Published On: Thu, Sep 8th, 2016

Rajesh Save Sells 1,622 Shares of Syntel Inc. (SYNT) Stock

Syntel Inc. (NASDAQ:SYNT) insider Rajesh Save sold 1,622 shares of Syntel stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $42.39, for a total value of $68,756.58. Following the sale, the insider now directly owns 6,860 shares of the company’s stock, valued at approximately $290,795.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Syntel Inc. (NASDAQ:SYNT) traded up 0.21% during mid-day trading on Wednesday, hitting $42.52. The stock had a trading volume of 342,622 shares. Syntel Inc. has a 12-month low of $41.17 and a 12-month high of $50.92. The firm has a market cap of $3.57 billion and a P/E ratio of 13.58. The stock has a 50-day moving average price of $45.49 and a 200 day moving average price of $45.56.
Syntel (NASDAQ:SYNT) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. The business earned $246 million during the quarter, compared to analysts’ expectations of $249.12 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. Equities analysts anticipate that Syntel Inc. will post $2.64 EPS for the current fiscal year.

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SYNT has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “hold” rating and issued a $43.00 price target on shares of Syntel in a report on Wednesday, July 6th. Zacks Investment Research downgraded Syntel from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. Maxim Group downgraded Syntel from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Friday, July 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued a “hold” rating and issued a $47.00 price target on shares of Syntel in a report on Tuesday, July 19th. Finally, Robert W. Baird reissued a “hold” rating on shares of Syntel in a report on Monday, May 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.71.
Syntel, Inc (Syntel) is a global provider of digital transformation, information technology and knowledge process outsourcing services. The Company operates through five segments: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry.

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