Syntel, Inc. (SYNT) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in Syntel, Inc. (NASDAQ:SYNT) by 9.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,047 shares of the information technology services provider’s stock after purchasing an additional 18,368 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Syntel were worth $4,010,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SYNT. Rhumbline Advisers increased its holdings in shares of Syntel by 1.3% in the second quarter. Rhumbline Advisers now owns 43,880 shares of the information technology services provider’s stock worth $744,000 after purchasing an additional 553 shares during the period. Legal & General Group Plc increased its holdings in shares of Syntel by 8.0% in the second 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. Prudential Financial Inc. purchased a new position in Syntel in the second quarter worth $1,082,000. Wells Fargo & Company MN grew its position in Syntel by 62.3% in the second quarter. Wells Fargo & Company MN now owns 73,565 shares of the information technology services provider’s stock worth $1,248,000 after acquiring an additional 28,247 shares in the last quarter. Finally, AXA purchased a new position in Syntel in the second quarter worth $1,046,000. 36.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Syntel, Inc. (NASDAQ:SYNT) opened at $23.50 on Friday. 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 1 year low of $15.82 and a 1 year high of $26.33. The stock has a market cap of $1,950.00, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11.

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

In other Syntel news, insider Daniel M. Moore sold 1,080 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total transaction of $26,125.20. Following the completion of the sale, the insider now directly owns 22,963 shares in the company, valued at $555,474.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 4,769 shares of company stock valued at $119,266. Company insiders own 61.10% of the company’s stock.

Several brokerages recently issued reports on SYNT. BidaskClub lowered shares of Syntel from a “hold” rating to a “sell” rating in a research report on Saturday, December 30th. Robert W. Baird reiterated a “hold” rating and issued a $24.00 target price on shares of Syntel in a research report on Thursday, December 21st. TheStreet upgraded shares of Syntel from a “d+” rating to a “c” rating in a research report on Tuesday, October 17th. SunTrust Banks reiterated a “hold” rating and issued a $20.00 target price on shares of Syntel in a research report on Tuesday, October 17th. Finally, Cowen reiterated a “hold” rating and issued a $18.00 target price on shares of Syntel in a research report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Syntel presently has a consensus rating of “Hold” and a consensus target price of $23.31.

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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.

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Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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