Teachers Advisors LLC Lifted Holding in Syntel, Inc. (SYNT)

Teachers Advisors LLC Lifted Holding in Syntel, Inc. (SYNT)

Teachers Advisors LLC increased its position in Syntel, Inc. (NASDAQ:SYNT) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,228 shares of the information technology services provider’s stock after buying an additional 3,796 shares during the period. Teachers Advisors LLC’s holdings in Syntel were worth $1,251,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SYNT. FNY Partners Fund LP bought a new position in Syntel during the fourth quarter worth approximately $396,000. State Street Corp increased its stake in Syntel by 8.8% in the fourth quarter. State Street Corp now owns 599,404 shares of the information technology services provider’s stock worth $11,864,000 after buying an additional 48,343 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Syntel during the fourth quarter worth $2,238,000. Crow Point Partners LLC purchased a new stake in Syntel during the third quarter worth $23,364,000. Finally, Candriam Luxembourg S.C.A. purchased a new stake in Syntel during the third quarter worth $4,057,000. 34.30% of the stock is owned by hedge funds and other institutional investors.

Syntel, Inc. (SYNT) traded down 0.23% on Thursday, reaching $17.44. The company had a trading volume of 84,225 shares. The stock’s market capitalization is $1.46 billion. Syntel, Inc. has a 12-month low of $15.82 and a 12-month high of $48.41. The stock’s 50-day moving average price is $17.88 and its 200-day moving average price is $19.00.

Syntel (NASDAQ:SYNT) last posted its quarterly earnings results on Thursday, April 20th. The information technology services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Syntel had a positive return on equity of 28.09% and a negative net margin of 3.17%. The firm had revenue of $225.87 million during the quarter. During the same quarter in the prior year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that Syntel, Inc. will post $1.68 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on SYNT shares. Needham & Company LLC dropped their target price on Syntel from $23.00 to $21.00 and set a “buy” rating for the company in a report on Friday, April 21st. Zacks Investment Research raised Syntel from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, February 1st. Vetr downgraded Syntel from a “strong-buy” rating to a “buy” rating and set a $25.81 target price for the company. in a report on Thursday, February 16th. Cantor Fitzgerald reissued a “hold” rating and set a $23.00 target price on shares of Syntel in a report on Thursday, February 16th. Finally, Cowen and Company reissued a “market perform” rating and set a $18.00 target price (down previously from $20.00) on shares of Syntel in a report on Sunday, April 23rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Syntel has an average rating of “Hold” and an average price target of $29.08.

In other news, insider Murlidhar Reddy acquired 1,986 shares of Syntel stock in a transaction that occurred on Thursday, May 4th. The stock was bought at an average price of $17.83 per share, for a total transaction of $35,410.38. Following the completion of the transaction, the insider now owns 34,079 shares in the company, valued at $607,628.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Avinash Salelkar acquired 1,484 shares of Syntel stock in a transaction that occurred on Tuesday, April 25th. The shares were purchased at an average price of $17.14 per share, with a total value of $25,435.76. Following the transaction, the vice president now owns 15,825 shares of the company’s stock, valued at approximately $271,240.50. The disclosure for this purchase can be found here. Insiders bought 19,377 shares of company stock valued at $334,732 in the last 90 days. Company insiders own 61.80% of the company’s stock.

About Syntel

Syntel, Inc (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SYNT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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