Price Action Don’t Lie: Syntel, Inc. Can’t Be More Risky. Trades Sigfnicicantly Lower

Price Action Don't Lie: Syntel, Inc. Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of Syntel, Inc. (NASDAQ:SYNT) is a huge mover today! The stock decreased 3.67% or $0.74 during the last trading session, hitting $19.41. About 932,222 shares traded hands. Syntel, Inc. (NASDAQ:SYNT) has declined 58.84% since April 14, 2016 and is downtrending. It has underperformed by 63.52% the S&P500.
The move comes after 5 months negative chart setup for the $1.62B company. It was reported on Nov, 16 by Barchart.com. We have $17.86 PT which if reached, will make NASDAQ:SYNT worth $129.60 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 stock has “Hold” rating given by Maxim Group on Tuesday, October 4. On Thursday, September 10 the stock rating was initiated by SunTrust with “Buy”. The stock has “Buy” rating given by Maxim Group on Wednesday, February 3. The stock has “Neutral” rating given by JP Morgan on Monday, January 11. The firm has “Buy” rating given on Thursday, September 10 by Suntrust Robinson. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, February 19. Barrington Research downgraded Syntel, Inc. (NASDAQ:SYNT) on Thursday, September 22 to “Mkt Perform” rating. The stock has “Hold” rating given by Cantor Fitzgerald on Friday, October 16. The firm has “Hold” rating given on Monday, October 24 by SunTrust. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Hold” rating given on Friday, July 15 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 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.
Loomis Sayles And Limited Partnership last reported 139 shares in the company. Moreover, Wfg Advsrs Ltd Partnership has 0% invested in Syntel, Inc. (NASDAQ:SYNT) for 128 shares. Punch & Associate Invest Mngmt holds 0.49% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 93,003 shares. Moreover, Jensen Investment Mgmt Incorporated has 0.01% invested in Syntel, Inc. (NASDAQ:SYNT) for 9,660 shares. Snyder Management Limited Partnership holds 1.6% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 542,927 shares. Washington Trust National Bank has invested 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Magnetar Ltd Liability Com accumulated 0.01% or 5,976 shares. Creative Planning holds 90 shares or 0% of its portfolio. Nationwide Fund Advsr has 0% invested in the company for 21,327 shares. Oxford Asset Mgmt accumulated 0.13% or 71,020 shares. Tiverton Asset Management Ltd Llc owns 127,565 shares or 0.79% of their US portfolio. Blackrock Institutional Communications Na owns 764,986 shares or 0.01% of their US portfolio. First Retail Bank Of Omaha owns 12,125 shares or 0.04% of their US portfolio. Third Avenue Mngmt Limited Liability Corp has 117,688 shares for 0.24% of their US portfolio. Soros Fund Limited Liability Com holds 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 8,100 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 24 insider sales for $1.84 million net activity. $11,617 worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Reddy Murlidhar. Another trade for 1,622 shares valued at $68,755 was made by Save Rajesh on Tuesday, September 6. 943 shares were sold by Salelkar Avinash, worth $43,183. $10,274 worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Mason Christopher on Wednesday, October 26. 267 shares with value of $11,617 were sold by Raj V S on Tuesday, September 6. Garg Sanjay sold 1,375 shares worth $57,758. Another trade for 3,200 shares valued at $134,420 was made by Ranade Prashant on Thursday, September 15.

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) Tops Q3 EPS by 1c, Revenue Comes in Light” 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment