Syntel Insider Daniel M. Moore Sells 1,375 Shares (SYNT)
Syntel (NASDAQ:SYNT) Insider Daniel M. Moore sold 1,375 shares of Syntel stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $89.16, for a total transaction of $122,595.00. Following the completion of the transaction, the insider now directly owns 5,676 shares in the company, valued at approximately $506,072. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average 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. 76,890 shares of the company’s stock traded hands. 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 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. 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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