Syntel, Inc. (SYNT) VP Ben Andradi Sells 771 Shares of Stock

Syntel, Inc. (NASDAQ:SYNT) VP Ben Andradi sold 771 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $25.63, for a total value of $19,760.73. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ben Andradi also recently made the following trade(s):

  • On Tuesday, November 28th, Ben Andradi sold 508 shares of Syntel stock. The stock was sold at an average price of $25.68, for a total value of $13,045.44.
  • On Thursday, October 26th, Ben Andradi sold 176 shares of Syntel stock. The stock was sold at an average price of $23.33, for a total value of $4,106.08.
  • On Friday, October 20th, Ben Andradi sold 649 shares of Syntel stock. The stock was sold at an average price of $24.00, for a total value of $15,576.00.

Shares of Syntel, Inc. (NASDAQ SYNT) traded up $0.19 during midday trading on Wednesday, hitting $25.40. The stock had a trading volume of 298,700 shares, compared to its average volume of 520,934. Syntel, Inc. has a twelve month low of $15.82 and a twelve month high of $25.81. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $2,106.98, a PE ratio of 12.84, a PEG ratio of 1.36 and a beta of 1.12.

Syntel (NASDAQ:SYNT) last issued its quarterly earnings data on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.17. The business had revenue of $231.34 million during the quarter. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. analysts expect that Syntel, Inc. will post 1.87 EPS for the current year.

A number of equities research analysts have recently weighed in on SYNT shares. ValuEngine cut Syntel from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut Syntel from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Cowen reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Syntel in a research note on Thursday, October 12th. TheStreet raised Syntel from a “d+” rating to a “c” rating in a research note on Tuesday, October 17th. Finally, Needham & Company LLC lifted their price objective on Syntel from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Syntel has a consensus rating of “Hold” and a consensus target price of $23.10.

A number of large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in Syntel by 1.3% in the second quarter. Rhumbline Advisers now owns 43,880 shares of the information technology services provider’s stock valued at $744,000 after purchasing an additional 553 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Syntel by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 27,574 shares of the information technology services provider’s stock valued at $468,000 after purchasing an additional 683 shares during the period. Legal & General Group Plc boosted its holdings in Syntel by 8.0% in the second quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock valued at $202,000 after purchasing an additional 881 shares during the period. BRYN MAWR TRUST Co boosted its holdings in Syntel by 0.9% in the second quarter. BRYN MAWR TRUST Co now owns 110,661 shares of the information technology services provider’s stock valued at $1,877,000 after purchasing an additional 987 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in Syntel by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 2,054 shares during the period. Hedge funds and other institutional investors own 36.61% of the company’s stock.

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About Syntel

Syntel, Inc (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom.

Insider Buying and Selling by Quarter for Syntel (NASDAQ:SYNT)

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