Is Syntel, Inc.’s Fuel For Real? The Stock Was Bought By Option Traders

 Is Syntel, Inc.'s Fuel For Real? The Stock Was Bought By Option Traders

In today’s session Syntel, Inc. (SYNT) registered an unusually high (501) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SYNT increase. With 501 contracts traded and 6144 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SYNT161118C00030000 closed last at: $0.4 or 33.3% down. About 427,053 shares traded hands. Syntel, Inc. (NASDAQ:SYNT) has declined 40.88% since March 8, 2016 and is downtrending. It has underperformed by 50.20% the S&P500.

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on October, 19. They expect $0.65 earnings per share, down 29.35% or $0.27 from last year’s $0.92 per share. SYNT’s profit will be $55.18M for 10.06 P/E if the $0.65 EPS becomes a reality. After $0.70 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage

Out of 8 analysts covering Syntel Inc. (NASDAQ:SYNT), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $58 is the highest target while $28 is the lowest. The $35.50 average target is 35.76% above today’s ($26.15) stock price. Syntel Inc. has been the topic of 15 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Robert W. Baird maintained it with “Neutral” rating and $35 target price in Wednesday, October 5 report. SunTrust maintained it with “Buy” rating and $32 target price in Wednesday, October 5 report. The rating was downgraded by Maxim Group to “Hold” on Friday, July 15. The firm earned “Buy” rating on Thursday, September 10 by Suntrust Robinson. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Outperform” rating given on Thursday, August 20 by Robert W. Baird. The stock has “Market Perform” rating given by Wells Fargo on Friday, February 19. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Wednesday, February 3 by Maxim Group. The stock has “Neutral” rating given by Robert W. Baird on Monday, April 18. The firm earned “Hold” rating on Tuesday, October 4 by Maxim Group. Cantor Fitzgerald initiated the stock with “Hold” rating in Friday, October 16 report.

According to Zacks Investment Research, “Syntel is a worldwide provider of advanced technology services to Fortune 1000 companies, as well as to government entities. Their service offerings are grouped into three segments: e-Business, Application Outsourcing, and Teamsourcing. E-Business consists of practice areas in Web Solutions, Customer Relationship Management, Data Warehousing/Business Intelligence, and Enterprise Application Outsourcing services.”

Insitutional Activity: The institutional sentiment increased to 1.1 in 2016 Q2. Its up 0.22, from 0.88 in 2016Q1. The ratio increased, as 27 funds sold all Syntel, Inc. shares owned while 55 reduced positions. 24 funds bought stakes while 66 increased positions. They now own 28.31 million shares or 0.38% less from 28.42 million shares in 2016Q1.
Alyeska Inv Gru Limited Partnership holds 241,909 shares or 0.11% of its portfolio. Sei Invs holds 0% or 233 shares in its portfolio. The New Jersey-based Jacobs Levy Equity Mngmt Inc has invested 0.03% in Syntel, Inc. (NASDAQ:SYNT). State Board Of Administration Of Florida Retirement Sys has invested 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Vanguard Gru Inc holds 2.45M shares or 0.01% of its portfolio. Bbva Compass Bankshares last reported 27,744 shares in the company. Moreover, Bryn Mawr Tru Communication has 0.28% invested in Syntel, Inc. (NASDAQ:SYNT) for 99,005 shares. Parametric Port Assoc Lc has 25,757 shares for 0% of their US portfolio. Callahan Advsrs Limited Liability Company last reported 12,320 shares in the company. Hsbc Pcl last reported 0% of its portfolio in the stock. Guggenheim Cap Limited Liability Corporation holds 0% or 20,124 shares in its portfolio. Neuberger Berman Gp Ltd Liability accumulated 11,985 shares or 0% of the stock. Rocky Mountain Advisers Limited Liability Com last reported 0.01% of its portfolio in the stock. Citigroup accumulated 0% or 107,511 shares. Retail Bank Of New York Mellon has invested 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT).

Insider Transactions: Since April 26, 2016, the stock had 0 insider buys, and 24 sales for $2.65 million net activity. Reddy Murlidhar had sold 490 shares worth $22,763 on Wednesday, August 24. Another trade for 943 shares valued at $43,183 was sold by Salelkar Avinash. $16,419 worth of shares were sold by Raj V S on Monday, August 29. 3,200 shares with value of $134,420 were sold by Ranade Prashant on Thursday, September 15. 10,000 shares were sold by Rakesh Nitin, worth $427,705 on Monday, May 2. 401 shares were sold by Save Rajesh, worth $18,365. Shares for $57,758 were sold by Garg Sanjay.

Syntel, Inc. is a global provider of digital transformation, information technology and knowledge process outsourcing services. The company has a market cap of $2.22 billion. The Firm operates through five divisions: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry. It has a 8.35 P/E ratio.

SYNT Company Profile

Syntel, Inc. (Syntel), incorporated on April 15, 1980, is a global well-known provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Firm operates through five divisions: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom. The Firm offers its services and products under the Syntel brand.

Another recent and important Syntel, Inc. (NASDAQ:SYNT) news was published by Nasdaq.com which published an article titled: “Syntel, Inc. (SYNT) Ex-Dividend Date Scheduled for October 04, 2016” on October 03, 2016.

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