Syntel Inc. (NASDAQ:SYNT) traded up 1.9% on Monday . The stock traded as high as $44.82 and last traded at $44.68, with a volume of 113,725 shares trading hands. The stock had previously closed at $43.83.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Syntel from a “hold” rating to a “sell” rating in a research note on Saturday. Robert W. Baird downgraded shares of Syntel from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $56.00 to $54.00 in a research note on Monday, April 18th. Cantor Fitzgerald reissued a “hold” rating and issued a $43.00 target price on shares of Syntel in a research note on Wednesday, July 6th. Jefferies Group reissued a “hold” rating on shares of Syntel in a research note on Saturday, May 14th. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $47.00 target price on shares of Syntel in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.71.

The company has a market cap of $3.79 billion and a P/E ratio of 14.40. The company has a 50-day moving average of $45.61 and a 200-day moving average of $45.52.

Syntel (NASDAQ:SYNT) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. During the same quarter in the prior year, the firm earned $0.72 EPS. The company had revenue of $246 million for the quarter, compared to analyst estimates of $249.12 million. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts forecast that Syntel Inc. will post $2.64 earnings per share for the current fiscal year.

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

A number of hedge funds and institutional investors have made changes to their positions in the company. 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 worth $2,630,000 after buying an additional 900 shares during the period. 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 worth $3,824,000 after buying an additional 700 shares during the period. Wells Fargo & Company MN raised 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 worth $23,110,000 after buying an additional 40,879 shares during the period. 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 worth $1,407,000 after buying an additional 2,500 shares during the period. Finally, Schroder Investment Management Group raised 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 worth $36,464,000 after buying an additional 248,767 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.

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