Stock On Watch: What’s Next for Syntel, Inc. After Today’s Big Decline?

Stock On Watch: What's Next for Syntel, Inc. After Today's Big Decline?

The stock of Syntel, Inc. (NASDAQ:SYNT) is a huge mover today! About 684,159 shares traded hands. Syntel, Inc. (NASDAQ:SYNT) has declined 61.00% since April 6, 2016 and is downtrending. It has underperformed by 62.95% the S&P500.
The move comes after 9 months negative chart setup for the $1.60 billion company. It was reported on Nov, 8 by Barchart.com. We have $17.23 PT which if reached, will make NASDAQ:SYNT worth $144.00 million less.

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. The firm earned “Hold” rating on Monday, October 24 by Suntrust Robinson. On Thursday, September 10 the stock rating was initiated by SunTrust with “Buy”. The rating was upgraded by Maxim Group on Wednesday, February 3 to “Buy”. The firm has “Hold” rating given on Tuesday, October 4 by Maxim Group. The company was upgraded on Thursday, August 20 by Robert W. Baird. As per Monday, October 24, the company rating was downgraded by SunTrust. The rating was downgraded by Maxim Group on Friday, July 15 to “Hold”. The company was downgraded on Monday, April 18 by Robert W. Baird. The stock has “Buy” rating given by Suntrust Robinson on Thursday, September 10. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Market Perform” rating by Wells Fargo on Friday, February 19.

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 is positive, 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.
New York State Common Retirement Fund reported 31,900 shares or 0% of all its holdings. The Maryland-based Adams Diversified Equity Fund has invested 0.02% in Syntel, Inc. (NASDAQ:SYNT). Punch And Assoc Inv has 93,003 shares for 0.49% of their US portfolio. Cubist Systematic Strategies Ltd Liability Com has 6,240 shares for 0.02% of their US portfolio. Manufacturers Life Insur Company The last reported 23,198 shares in the company. The Pennsylvania-based Brandywine Investment Mngmt has invested 0.09% in Syntel, Inc. (NASDAQ:SYNT). Pnc Fincl Grp has 37,212 shares for 0% of their US portfolio. Da Davidson & has invested 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Blackrock Advsrs Limited Liability Company accumulated 0% or 15,166 shares. Moreover, Bluecrest Limited has 0.04% invested in Syntel, Inc. (NASDAQ:SYNT) for 18,753 shares. Blackrock Group Inc Incorporated Limited holds 0% or 24,844 shares in its portfolio. Metropolitan Life Insurance Ny holds 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 22,284 shares. Dimensional Fund Advisors L P has 452,235 shares for 0.01% of their US portfolio. Us Bank De last reported 0% of its portfolio in the stock. American Intll Group Inc Inc last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 24 selling transactions for $1.84 million net activity. $57,697 worth of Syntel, Inc. (NASDAQ:SYNT) shares were sold by Jain Anil. Ranade Prashant sold $146,514 worth of stock. $18,365 worth of shares were sold by Save Rajesh on Monday, August 22. 943 shares were sold by Salelkar Avinash, worth $43,183. On Wednesday, October 26 the insider Mason Christopher sold $10,274. Another trade for 267 shares valued at $11,617 was sold by Raj V S. Ray Raja had sold 718 shares worth $30,653 on Wednesday, September 7.

More news for Syntel, Inc. (NASDAQ:SYNT) were recently published by: Streetinsider.com, which released: “Syntel, Inc. (SYNT) CEO Rakesh Resigns; Interim CEO Named” on November 04, 2016. Streetinsider.com‘s article titled: “Syntel, Inc. (SYNT) Appoints New CFO, CISO” and published on October 20, 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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