Syntel Inc (SYNT) Files Form 4 Insider Selling : Prashant Ranade Sells 15,000 Shares

Syntel Inc (SYNT): Prashant Ranade , Executive Vice Chairman of Syntel Inc sold 15,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $43.90 per share for a total value of $658,432.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Nitin Rakesh (CEO and President) sold 10,000 shares at $42.77 per share price.On Apr 27, 2016, Prashant Ranade (Executive Vice Chairman) sold 10,000 shares at $43.22 per share price.Also, On Mar 7, 2016, Murlidhar Reddy (Senior Vice President) sold 1,600 shares at $46.68 per share price.On Nov 25, 2015, Daniel M Moore (Chief Administrative Officer) sold 300 shares at $46.53 per share price.

Syntel: On Friday, May 20, 2016 heightened volatility was witnessed in Syntel which led to swings in the share price. The shares opened for trading at $42.62 and hit $43.22 on the upside , eventually ending the session at $43.09, with a gain of 1.70% or 0.72 points. The heightened volatility saw the trading volume jump to 1,35,752 shares. The 52-week high of the share price is $50.92 and the company has a market cap of $3,617,492 M . The 52-week low of the share price is at $41.072.

Syntel Money Flow Index Chart

Company has been under the radar of several Street Analysts.Syntel is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 48 from a previous price target of $52 . The Rating was issued on Apr 22, 2016.Syntel is Downgraded by Robert W. Baird to Neutral while Lowering the Price Target of the company shares to $ 54 from a previous price target of $56 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 18, 2016.

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.

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