Syntel, Inc. (SYNT) VP Ben Andradi Sells 771 Shares
Syntel, Inc. (NASDAQ:SYNT) VP Ben Andradi sold 771 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $25.63, for a total transaction of $19,760.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ben Andradi also recently made the following trade(s):
- On Tuesday, November 28th, Ben Andradi sold 508 shares of Syntel stock. The shares were sold at an average price of $25.68, for a total transaction of $13,045.44.
- On Thursday, October 26th, Ben Andradi sold 176 shares of Syntel stock. The shares were sold at an average price of $23.33, for a total transaction of $4,106.08.
- On Friday, October 20th, Ben Andradi sold 649 shares of Syntel stock. The shares were sold at an average price of $24.00, for a total transaction of $15,576.00.
Shares of Syntel, Inc. (SYNT) traded down $0.22 during trading hours on Tuesday, hitting $25.21. 459,790 shares of the stock traded hands, compared to its average volume of 521,884. Syntel, Inc. has a 12 month low of $15.82 and a 12 month high of $25.81. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $2,100.35, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Syntel from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, August 18th. TheStreet upgraded shares of Syntel from a “d+” rating to a “c” rating in a research report on Tuesday, October 17th. SunTrust Banks restated a “hold” rating and issued a $20.00 price objective on shares of Syntel in a research report on Tuesday, October 17th. Cowen restated a “hold” rating and issued a $18.00 price objective on shares of Syntel in a research report on Tuesday, August 22nd. Finally, Loop Capital restated a “buy” rating and issued a $28.00 price objective on shares of Syntel in a research 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 assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.10.
Large investors have recently modified their holdings of the company. Group One Trading L.P. grew its position in shares of Syntel by 52.2% during the 3rd quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock worth $143,000 after buying an additional 2,498 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in shares of Syntel during the 2nd quarter worth approximately $181,000. PEAK6 Investments L.P. acquired a new stake in shares of Syntel during the 3rd quarter worth approximately $223,000. Legal & General Group Plc grew its position in shares of Syntel by 8.0% during the 2nd quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock worth $202,000 after buying an additional 881 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Syntel during the third quarter valued at approximately $283,000. Institutional investors own 36.61% of the company’s stock.
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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.
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