Shares of Syntel Inc. (NASDAQ:SYNT) saw strong trading volume on Friday . 515,252 shares traded hands 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.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Syntel from a “hold” rating to a “sell” rating in a research report on Saturday, April 23rd. Robert W. Baird cut shares of Syntel from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $56.00 to $54.00 in a research report on Monday, April 18th. Cantor Fitzgerald reissued a “hold” rating and set a $43.00 price target on shares of Syntel in a research report on Wednesday. Jefferies Group reissued a “hold” rating on shares of Syntel in a research report on Saturday, May 14th. Finally, Maxim Group reduced their price target on shares of Syntel from $56.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, April 22nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $49.57.

The company has a 50 day moving average price of $45.26 and a 200 day moving average price of $45.46. The company has a market cap of $3.95 billion and a price-to-earnings ratio of 14.94.

Syntel (NASDAQ:SYNT) last announced its quarterly 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. During the same period in the prior year, the business posted $0.48 EPS. The business had revenue of $241.40 million for the quarter, compared to analysts’ expectations of $245.64 million. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts predict that Syntel Inc. will post $2.69 EPS for the current year.

In other Syntel news, Vice Chairman Prashant Ranade sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $43.22, for a total value of $432,200.00. Following the completion of the transaction, the insider now directly owns 95,000 shares in the company, valued at approximately $4,105,900. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

A number of institutional investors have made changes to their positions in the stock. Schroder Investment Management Group boosted its position in shares of Syntel by 44.7% in the fourth quarter. Schroder Investment Management Group now owns 805,835 shares of the company’s stock valued at $36,464,000 after buying an additional 248,767 shares during the period. Boston Partners acquired a new position in shares of Syntel during the fourth quarter valued at about $2,152,000. Aberdeen Asset Management PLC UK boosted its position in shares of Syntel by 23.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 247,800 shares of the company’s stock valued at $11,778,000 after buying an additional 46,700 shares during the period. Wells Fargo & Company MN boosted its position in shares of Syntel by 8.7% in the fourth quarter. Wells Fargo & Company MN now owns 510,737 shares of the company’s stock valued at $23,110,000 after buying an additional 40,879 shares during the period. Finally, Oxford Asset Management boosted its position in shares of Syntel by 92.4% in the fourth quarter. Oxford Asset Management now owns 28,283 shares of the company’s stock valued at $1,307,000 after buying an additional 13,584 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.