Todays Report: Today, Syntel Inc. (SYNT) Director Buys $390,000.00 in Stock

Today, Syntel Inc. (SYNT) Director Buys $390,000.00 in Stock

Syntel Inc. (NASDAQ:SYNT) Director Paritosh K. Choksi bought 20,000 shares of Syntel stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average price of $19.50 per share, with a total value of $390,000.00. Following the completion of the transaction, the director now owns 58,272 shares of the company’s stock, valued at $1,136,304. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Syntel Inc. (NASDAQ:SYNT) opened at 20.15 on Friday. Syntel Inc. has a one year low of $18.00 and a one year high of $50.92. The stock’s market cap is $1.69 billion. The company’s 50-day moving average price is $21.94 and its 200-day moving average price is $38.68.

Syntel (NASDAQ:SYNT) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.59) by $3.22. Syntel had a positive return on equity of 28.09% and a negative net margin of 3.17%. The business earned $241.30 million during the quarter, compared to analyst estimates of $249.81 million. During the same quarter in the prior year, the business posted $0.92 EPS. Syntel’s revenue for the quarter was down 4.9% compared to the same quarter last year. Analysts forecast that Syntel Inc. will post ($0.71) EPS for the current fiscal year.

Several brokerages have issued reports on SYNT. Zacks Investment Research raised Syntel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Syntel in a research note on Monday, August 8th. William Blair lowered Syntel from a “market perform” rating to an “underperform” rating in a research note on Thursday, September 15th. Robert W. Baird lifted their price target on Syntel from $46.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Syntel in a research note on Monday, September 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.00.

A number of large investors have recently modified their holdings of SYNT. BOKF NA raised its stake in shares of Syntel by 0.4% in the second quarter. BOKF NA now owns 7,931 shares of the company’s stock worth $359,000 after buying an additional 32 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Syntel by 0.9% in the second quarter. Principal Financial Group Inc. now owns 7,257 shares of the company’s stock worth $328,000 after buying an additional 67 shares during the last quarter. American International Group Inc. raised its stake in shares of Syntel by 0.9% in the second quarter. American International Group Inc. now owns 18,592 shares of the company’s stock worth $841,000 after buying an additional 164 shares during the last quarter. BlackRock Inc. raised its stake in shares of Syntel by 6.1% in the third quarter. BlackRock Inc. now owns 3,099 shares of the company’s stock worth $131,000 after buying an additional 177 shares during the last quarter. Finally, Aperio Group LLC raised its position in shares of Syntel by 3.8% in the third quarter. Aperio Group LLC now owns 6,242 shares of the company’s stock worth $262,000 after buying an additional 229 shares during the last quarter. Institutional investors and hedge funds own 36.30% of the company’s stock.

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