Syntel Inc (NASDAQ:SYNT) Rating Downgrade
Syntel Inc (NASDAQ:SYNT)’s Buy rating is no longer valid. The firm rating was downgraded by equity research analysts at Maxim Group to Hold. They have a TP of $48.00 on SYNT.
The rating downgrade is noticed by equity traders, as NASDAQ:SYNT is currently trading -3.11% lower at $46.16 as of 18:35 New York time. Syntel Inc.’s stock is up 3.82% over the last 200 days. It has underperformed the S&P 500 Index, which has surged 14.74% over the same time period.
Out of 9 analysts covering Syntel Inc., 5 rate it a Buy, 7 indicate a Hold while 0 suggest a Sell. The highest target is $58 and the lowest is $44 according to Thomson/First Call. The 12-month mean target is $48.67, which means upside potential of 5.44% over the current price.
NASDAQ:SYNT Price Chart & Trend
The stock price of Syntel Inc. gained 3.82% over the last 200 days, and is in fragile up trend. In the last 50 and 100 days, Syntel Inc. is up 11.12% and up 3.5%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Institutional Ownership
Rk Asset Management Llc had the most significant stake with ownership of 172,423 shares as of q2 2015 for 6.45% of the portfolio. Sensato Investors Llc is another bullish fund who is having 321,826 shares of Syntel Inc. or 3.2% of their portfolio. Further, Freestone Capital Holdings Llc have 2.7% of their portfolio invested in the company for 357,475 shares. The Michigan-based fund Norris Perne & French Llp Mi disclosed it had acquired a stake worth about 2.2% of the fund’s stock portfolio in Syntel Inc.. The New York-based fund New Amsterdam Partners Llc Ny is also positive about the stock, possessing 242,750 shares or 2.13% of their portfolio.Over the last six months, Syntel Inc. NASDAQ:SYNT has seen 0 buys, and 4 insider sales. The net result was for 4 transactions, worth $1.59M.
Syntel Inc (NASDAQ:SYNT) Profile
Syntel, Inc. (Syntel) is a global provider of digital transformation, information technology and knowledge process outsourcing services. The Company operates through five segments: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry. The Company offers its products and services under the Syntel brand.
Syntel Inc (NASDAQ:SYNT) traded down -3.11% on 15 July, hitting $46.16. A total of 454,820 shares of the company’s stock traded hands. This is up from average of 251,389 shares. Syntel Inc. has a 52 week low of $41.07 and a 52 week high of $50.92. The company has a market cap of $3.86B and a P/E ratio of 14.63.
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