Gamco Investors INC. ET AL acquired a new position in shares of Syntel, Inc. (NASDAQ:SYNT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 243,950 shares of the information technology services provider’s stock, valued at approximately $9,997,000. Gamco Investors INC. ET AL owned approximately 0.29% of Syntel at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. CAPROCK Group Inc. bought a new stake in Syntel during the third quarter worth about $224,000. Teacher Retirement System of Texas bought a new stake in Syntel during the second quarter worth about $243,000. SP Asset Management bought a new stake in Syntel during the second quarter worth about $406,000. Country Club Trust Company n.a. bought a new stake in Syntel during the second quarter worth about $416,000. Finally, Paloma Partners Management Co bought a new stake in Syntel during the second quarter worth about $452,000. 40.78% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts recently commented on SYNT shares. BidaskClub lowered shares of Syntel from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 21st. Zacks Investment Research downgraded shares of Syntel from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Barrington Research reiterated a “hold” rating on shares of Syntel in a research note on Monday, July 23rd. Cantor Fitzgerald reiterated a “hold” rating and issued a $41.00 target price on shares of Syntel in a research note on Monday, July 23rd. Finally, Loop Capital downgraded shares of Syntel from a “buy” rating to a “hold” rating in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Syntel currently has an average rating of “Hold” and an average target price of $31.20.
Shares of NASDAQ SYNT opened at $40.99 on Friday. Syntel, Inc. has a 52-week low of $18.82 and a 52-week high of $41.06.
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Syntel, Inc provides digital transformation, information technology (IT), and knowledge process outsourcing (KPO) services worldwide. The company operates through Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics, and Telecom segments. It provides end-to-end, integrated application, and infrastructure management services; develops software applications; and offers legacy modernization services, such as software analysis, language conversion, reverse engineering, database migration, code optimization, cloud onboarding and migration, ecosystem migration, testing, and management.
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