Syntel, Inc. (SYNT) Shares Sold by Stoneridge Investment Partners LLC
Stoneridge Investment Partners LLC lowered its stake in shares of Syntel, Inc. (NASDAQ:SYNT) by 55.7% during the fourth quarter, HoldingsChannel reports. The firm owned 12,148 shares of the information technology services provider’s stock after selling 15,289 shares during the period. Stoneridge Investment Partners LLC’s holdings in Syntel were worth $279,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Syntel in the 4th quarter valued at $144,000. Group One Trading L.P. increased its holdings in shares of Syntel by 52.2% in the 3rd quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock valued at $143,000 after acquiring an additional 2,498 shares during the period. Comerica Bank acquired a new position in shares of Syntel in the 4th quarter valued at $213,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Syntel in the 4th quarter valued at $221,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Syntel in the 2nd quarter valued at $181,000. 36.66% of the stock is currently owned by institutional investors.
Syntel, Inc. (NASDAQ SYNT) opened at $21.20 on Friday. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $1,781.36, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01. Syntel, Inc. has a 12 month low of $15.82 and a 12 month high of $26.33.
In other Syntel news, insider Daniel M. Moore sold 1,080 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total value of $26,125.20. Following the transaction, the insider now directly owns 22,963 shares of the company’s stock, valued at approximately $555,474.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 3,944 shares of company stock worth $99,584 over the last three months. 61.10% of the stock is currently owned by corporate insiders.
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Syntel Company 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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