Syntel (SYNT) : Hays Advisory reduced its stake in Syntel by 11.64% during the most recent quarter end. The investment management company now holds a total of 195,268 shares of Syntel which is valued at $9,734,110 after selling 25,716 shares in Syntel , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Syntel makes up approximately 1.37% of Hays Advisory’s portfolio.
Syntel opened for trading at $49.08 and hit $49.93 on the upside on Friday, eventually ending the session at $49.85, with a gain of 1.84% or 0.9 points. The heightened volatility saw the trading volume jump to 3,02,424 shares. Company has a market cap of $4,185 M.
Other Hedge Funds, Including , Eqis Capital Management boosted its stake in SYNT in the latest quarter, The investment management firm added 233 additional shares and now holds a total of 6,158 shares of Syntel which is valued at $298,109. Syntel makes up approx 0.02% of Eqis Capital Management’s portfolio.Creative Planning reduced its stake in SYNT by selling 200 shares or 68.97% in the most recent quarter. The Hedge Fund company now holds 90 shares of SYNT which is valued at $4,357.Rk Asset Management boosted its stake in SYNT in the latest quarter, The investment management firm added 10,334 additional shares and now holds a total of 184,147 shares of Syntel which is valued at $8,914,556. Syntel makes up approx 7.60% of Rk Asset Management’s portfolio.
On the company’s financial health, Syntel reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.74. The company had revenue of $254.60 million for the quarter, compared to analysts expectations of $254.66 million. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.
Many Wall Street Analysts have commented on Syntel. Shares were Downgraded by Robert W. Baird on Apr 18, 2016 to ” Neutral” and Lowered the Price Target to $ 54 from a previous price target of $56 .Syntel was Downgraded by Wells Fargo to ” Market Perform” on Feb 19, 2016. Maxim Group Upgraded Syntel on Feb 3, 2016 to ” Buy”, Price Target of the shares are set at $58.
Syntel Inc. (Syntel) is a provider of digital transformation information technology (IT) and knowledge process outsourcing (KPO) services. Syntel operates through five segments: Banking and Financial Services Healthcare and Life Sciences Insurance Retail Logistics and Telecom and Manufacturing. The Banking and Financial Services segment serves financial institutions around the world. The Healthcare and Life Sciences segment serves various companies in the healthcare industry. The Insurance segment serves property and casualty insurers insurance brokers personal commercial life and retirement insurance service providers. The Retail Logistics and Telecom segment serves a range of retailers and distributors and clients in the logistics and telecom industry. The Manufacturing segment provides business consulting and technology services for industrial and automotive clients. The Company offers its products and services under the Syntel brand.