Syntel Inc. (NASDAQ:SYNT)’s share price shot 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 brokerages have recently weighed in on SYNT. Zacks Investment Research cut Syntel from a “hold” rating to a “sell” rating in a research report on Saturday. Cantor Fitzgerald set a $43.00 price target on Syntel and gave the company a “hold” rating in a research report on Thursday, July 21st. Maxim Group reduced their price target on Syntel from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Thursday, July 21st. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $47.00 price target on shares of Syntel in a research report on Tuesday, July 19th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Syntel in a research report on Monday, May 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $48.71.

The firm has a market capitalization of $3.82 billion and a P/E ratio of 14.50. The stock’s 50 day moving average is $45.54 and its 200-day moving average is $45.56.

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

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

Several institutional investors have recently added to or reduced their stakes in SYNT. Schroder Investment Management Group boosted its position in 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 last quarter. Boston Partners purchased a new position in Syntel during the fourth quarter valued at $2,152,000. Aberdeen Asset Management PLC UK boosted its position in 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 last quarter. Wells Fargo & Company MN boosted its position in 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 last quarter. Finally, New York State Common Retirement Fund boosted its position 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 valued at $1,407,000 after buying an additional 2,500 shares during 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.

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.