Zebra Capital Management buys $2,884,686 stake in Syntel (SYNT)

Syntel (SYNT) : Zebra Capital Management scooped up 11,738 additional shares in Syntel during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 63,344 shares of Syntel which is valued at $2,884,686.Syntel makes up approximately 0.96% of Zebra Capital Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in SYNT by selling 1,412 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 25,757 shares of SYNT which is valued at $1,172,974.New York State Common Retirement Fund boosted its stake in SYNT in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 31,900 shares of Syntel which is valued at $1,452,726.Calvert Investment Management boosted its stake in SYNT in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 62,341 shares of Syntel which is valued at $2,863,946. Syntel makes up approx 0.14% of Calvert Investment Management’s portfolio.Strs Ohio reduced its stake in SYNT by selling 5,000 shares or 45.45% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of SYNT which is valued at $273,060.

Syntel closed down -0.02 points or -0.04% at $46.2 with 1,56,412 shares getting traded on Monday. Post opening the session at $46.32, the shares hit an intraday low of $46.1092 and an intraday high of $46.89 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.

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