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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at

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.

Receive News & Ratings for Syntel Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Syntel Inc. and related companies with’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>