosed a new transaction with the Washington-based Security and Exchange Commission. As announced in the document, Vinod Sahney purchased 2,500 shares of the public company, priced at $19.4 per share. $48,525 USD was the transaction’s value. The SEC document’s date was November 29, 2016. Vinod Sahney at the moment holds 0.01% of the Company’s total market capitalization with ownership of 7,923 shares.
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 74.23% above today’s ($19.4) stock price. Syntel Inc. has been the topic of 18 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Barrington Research downgraded the stock to “Mkt Perform” rating in Thursday, September 22 report. The rating was upgraded by JP Morgan on Monday, January 11 to “Neutral”. On Monday, October 24 the stock rating was downgraded by SunTrust to “Hold”. Robert W. Baird maintained the shares of SYNT in a report on Wednesday, October 5 with “Neutral” rating. Robert W. Baird downgraded the shares of SYNT in a report on Monday, April 18 to “Neutral” rating. Maxim Group downgraded it to “Hold” rating and $48 target price in Friday, July 15 report. SunTrust initiated the stock with “Buy” rating in Thursday, September 10 report. The stock has “Hold” rating given by Suntrust Robinson on Monday, October 24. As per Thursday, August 20, the company rating was upgraded by Robert W. Baird. Maxim Group maintained it with “Hold” rating and $28 target price in Tuesday, October 4 report.
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.
Manufacturers Life The has 23,198 shares for 0% of their US portfolio. Legal General Group Inc Public Limited Com last reported 8,321 shares in the company. Neuberger Berman Ltd Com holds 0% or 11,985 shares in its portfolio. Ahl Prtnrs Limited Liability Partnership owns 67,578 shares or 0.17% of their US portfolio. Moreover, Aperio Limited Liability Co has 0% invested in Syntel, Inc. (NASDAQ:SYNT) for 6,013 shares. Allianz Asset Mngmt Ag has 0% invested in the company for 18,986 shares. Rhumbline Advisers reported 43,789 shares or 0.01% of all its holdings. Snyder Capital Mngmt L P last reported 542,927 shares in the company. Strs Ohio holds 0% or 6,000 shares in its portfolio. Century Inc holds 46,217 shares or 0% of its portfolio. Raymond James And Associate has 0% invested in the company for 7,955 shares. Loomis Sayles & Co L P holds 0% or 139 shares in its portfolio. Barclays Public Limited Com owns 7 shares or 0% of their US portfolio. American Tx last reported 11,290 shares in the company. Fiera Cap holds 0.02% or 74,786 shares in its portfolio.
Insider Transactions: Since August 22, 2016, the stock had 2 insider buys, and 23 sales for $731,330 net activity. The insider Raj V S sold 355 shares worth $16,419. Another trade for 718 shares valued at $30,653 was sold by Ray Raja. On Monday, August 29 Jain Anil sold $57,697 worth of the stock or 1,250 shares. The insider Reddy Murlidhar sold $11,617. 1,500 shares were sold by Ranade Prashant, worth $69,843. $73,511 worth of shares were sold by Rakesh Nitin on Thursday, September 15. On Monday, August 22 Salelkar Avinash sold $43,183 worth of the stock or 943 shares.
The stock decreased 1.57% or $0.31 during the last trading session, hitting $19.4. About 480,544 shares traded hands. Syntel, Inc. (NASDAQ:SYNT) has declined 54.14% since April 26, 2016 and is downtrending. It has underperformed by 59.40% 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 $1.59 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.”
Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on February, 16. They expect $0.55 earnings per share, down 37.50% or $0.33 from last year’s $0.88 per share. SYNT’s profit will be $45.08M for 8.82 P/E if the $0.55 EPS becomes a reality. After $0.63 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -12.70% negative EPS growth.
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: “Form 4 SYNTEL INC For: Nov 23 Filed by: Khanna Rakesh” on November 29, 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.
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