Syntel, Inc. (SYNT) VP Ben Andradi Sells 508 Shares
Syntel, Inc. (NASDAQ:SYNT) VP Ben Andradi sold 508 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $25.68, for a total value of $13,045.44. Following the completion of the sale, the vice president now owns 11,696 shares in the company, valued at approximately $300,353.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Ben Andradi also recently made the following trade(s):
- On Thursday, October 26th, Ben Andradi sold 176 shares of Syntel stock. The stock was sold at an average price of $23.33, for a total value of $4,106.08.
- On Friday, October 20th, Ben Andradi sold 649 shares of Syntel stock. The stock was sold at an average price of $24.00, for a total value of $15,576.00.
Shares of Syntel, Inc. (SYNT) traded up $0.35 during trading hours on Tuesday, reaching $25.59. The company’s stock had a trading volume of 220,318 shares, compared to its average volume of 524,000. The firm has a market cap of $2,086.26, a PE ratio of 12.72, a PEG ratio of 1.35 and a beta of 1.09. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel, Inc. has a 52-week low of $15.82 and a 52-week high of $25.80.
Syntel (NASDAQ:SYNT) last announced its earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.17. The firm had revenue of $231.34 million for the quarter. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. Syntel’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. equities analysts anticipate that Syntel, Inc. will post 1.87 EPS for the current year.
A number of large investors have recently made changes to their positions in SYNT. Group One Trading L.P. boosted its holdings in shares of Syntel by 52.2% during the third quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock worth $143,000 after purchasing an additional 2,498 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Syntel during the second quarter worth $181,000. PEAK6 Investments L.P. acquired a new stake in shares of Syntel during the third quarter worth $223,000. Legal & General Group Plc boosted its holdings in shares of Syntel by 8.0% during the second quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock worth $202,000 after purchasing an additional 881 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its holdings in shares of Syntel by 4.2% during the second quarter. Eqis Capital Management Inc. now owns 12,774 shares of the information technology services provider’s stock worth $217,000 after purchasing an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 36.54% of the company’s stock.
A number of equities research analysts recently weighed in on the company. William Blair upgraded Syntel from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 17th. SunTrust Banks restated a “hold” rating and issued a $20.00 price target on shares of Syntel in a report on Tuesday, October 17th. Loop Capital restated a “buy” rating and issued a $28.00 price target on shares of Syntel in a report on Wednesday, October 18th. They noted that the move was a valuation call. Robert W. Baird reiterated a “hold” rating and set a $20.00 target price on shares of Syntel in a report on Wednesday, October 4th. Finally, Needham & Company LLC increased their target price on Syntel from $23.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $23.10.
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Syntel Company Profile
Syntel, Inc (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom.
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