Syntel, Inc. (NASDAQ:SYNT) insider Anil Jain sold 485 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $25.63, for a total value of $12,430.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Syntel, Inc. (SYNT) traded down $0.22 during midday trading on Tuesday, hitting $25.21. The company had a trading volume of 459,790 shares, compared to its average volume of 521,884. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07. Syntel, Inc. has a 52-week low of $15.82 and a 52-week high of $25.81. The stock has a market capitalization of $2,100.35, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.35 and a beta of 1.12.

Syntel (NASDAQ:SYNT) last announced its quarterly earnings data on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.17. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The company had revenue of $231.34 million for the quarter. During the same period in the prior year, the firm posted $0.63 EPS. Syntel’s revenue for the quarter was down 4.1% compared to the same quarter last year. equities analysts forecast that Syntel, Inc. will post 1.87 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in Syntel by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 43,880 shares of the information technology services provider’s stock valued at $744,000 after purchasing an additional 553 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Syntel by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,574 shares of the information technology services provider’s stock valued at $468,000 after purchasing an additional 683 shares in the last quarter. Legal & General Group Plc boosted its holdings in Syntel by 8.0% in the 2nd quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock valued at $202,000 after purchasing an additional 881 shares in the last quarter. BRYN MAWR TRUST Co boosted its holdings in Syntel by 0.9% in the 2nd quarter. BRYN MAWR TRUST Co now owns 110,661 shares of the information technology services provider’s stock valued at $1,877,000 after purchasing an additional 987 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Syntel by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 2,054 shares in the last quarter. 36.61% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on SYNT. Zacks Investment Research raised Syntel from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, August 18th. TheStreet raised Syntel from a “d+” rating to a “c” rating in a report on Tuesday, October 17th. SunTrust Banks reissued a “hold” rating and set a $20.00 price target on shares of Syntel in a report on Tuesday, October 17th. Cowen reissued a “hold” rating and set a $18.00 price target on shares of Syntel in a report on Tuesday, August 22nd. Finally, Loop Capital reissued a “buy” rating and set a $28.00 price target on shares of Syntel in a report on Wednesday, October 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Syntel presently has an average rating of “Hold” and a consensus price target of $23.10.

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About Syntel

Syntel, Inc (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom.

Insider Buying and Selling by Quarter for Syntel (NASDAQ:SYNT)

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