50,583 Shares in Syntel, Inc. (SYNT) Acquired by Sensato Investors LLC
Sensato Investors LLC purchased a new stake in Syntel, Inc. (NASDAQ:SYNT) during the 4th quarter, Holdings Channel reports. The fund purchased 50,583 shares of the information technology services provider’s stock, valued at approximately $1,163,000.
Other institutional investors have also made changes to their positions in the company. Group One Trading L.P. increased its holdings in Syntel by 52.2% in the 3rd quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 2,498 shares during the period. SG Americas Securities LLC acquired a new position in Syntel during the 4th quarter worth about $144,000. Comerica Bank acquired a new position in Syntel during the 4th quarter worth about $213,000. Quantitative Systematic Strategies LLC acquired a new position in Syntel during the 4th quarter worth about $221,000. Finally, PEAK6 Investments L.P. acquired a new position in Syntel during the 3rd quarter worth about $223,000. 40.43% of the stock is currently owned by hedge funds and other institutional investors.
Syntel, Inc. (NASDAQ:SYNT) opened at $27.33 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of -25.89. Syntel, Inc. has a 52-week low of $15.82 and a 52-week high of $27.72. The stock has a market cap of $2,274.07, a PE ratio of 13.50, a price-to-earnings-growth ratio of 1.97 and a beta of 0.76.
In other Syntel news, Chairman Prashant Ranade sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $27.18, for a total transaction of $1,359,000.00. Following the transaction, the chairman now directly owns 257,933 shares in the company, valued at approximately $7,010,618.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Moore sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.69, for a total transaction of $53,380.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,833 shares of company stock worth $1,461,209. Corporate insiders own 61.10% of the company’s stock.
Several research analysts recently issued reports on SYNT shares. Zacks Investment Research upgraded shares of Syntel from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Robert W. Baird reiterated a “hold” rating and set a $24.00 price target on shares of Syntel in a research report on Thursday, December 21st. ValuEngine upgraded shares of Syntel from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 17th. BidaskClub downgraded shares of Syntel from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Wells Fargo & Co downgraded shares of Syntel from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $24.16 to $21.00 in a research report on Friday, December 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.00.
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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