Syntel Inc. (NASDAQ:SYNT)’s share price was down 3.3% during trading on Friday . The company traded as low as $45.95 and last traded at $46.05, with a volume of 280,124 shares traded. The stock had previously closed at $47.64.

A number of equities analysts recently commented on SYNT shares. Robert W. Baird downgraded shares of Syntel from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $56.00 to $54.00 in a research note on Monday, April 18th. Cantor Fitzgerald reiterated a “hold” rating on shares of Syntel in a research note on Thursday, April 21st. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price (down previously from $52.00) on shares of Syntel in a research note on Friday, April 22nd. Maxim Group lowered their target price on shares of Syntel from $56.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, April 22nd. Finally, Zacks Investment Research downgraded shares of Syntel from a “hold” rating to a “sell” rating in a research note on Saturday, April 23rd. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $49.57.

The company’s 50 day moving average price is $45.73 and its 200 day moving average price is $45.53. The firm has a market capitalization of $3.88 billion and a price-to-earnings ratio of 14.65.

Syntel (NASDAQ:SYNT) last issued its earnings results on Thursday, April 21st. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.03. The firm had revenue of $241.40 million for the quarter, compared to analyst estimates of $245.64 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts anticipate that Syntel Inc. will post $2.69 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the stock. Oxford Asset Management raised 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 during the last quarter. New York State Common Retirement Fund raised its position in shares of Syntel by 8.7% in the fourth quarter. New York State Common Retirement Fund now owns 31,100 shares of the company’s stock valued at $1,407,000 after buying an additional 2,500 shares in the last quarter. Boston Partners bought a new position in shares of Syntel during the fourth quarter valued at $2,152,000. California State Teachers Retirement System raised its position in shares of Syntel by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 58,115 shares of the company’s stock valued at $2,630,000 after buying an additional 900 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Syntel by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 84,500 shares of the company’s stock valued at $3,824,000 after buying an additional 700 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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