Institutional Investors Hate on Syntel Inc Dropped

July 17, 2017 - By Dolores Ford

 Institutional Investors  Hate on Syntel Inc  Dropped

Sentiment for Syntel Inc (NASDAQ:SYNT)

Syntel Inc (NASDAQ:SYNT) institutional sentiment decreased to 0.67 in 2016 Q4. Its down -0.50, from 1.17 in 2016Q3. The ratio fall, as 68 investment professionals started new or increased stock positions, while 101 trimmed and sold equity positions in Syntel Inc. The investment professionals in our partner’s database now possess: 28.53 million shares, down from 29.34 million shares in 2016Q3. Also, the number of investment professionals holding Syntel Inc in their top 10 stock positions decreased from 4 to 1 for a decrease of 3. Sold All: 61 Reduced: 40 Increased: 42 New Position: 26.

Syntel, Inc. is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The company has market cap of $1.41 billion. The Firm operates through five divisions: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom. It currently has negative earnings. Syntel provides a range of services to its clients through its IT services, including Managed Services, Digital One and through its KPO services.

The stock increased 0.12% or $0.02 during the last trading session, reaching $16.74. About 154,602 shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since July 17, 2016 and is downtrending. It has underperformed by 49.34% the S&P500.

Wall Street await Syntel, Inc. (NASDAQ:SYNT) to release earnings on July, 20. Analysts forecast earnings per share of $0.40, down exactly $0.30 or 42.86 % from 2014’s $0.7 EPS. The expected SYNT’s profit could reach $33.69 million giving the stock 10.46 P/E in the case that $0.40 earnings per share is reported. After posting $0.46 EPS for the previous quarter, Syntel, Inc.’s analysts now forecast -13.04 % negative EPS growth.

Rk Asset Management Llc holds 3.61% of its portfolio in Syntel, Inc. for 227,430 shares. Intrepid Capital Management Inc owns 357,700 shares or 3.12% of their US portfolio. Moreover, Pekin Singer Strauss Asset Management Il has 1.06% invested in the company for 599,079 shares. The Connecticut-based Zebra Capital Management Llc has invested 0.78% in the stock. Fort L.P., a Maryland-based fund reported 116,744 shares.#img1#

Since January 1, 0001, it had 2 buys, and 0 selling transactions for $100,700 activity.

Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage

Ratings analysis reveals 18% of Syntel Inc.’s analysts are positive. Out of 11 Wall Street analysts rating Syntel Inc., 2 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $23 while the high is $58. The stock’s average target of $31.33 is 87.16% above today’s ($16.74) share price. SYNT was included in 21 notes of analysts from August 14, 2015. The firm has “Hold” rating by Maxim Group given on Friday, July 15. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Buy” rating by Needham on Friday, October 21. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Buy” rating by Needham on Friday, February 17. The firm has “Neutral” rating given on Monday, April 18 by Robert W. Baird. SunTrust initiated the stock with “Buy” rating in Thursday, September 10 report. The firm has “Market Perform” rating given on Friday, February 19 by Wells Fargo. As per Monday, October 24, the company rating was downgraded by SunTrust. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Thursday, September 10 by Suntrust Robinson. As per Wednesday, February 3, the company rating was upgraded by Maxim Group. Robert W. Baird upgraded Syntel, Inc. (NASDAQ:SYNT) on Thursday, August 20 to “Outperform” rating.

More notable recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Globenewswire.com which released: “Syntel to Announce Second Quarter 2017 Results on Thursday, July 20, 2017” on July 14, 2017, also Seekingalpha.com with their article: “Syntel Inc.: Outsourcing At A Value Price” published on January 03, 2017, Seekingalpha.com published: “Syntel Demonstrates The Power Of Free Cash Flow” on April 26, 2017. More interesting news about Syntel, Inc. (NASDAQ:SYNT) were released by: Fool.com and their article: “Why Syntel, Inc. Shares Got Clobbered Today” published on February 16, 2017 as well as Seekingalpha.com‘s news article titled: “3 Reasons To Reconsider Your Syntel Investment” with publication date: July 05, 2017.

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