Syntel Inc (SYNT) Files Form 4 Insider Selling : Avinash Salelkar Sells 5,000 Shares

Syntel Inc (SYNT): Avinash Salelkar , Vice President of Syntel Inc sold 5,000 shares on Sep 13, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $43.56 per share for a total value of $217,772.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, Murlidhar Reddy (Senior Vice President) sold 267 shares at $43.51 per share price.On Sep 7, 2016, V S Raj (Senior Vice President) sold 267 shares at $43.51 per share price.Also, On Sep 7, 2016, Raja Ray (Senior Vice President) sold 718 shares at $42.69 per share price.On Sep 7, 2016, Anil Jain (Senior Vice President) sold 750 shares at $42.90 per share price.

Syntel: On Monday, Sep 12, 2016 heightened volatility was witnessed in Syntel which led to swings in the share price. The shares opened for trading at $46.02 and hit $46.5 on the upside , eventually ending the session at $45.72, with a gain of 12.36% or 5.03 points. The heightened volatility saw the trading volume jump to 1,345,017 shares. The 52-week high of the share price is $50.92 and the company has a market cap of $3,841 M . The 52-week low of the share price is at $40.68.

Syntel Money Flow Index Chart

Company has been under the radar of several Street Analysts.Syntel is Downgraded by Maxim Group to Hold and the brokerage firm has set the Price Target at $48. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 15, 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.

Leave a Reply

Syntel - Is it time to Sell?

Top Brokerage Firms are advising their investors on Syntel. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.