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.

How to Become a New Pot Stock Millionaire

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.

Syntel (NASDAQ:SYNT) last released its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. Syntel had a net margin of 18.00% and a negative return on equity of 218.07%. The company had revenue of $239.81 million for the quarter. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. equities research analysts anticipate that Syntel, Inc. will post 1.86 earnings per share for the current year.

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.

COPYRIGHT VIOLATION WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2018/03/14/50583-shares-in-syntel-inc-synt-acquired-by-sensato-investors-llc.html.

About Syntel

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.

Want to see what other hedge funds are holding SYNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Syntel, Inc. (NASDAQ:SYNT).

Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

Receive News & Ratings for Syntel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntel and related companies with MarketBeat.com's FREE daily email newsletter.