Syntel, Inc. (SYNT) Shares Bought by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lifted its holdings in Syntel, Inc. (NASDAQ:SYNT) by 25.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,200 shares of the information technology services provider’s stock after acquiring an additional 13,700 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.08% of Syntel worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. UBS Asset Management Americas Inc. bought a new stake in Syntel in the 2nd quarter valued at about $181,000. Legal & General Group Plc increased its position in Syntel by 8.0% in the 2nd quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 881 shares in the last quarter. Voya Investment Management LLC increased its position in Syntel by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock valued at $272,000 after buying an additional 2,054 shares in the last quarter. Roberts Glore & Co. Inc. IL increased its position in Syntel by 38.7% in the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 25,975 shares of the information technology services provider’s stock valued at $441,000 after buying an additional 7,250 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in Syntel by 17.9% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 26,145 shares of the information technology services provider’s stock valued at $443,000 after buying an additional 3,978 shares in the last quarter. 36.61% of the stock is owned by hedge funds and other institutional investors.

In other Syntel news, insider Daniel M. Moore sold 1,080 shares of Syntel stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $24.19, for a total transaction of $26,125.20. Following the completion of the transaction, the insider now owns 22,963 shares in the company, valued at approximately $555,474.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 5,611 shares of company stock valued at $134,307 in the last quarter. Company insiders own 61.10% of the company’s stock.

A number of brokerages recently commented on SYNT. William Blair raised Syntel from an “underperform” rating to an “outperform” rating in a research report on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 target price on shares of Syntel in a research report on Tuesday, October 17th. Loop Capital reaffirmed a “buy” rating and issued a $28.00 target price on shares of Syntel in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Robert W. Baird reiterated a “hold” rating and set a $20.00 price target on shares of Syntel in a research note on Wednesday, October 4th. Finally, Needham & Company LLC lifted their price target 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.10.

Syntel, Inc. (NASDAQ SYNT) opened at $25.40 on Thursday. The stock has a market capitalization of $2,088.75, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07. Syntel, Inc. has a 12 month low of $15.82 and a 12 month high of $25.81.

Syntel (NASDAQ:SYNT) last released its quarterly earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Syntel’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. equities research analysts expect that Syntel, Inc. will post 1.87 earnings per share for the current fiscal year.

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Syntel Company Profile

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.

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Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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