Syntel Inc shares had a trading volume of 1,461K on Tuesday. Volume was up 97.55% over the stocks average daily volume.
Investors are more bullish on shares of Syntel Inc as shown by the change in short interest. The company realized a fall in short interest of -8.24% as of the latest report on October 13, 2017. Short interest decreased from 3,380,073 to 3,101,611 over that timeframe. The short-interest ratio decreased to 11.0 and the percentage of shorted shares is 0.04% as of October 13.
Here is a rundown on some insider market activity for Syntel Inc (NASDAQ:SYNT). Ben Andradi, VP reported the sale of 176 shares. The shares were sold on October 26th for an average price of $23.33. Andradi now owns $284,719 of the stock per the Form 4 SEC filing. Rahul B. Aggarwal, VP disclosed the sale of 1,000 shares of SYNT stock. The shares were purchased at an average price of $23.63. The VP now owns $298,045 of the stock according to the SEC filing.
VP Ben Andradi sold 649 shares at an average price of $24.00 on Fri the 20th. Andradi now owns $297,120 of stock per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (SYNT). Raymond James & Associates downsized its investment by selling 220 shares a decrease of 0.3% in the quarter. Raymond James & Associates claims 65,877 shares valued at $1,294,000. The value of the position overall is up by 15.4%. Dimensional Fund Advisors Lp added to its holdings by buying 180,347 shares an increase of 19.5% as of 09/30/2017. Dimensional Fund Advisors Lp now controls 1,103,778 shares worth $21,689,000. The total value of its holdings increased 38.5%.
As of quarter end Virginia Retirement Systems ET AL had acquired 13,700 shares growing its holdings by 25.6%. The value of the investment in Syntel Inc increased from $907,000 to $1,320,000 a change of $413,000 quarter to quarter. California State Teachers Retirement System trimmed its stake by selling 5,740 shares a decrease of 9.8% from 06/30/2017 to 09/30/2017. California State Teachers Retirement System controls 52,881 shares with a value of $1,039,000. The value of the position overall is up by 4.5%.
October 19 investment analysts at Cowen and Company held the company rating at “Hold” with a current price target of $20.00. On October 18 Loop Capital kept the company rating at “Buy” projecting a price of $28.00.
Needham & Company LLC raised the price target of the stock on October 18 changing the forecast from $23.00 to $28.00 and stated a “Buy” rating.
On October 17 SunTrust Banks kept the stock rating at “Hold” targeting a price of $20.00. October 12 investment analysts at Cowen and Company left the company rating at “Hold” targeting a price of $18.00.
The company is so far trading down since yesterday’s close of 25.08. Syntel Inc’s P/E ratio is 11.82 and the market cap of the company is 2.01B. In the last earnings report the EPS was $2.05 with 82.85M shares now outstanding.
Syntel, Inc. (Syntel), launched on April 15, 1980, 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. Syntel provides a range of services to its customers through its IT services, including Managed Services, Digital One and through its KPO services. Through its Managed Services offering, the Company provides software applications development, maintenance, testing, IT infrastructure, cloud and migration services. Through its SyntBots platform, the Company delivers internally developed automation capabilities that improve the productivity and quality of its Managed Services offerings..