Syntel (SYNT) : Pekin Singer Strauss Asset Management Il scooped up 112,572 additional shares in Syntel during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 241,609 shares of Syntel which is valued at $10,949,720.Syntel makes up approximately 2.33% of Pekin Singer Strauss Asset Management Il’s portfolio.
Other Hedge Funds, Including , Carnegie Capital Asset Management boosted its stake in SYNT in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 7,130 shares of Syntel which is valued at $323,132. Syntel makes up approx 0.05% of Carnegie Capital Asset Management’s portfolio. Huntington National Bank sold out all of its stake in SYNT during the most recent quarter. The investment firm sold 3,136 shares of SYNT which is valued $142,719.Callahan Advisors reduced its stake in SYNT by selling 4,880 shares or 28.37% in the most recent quarter. The Hedge Fund company now holds 12,320 shares of SYNT which is valued at $560,683. Syntel makes up approx 0.14% of Callahan Advisors’s portfolio.1st Global Advisors reduced its stake in SYNT by selling 355 shares or 7.21% in the most recent quarter. The Hedge Fund company now holds 4,571 shares of SYNT which is valued at $200,347. Syntel makes up approx 0.03% of 1st Global Advisors’s portfolio. Palo Capital added SYNT to its portfolio by purchasing 9,318 company shares during the most recent quarter which is valued at $408,408. Syntel makes up approx 0.14% of Palo Capital’s portfolio.
Syntel closed down -0.31 points or -0.67% at $45.63 with 1,26,074 shares getting traded on Monday. Post opening the session at $45.94, the shares hit an intraday low of $45 and an intraday high of $46.66 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Syntel reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.63. The company had revenue of $246.00 million for the quarter, compared to analysts expectations of $249.17 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.
Many Wall Street Analysts have commented on Syntel. Maxim Group Downgraded Syntel on Jul 15, 2016 to ” Hold”, Price Target of the shares are set at $48.
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.