Sensato Investors LLC purchased a new position in shares of Syntel, Inc. (NASDAQ:SYNT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,583 shares of the information technology services provider’s stock, valued at approximately $1,163,000. Sensato Investors LLC owned approximately 0.06% of Syntel at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Syntel in the 4th quarter worth approximately $144,000. Group One Trading L.P. grew its stake in shares of Syntel by 52.2% in 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 purchasing an additional 2,498 shares during the last quarter. Comerica Bank acquired a new position in shares of Syntel in the 4th quarter worth approximately $213,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Syntel in the 4th quarter worth approximately $221,000. Finally, Koch Industries Inc. acquired a new position in shares of Syntel in the 4th quarter worth approximately $234,000. Institutional investors own 40.43% of the company’s stock.
SYNT has been the topic of several recent research reports. JPMorgan Chase & Co. cut shares of Syntel from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. BidaskClub cut shares of Syntel from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research cut shares of Syntel from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Needham & Company LLC cut shares of Syntel from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Syntel in a research note on Thursday, December 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Syntel presently has an average rating of “Hold” and a consensus price target of $23.00.
Syntel, Inc. (NASDAQ SYNT) opened at $27.33 on Wednesday. The firm has a market cap of $2,274.07, a P/E ratio of 13.50, a PEG ratio of 1.97 and a beta of 0.76. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of -25.89. Syntel, Inc. has a 1 year low of $15.82 and a 1 year high of $27.72.
Syntel (NASDAQ:SYNT) last released its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23. The business had revenue of $239.81 million for the quarter. Syntel had a net margin of 18.00% and a negative return on equity of 218.07%. The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. research analysts predict that Syntel, Inc. will post 1.86 EPS for the current year.
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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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