As Syntel INC (SYNT) Shares Rose, Arga Investment Management LP Decreased by $4.71 Million Its Stake

June 27, 2018 - By Anthony Rauscher

Syntel, Inc. (NASDAQ:SYNT) Corporate LogoDuring Q1 2018 the big money sentiment increased to 1.75. That’s change of 0.06, from 2017Q4’s 1.69. 15 investors sold all, 45 reduced holdings as SYNT ratio increased. 67 rose stakes while 38 funds took stakes. Funds hold 31.74 million shares thus 1.27% less from 2017Q4’s 32.15 million shares. Balyasny Asset Management Ltd Liability Corporation holds 0% in Syntel, Inc. (NASDAQ:SYNT) or 17,298 shs. Research Glob Investors has invested 0.01% in Syntel, Inc. (NASDAQ:SYNT). Macquarie Grp Inc Limited owns 900 shs. Morgan Stanley accumulated 598,861 shs or 0% of the stock. Voya Inv Mngmt Ltd Liability Corp stated it has 0% of its capital in Syntel, Inc. (NASDAQ:SYNT). Stoneridge Investment Prtnrs Ltd Co reported 0.04% stake. Dupont Cap reported 33,919 shs stake. 310,000 are held by Sprott. Amp Ltd holds 0.01% or 49,358 shs. Gsa Cap Prns Llp invested 0.09% of its capital in Syntel, Inc. (NASDAQ:SYNT). 9,364 are held by Peak6 Lp. The Guernsey-based Bluecrest Management has invested 0.01% in Syntel, Inc. (NASDAQ:SYNT). First Tru Advisors Lp reported 0% stake. Sensato Invsts Limited Company holds 0.52% of its capital in Syntel, Inc. (NASDAQ:SYNT) for 131,887 shs. M&T State Bank reported 0% stake.

SYNT had 6 selling transactions and 0 buys since February 21, 2018. This’s net activity of $1.68 million. Reddy Murlidhar also sold $1,338 worth of Syntel, Inc. (NASDAQ:SYNT) shs. The insider Venkatesan Sundarraj sold $133,477. $1.36M worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Ranade Prashant. On Thursday, March 1 Shares for $47,981 were sold by Aggarwal Rahul B..

In 2018Q1 Securities and Exchange form is reported Arga Investment Management Lp’s holdings in Syntel Inc (SYNT) which was reduced by 33.41%. The company’s stock popped up 18.09% while Arga Investment Management Lp sold 188,575 shares. The institutional investor is holding 375,900 shares, compared to the 564,475 from the previous quarter. And the announced value of the technology company is $9.60 million for the 2018Q1. $2.67B is Syntel Inc’s MC. SYNT is hitting $32.15 during the last trading session, after increased 0.31%.Syntel, Inc. has volume of 463,880 shares. Since June 27, 2017 SYNT has risen 70.15% and is uptrending. The stock outperformed the S&P 500 by 57.58%.

For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

On July, 19 WallStreet anticipated Syntel, Inc. (NASDAQ:SYNT)’s earnings report, according to Faxor. The earnings per share diference is $0.00 or 0.00 % from last years number. Previous year: $0.44; Analysts forcast: $0.44. The profit will be $36.50M for SYNT if $0.44 earnings per share becomes true. Analysts at Wall Street see Syntel, Inc.’s -20.00 % negative EPS growth compared to $0.55 earnings per share for previous quarter.

More recent Syntel, Inc. (NASDAQ:SYNT) news were released by Benzinga.com, Benzinga.com and Nasdaq.com. The first one has “Wells Fargo Downgrades Syntel After 48% Run, Sees Need For Client Diversification” as a title and was released on June 21, 2018. The next is “30 Stocks Moving In Thursday’s Pre-Market Session” on June 21, 2018. And last was released on June 20, 2018, called “Market Trends Toward New Normal in AZZ, Vishay Precision Group, Benchmark Electronics, Pegasystems, Syntel, and …”.

Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage

Total analysts of 6 have positions in Syntel (NASDAQ:SYNT) as follows: 0 rated it a “Buy”, 1 with “Sell” and 5 with “Hold”. The positive are 0. The firm has $2900 highest while $21.0 is the lowest target price. The average target $26 is -19.13% below the last ($32.15) price. Since December 29, 2017 according to StockzIntelligence Inc Syntel has 10 analyst reports. On Friday, April 20 the firm has “Hold” rating by SunTrust given. The company rating was maintained by Robert W. Baird on Thursday, April 5. In Friday, April 20 report Susquehanna maintained the stock with “Hold” rating. The stock rating was downgraded by Wells Fargo to “Sell” on Wednesday, June 20. On Friday, December 29 the rating was downgraded by Wells Fargo to “Sell”. In Thursday, February 15 report Cowen & Co maintained the stock with “Hold” rating. On Friday, April 20 Wells Fargo upgraded the shares of SYNT in report to “Market Perform” rating. On Thursday, April 19 the firm has “Hold” rating given by Cowen & Co. On Friday, February 16 SunTrust maintained the shares of SYNT in report with “Hold” rating.

Syntel, Inc. (NASDAQ:SYNT) Institutional Investors Chart

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