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Principale » American International Group Inc. Buys 1323 Shares of Syntel, Inc. (NASDAQ:SYNT)

American International Group Inc. Buys 1323 Shares of Syntel, Inc. (NASDAQ:SYNT)

21 Juillet 2017

(NASDAQ:SYNT). Jacobs Levy Equity Inc has 0.07% invested in Syntel, Inc.

Syntel, Inc.is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services.

The stock grew about 2.44% in the past 5 years; this positive value indicates that the stock constantly performed well in the previous years as well. After having $0.05 EPS previously, Exelixis, Inc.'s analysts see -40.00% EPS growth.

The Company's gross margin was 35.9 percent in the second quarter, compared to 37 percent in the prior-year period and 36.5 percent in the first quarter of 2017. SG&A of $28.7 mn was below our $29.5 mn estimate. T_GUY's profit would be $15.54 million giving it 14.53 P/E if the $0.09 EPS is correct. Share count and tax rate were generally in line with our expectations.

Several other equities analysts have also recently commented on SYNT. ValuEngine raised Syntel from a "hold" rating to a "buy" rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Syntel from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, BidaskClub raised shares of Syntel from a "strong sell" rating to a "sell" rating in a report on Wednesday, June 28th. Maxim Group upgraded it to "Buy" rating and $58 target in Wednesday, February 3 report. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $19.4 on the stock, this valuation is based on 10 number of opinions. (NASDAQ:SYNT)'s stock about 1.36% from the 50-day high and 21.03% away from the 50-day low. The company had a trading volume of 129,207 shares. The stock's market capitalization is $1.55 billion.

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The stock is now moving with a Negative distance from 200-Day Simple Moving Average of about -3.05% and has no so good Year to Date (YTD) Performance of -6.06% which means the stock is constantly adding to its value from previous fiscal year end price.

Syntel (NASDAQ:SYNT) last released its earnings results on Thursday, April 20th. The information technology services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $225.87 million during the quarter. The value of the investment in (SYNT) increased from $206,000 to $217,000 increasing 5.3% since the last quarter. Equities research analysts predict that Syntel, Inc. will post $1.71 EPS for the current fiscal year.

04/21/2017 - Syntel, Inc. had its "market perform" rating reiterated by analysts at Cowen. "(SYNT) Rating Reiterated by Cantor Fitzgerald" was reported by BNB Daily and is owned by of BNB Daily. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/07/21/syntel-inc-nasdaqsynt-issues-quarterly-earnings-results-beats-expectations-by-0-04-eps.html. Also, VP Avinash Salelkar bought 1,484 shares of the stock in a transaction on Tuesday, April 25th. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

In other Syntel news, insider Anil Jain bought 3,775 shares of Syntel stock in a transaction on Wednesday, May 3rd. The shares were bought at an average price of $17.30 per share, for a total transaction of $65,307.50. Following the completion of the purchase, the insider now owns 34,079 shares of the company's stock, valued at $607,628.57. The disclosure for this purchase can be found here. (ADS) stock settled at $18.59 per share, after floating in a range of $17.55 to $19.95. The average volume of a stock suggests the liquidity of a particular company.

A number of large investors have recently added to or reduced their stakes in SYNT. Eqis Capital Management Inc. raised its stake in Syntel by 4.9% in the first quarter. IPG Investment Advisors LLC now owns 527,465 shares of the information technology services provider's stock worth $8,877,000 after buying an additional 420,625 shares during the period. Finally, Horrell Capital Management Inc. bought a new stake in Syntel during the first quarter worth $1,865,000. Legato Capital Management LLC now owns 51,861 shares of the information technology services provider's stock valued at $880,000 after buying an additional 46,600 shares in the last quarter.