Insider Selling: Syntel SVP Unloads 1,125 Shares of Stock (SYNT)
Syntel (NASDAQ:SYNT) SVP Anil Jain sold 1,125 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $89.16, for a total value of $100,305.00. Following the completion of the transaction, the senior vice president now directly owns 8,845 shares in the company, valued at approximately $788,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Syntel (NASDAQ:SYNT) traded up 0.59% on Monday, hitting $89.70. 76,890 shares of the company’s stock traded hands. Syntel has a one year low of $71.55 and a one year 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 P/E ratio of 15.38.
Syntel (NASDAQ:SYNT) last announced its earnings results on Thursday, July 17th. The company reported $1.41 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.14 earnings per share. Syntel’s revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Syntel will post $5.62 earnings per share for the current fiscal year.
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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $89.80.
Syntel, Inc is a provider of information technology (NASDAQ:SYNT) and knowledge process outsourcing (KPO) services to Global 2000 companies.
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