Syntel Inc. (NASDAQ:SYNT) saw an uptick in trading volume on Friday . 515,252 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 287,946 shares.The stock last traded at $47.06 and had previously closed at $45.79.

Several research firms have recently weighed in on SYNT. Cantor Fitzgerald restated a “hold” rating and issued a $43.00 target price on shares of Syntel in a research report on Wednesday. Zacks Investment Research upgraded Syntel from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Robert W. Baird restated a “hold” rating on shares of Syntel in a research report on Monday, May 16th. Jefferies Group restated a “hold” rating on shares of Syntel in a research report on Saturday, May 14th. Finally, Maxim Group reduced their price objective on Syntel from $56.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, April 22nd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $49.57.

The company’s 50 day moving average price is $45.26 and its 200-day moving average price is $45.46. The firm has a market cap of $3.95 billion and a P/E ratio of 14.94.

Syntel (NASDAQ:SYNT) last released its earnings results on Thursday, April 21st. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business earned $241.40 million during the quarter, compared to the consensus estimate of $245.64 million. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 EPS. Analysts expect that Syntel Inc. will post $2.69 EPS for the current fiscal year.

In related news, Vice Chairman Prashant Ranade sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $43.90, for a total value of $658,500.00. Following the sale, the insider now owns 80,000 shares in the company, valued at approximately $3,512,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nitin Rakesh sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $42.77, for a total value of $427,700.00. Following the completion of the sale, the chief executive officer now owns 51,350 shares in the company, valued at approximately $2,196,239.50. The disclosure for this sale can be found here.

Other large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in Syntel by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 58,115 shares of the company’s stock worth $2,630,000 after buying an additional 900 shares in the last quarter. California Public Employees Retirement System boosted its stake in Syntel by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 84,500 shares of the company’s stock worth $3,824,000 after buying an additional 700 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Syntel by 8.7% in the fourth quarter. Wells Fargo & Company MN now owns 510,737 shares of the company’s stock worth $23,110,000 after buying an additional 40,879 shares in the last quarter. Oxford Asset Management boosted its stake in Syntel by 92.4% in the fourth quarter. Oxford Asset Management now owns 28,283 shares of the company’s stock worth $1,307,000 after buying an additional 13,584 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Syntel by 8.7% in the fourth quarter. New York State Common Retirement Fund now owns 31,100 shares of the company’s stock worth $1,407,000 after buying an additional 2,500 shares in the last quarter.

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

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