Sather Financial Group Inc Purchases 43,650 Shares of Syntel, Inc. (SYNT)

Sather Financial Group Inc increased its position in Syntel, Inc. (NASDAQ:SYNT) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 538,923 shares of the information technology services provider’s stock after buying an additional 43,650 shares during the quarter. Syntel accounts for 2.9% of Sather Financial Group Inc’s portfolio, making the stock its 13th largest position. Sather Financial Group Inc owned about 0.65% of Syntel worth $10,590,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. purchased a new position in Syntel in the 2nd quarter worth approximately $181,000. Legal & General Group Plc increased its stake in Syntel by 8.0% in the 2nd quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock worth $202,000 after purchasing an additional 881 shares during the period. Voya Investment Management LLC increased its stake in Syntel by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock worth $272,000 after purchasing an additional 2,054 shares during the period. Huber Capital Management LLC purchased a new position in Syntel in the 3rd quarter worth approximately $381,000. Finally, Fox Run Management L.L.C. increased its stake in Syntel by 40.1% in the 3rd quarter. Fox Run Management L.L.C. now owns 25,500 shares of the information technology services provider’s stock worth $501,000 after purchasing an additional 7,300 shares during the period. Institutional investors own 36.61% of the company’s stock.

Syntel, Inc. (SYNT) opened at $25.21 on Wednesday. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07. Syntel, Inc. has a 12 month low of $15.82 and a 12 month high of $25.81. The stock has a market capitalization of $2,106.98, a P/E ratio of 12.84, a PEG ratio of 1.36 and a beta of 1.12.

Syntel (NASDAQ:SYNT) last posted its earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.17. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The firm had revenue of $231.34 million for the quarter. During the same period last year, the firm posted $0.63 earnings per share. Syntel’s quarterly revenue was down 4.1% on a year-over-year basis. sell-side analysts anticipate that Syntel, Inc. will post 1.87 EPS for the current fiscal year.

In other news, insider Daniel M. Moore sold 1,080 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $24.19, for a total transaction of $26,125.20. Following the transaction, the insider now directly owns 22,963 shares of the company’s stock, valued at $555,474.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 5,611 shares of company stock worth $134,307 over the last three months. Insiders own 61.10% of the company’s stock.

SYNT has been the topic of a number of analyst reports. Zacks Investment Research cut Syntel from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Cowen reaffirmed a “hold” rating and issued a $18.00 price target on shares of Syntel in a research note on Tuesday, August 22nd. ValuEngine raised Syntel from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 price target on shares of Syntel in a research note on Tuesday, October 17th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $20.00 price target on shares of Syntel in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.10.

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Syntel Profile

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.

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Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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