Syntel, Inc. (SYNT) Stake Raised by Fuller & Thaler Asset Management Inc.
Fuller & Thaler Asset Management Inc. grew its position in Syntel, Inc. (NASDAQ:SYNT) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,611,439 shares of the information technology services provider’s stock after purchasing an additional 7,695 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.95% of Syntel worth $31,665,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Syntel by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,723,937 shares of the information technology services provider’s stock valued at $46,198,000 after buying an additional 130,471 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Syntel by 75.4% in the second quarter. Dimensional Fund Advisors LP now owns 923,431 shares of the information technology services provider’s stock valued at $15,661,000 after buying an additional 397,034 shares during the last quarter. Freestone Capital Holdings LLC raised its holdings in shares of Syntel by 6.7% in the second quarter. Freestone Capital Holdings LLC now owns 735,111 shares of the information technology services provider’s stock valued at $12,467,000 after buying an additional 46,174 shares during the last quarter. State Street Corp raised its holdings in shares of Syntel by 6.6% in the second quarter. State Street Corp now owns 660,670 shares of the information technology services provider’s stock valued at $11,207,000 after buying an additional 40,952 shares during the last quarter. Finally, Sather Financial Group Inc bought a new position in shares of Syntel in the second quarter valued at about $8,400,000. Institutional investors own 35.24% of the company’s stock.
In related 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 value of $26,125.20. Following the completion of the transaction, the insider now directly owns 22,963 shares in the company, valued at approximately $555,474.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 2,780 shares of company stock valued at $61,689 over the last quarter. 61.10% of the stock is owned by insiders.
Syntel, Inc. (NASDAQ SYNT) traded up $0.04 during trading on Thursday, hitting $25.24. The stock had a trading volume of 205,200 shares, compared to its average volume of 528,429. The firm has a market cap of $2,087.92, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.35 and a beta of 1.09. Syntel, Inc. has a 52 week low of $15.82 and a 52 week high of $25.80. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07.
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, topping 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 company had revenue of $231.34 million during the quarter. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Syntel’s quarterly revenue was down 4.1% compared to the same quarter last year. equities research analysts expect that Syntel, Inc. will post 1.87 EPS for the current fiscal year.
A number of research analysts recently issued reports on SYNT shares. Zacks Investment Research cut Syntel from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Cowen and Company reaffirmed a “hold” rating and issued a $18.00 price target on shares of Syntel in a report on Tuesday, August 22nd. ValuEngine cut Syntel from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and set a $20.00 price objective on shares of Syntel in a report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $20.00 price objective on shares of Syntel in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.10.
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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