The stock of Syntel, Inc. (NASDAQ:SYNT) hit a new 52-week low and has $18.19 target or 9.00% below today’s $19.99 share price. The 7 months bearish chart indicates high risk for the $1.66B company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $18.19 price target is reached, the company will be worth $149.40M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 257,139 shares traded hands. Syntel, Inc. (NASDAQ:SYNT) has declined 59.77% since March 29, 2016 and is downtrending. It has underperformed by 63.25% the S&P500.
Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage
Out of 9 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 11% are positive. Syntel Inc. has been the topic of 18 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Monday, January 11, the company rating was upgraded by JP Morgan. On Monday, October 24 the stock rating was downgraded by SunTrust to “Hold”. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Mkt Perform” rating by Barrington Research on Thursday, September 22. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Neutral” rating given on Wednesday, October 5 by Robert W. Baird. The firm earned “Neutral” rating on Tuesday, September 13 by Robert W. Baird. As per Friday, February 19, the company rating was downgraded by Wells Fargo. The stock has “Buy” rating given by Maxim Group on Wednesday, February 3. Suntrust Robinson initiated Syntel, Inc. (NASDAQ:SYNT) on Thursday, September 10 with “Buy” rating. Robert W. Baird upgraded Syntel, Inc. (NASDAQ:SYNT) on Thursday, August 20 to “Outperform” rating. The firm has “Hold” rating given on Tuesday, October 4 by Maxim Group.
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 Q2 2016. 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.
Sensato Invsts Ltd Limited Liability Company, a California-based fund reported 395,708 shares. Clinton Gp Incorporated last reported 0.01% of its portfolio in the stock. Tiaa Cref Invest Mngmt Limited Company holds 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 172,848 shares. Blackrock Inv Management Ltd Llc last reported 0.01% of its portfolio in the stock. Teachers Advisors Incorporated holds 0% or 59,305 shares in its portfolio. Loomis Sayles Lp last reported 0% of its portfolio in the stock. The Texas-based Wfg Lp has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Huntington National Bank & Trust reported 3,136 shares or 0% of all its holdings. Voya Invest Ltd Liability accumulated 13,972 shares or 0% of the stock. Royal Financial Bank Of Canada owns 9,155 shares or 0% of their US portfolio. Hartline last reported 20,485 shares in the company. Stifel Finance holds 23,350 shares or 0% of its portfolio. Guggenheim Cap Ltd Com, a Illinois-based fund reported 20,124 shares. The New York-based Blackrock has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Metropolitan Life Ins Co Ny holds 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 22,284 shares.
Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 24 sales for $1.84 million net activity. On Wednesday, October 26 the insider Mason Christopher sold $10,274. The insider Save Rajesh sold $14,872. Another trade for 3,200 shares valued at $134,420 was made by Ranade Prashant on Thursday, September 15. Salelkar Avinash had sold 5,000 shares worth $217,773. On Monday, May 2 the insider Rakesh Nitin sold $427,705. On Thursday, September 15 the insider Garg Sanjay sold $57,758. Reddy Murlidhar sold $11,617 worth of stock or 267 shares.
More news for Syntel, Inc. (NASDAQ:SYNT) were recently published by: Streetinsider.com, which released: “Syntel, Inc. (SYNT) Tops Q3 EPS by 1c, Revenue Comes in Light” on October 20, 2016. Nasdaq.com‘s article titled: “Syntel, Inc. (SYNT) Ex-Dividend Date Scheduled for October 04, 2016” and published on October 03, 2016 is yet another important article.
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.
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