Insider Selling: Syntel SVP Sells 1,625 Shares of Stock (SYNT)
Syntel (NASDAQ:SYNT) SVP Raja Ray sold 1,625 shares of the stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $89.96, for a total transaction of $146,185.00. Following the completion of the sale, the senior vice president now directly owns 4,625 shares in the company, valued at approximately $416,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Noble Financial raised their price target on shares of Syntel from $107.00 to $112.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.80.
Shares of Syntel (NASDAQ:SYNT) traded up 0.59% during mid-day trading on Monday, hitting $89.70. The stock had a trading volume of 77,388 shares. Syntel has a 52-week low of $71.55 and a 52-week high of $97.23. The stock has a 50-day moving average of $87.75 and a 200-day moving average of $86.02. The company has a market cap of $3.750 billion and a price-to-earnings ratio of 15.38.
Syntel (NASDAQ:SYNT) last released its earnings data on Thursday, July 17th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.19. The company had revenue of $228.30 million for the quarter, compared to the consensus estimate of $228.63 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Syntel will post $5.62 EPS for the current fiscal year.
Syntel, Inc is a provider of information technology (NASDAQ:SYNT) and knowledge process outsourcing (KPO) services to Global 2000 companies.
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