The stock of Syntel, Inc. (NASDAQ:SYNT) hit a new 52-week low and has $17.73 target or 5.00% below today’s $18.66 share price. The 8 months bearish chart indicates high risk for the $1.52 billion company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $17.73 price target is reached, the company will be worth $76.00 million 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 528,184 shares traded hands. Syntel, Inc. (NASDAQ:SYNT) has declined 61.16% since April 7, 2016 and is downtrending. It has underperformed by 65.94% 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. The firm earned “Hold” rating on Friday, July 15 by Maxim Group. The rating was upgraded by JP Morgan on Monday, January 11 to “Neutral”. On Thursday, September 22 the stock rating was downgraded by Barrington Research to “Mkt Perform”. Cantor Fitzgerald initiated the stock with “Hold” rating in Friday, October 16 report. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Hold” rating by Maxim Group on Tuesday, October 4. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Buy” rating by Suntrust Robinson on Thursday, September 10. The rating was initiated by SunTrust with “Buy” on Thursday, September 10. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, February 19 report. Robert W. Baird maintained the stock with “Neutral” rating in Tuesday, September 13 report. On Thursday, August 20 the stock rating was upgraded by Robert W. Baird to “Outperform”.
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.
Aperio Gru Ltd Liability Company reported 6,013 shares or 0% of all its holdings. Fort Limited Partnership holds 0.84% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 45,220 shares. Ameriprise holds 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 20,856 shares. Ubs Asset Mngmt Americas Inc owns 14,100 shares or 0% of their US portfolio. Principal Finance Group Incorporated has invested 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Fincl Bank Of New York Mellon Corporation has 228,386 shares for 0% of their US portfolio. Ahl Prtnrs Limited Liability Partnership last reported 0.17% of its portfolio in the stock. Moreover, Prudential has 0.01% invested in Syntel, Inc. (NASDAQ:SYNT) for 143,784 shares. Washington Tru Financial Bank owns 47 shares or 0% of their US portfolio. Wells Fargo & Mn holds 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 503,638 shares. Lpl Limited Liability holds 0% or 5,507 shares in its portfolio. Loomis Sayles And Ltd Partnership accumulated 0% or 139 shares. State Board Of Administration Of Florida Retirement System last reported 0% of its portfolio in the stock. The Pennsylvania-based Sei Investments has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Moreover, Hutchin Hill Ltd Partnership has 0.04% invested in Syntel, Inc. (NASDAQ:SYNT) for 25,500 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 24 selling transactions for $1.84 million net activity. Shares for $69,843 were sold by Ranade Prashant on Friday, August 26. $14,872 worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Save Rajesh on Monday, August 29. 718 Syntel, Inc. (NASDAQ:SYNT) shares with value of $30,653 were sold by Ray Raja. Raj V S also sold $18,305 worth of Syntel, Inc. (NASDAQ:SYNT) on Monday, August 22. The insider Reddy Murlidhar sold $11,617. Jain Anil had sold 750 shares worth $32,007. Garg Sanjay sold $57,758 worth of Syntel, Inc. (NASDAQ:SYNT) on Thursday, September 15.
More recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Streetinsider.com which released: “Syntel, Inc. (SYNT) CEO Rakesh Resigns; Interim CEO Named” on November 04, 2016. Also Streetinsider.com published the news titled: “Syntel, Inc. (SYNT) Tops Q3 EPS by 1c, Revenue Comes in Light” on October 20, 2016. Equitiesfocus.com‘s news article titled: “Syntel, Inc. (NASDAQ:SYNT) Short-Term Price Target At $24.75” with publication date: November 09, 2016 was also an interesting one.
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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