Hays Advisory Lowers stake in Syntel (SYNT)

Syntel (SYNT) : Hays Advisory reduced its stake in Syntel by 14.14% during the most recent quarter end. The investment management company now holds a total of 167,652 shares of Syntel which is valued at $7,727,081 after selling 27,616 shares in Syntel , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Syntel makes up approximately 1.17% of Hays Advisory’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha boosted its stake in SYNT in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 12,125 shares of Syntel which is valued at $558,841. Syntel makes up approx 0.04% of First National Bank Of Omaha’s portfolio.Independent Portfolio Consultants boosted its stake in SYNT in the latest quarter, The investment management firm added 4,155 additional shares and now holds a total of 12,060 shares of Syntel which is valued at $552,589. Syntel makes up approx 0.17% of Independent Portfolio Consultants’s portfolio.Cim reduced its stake in SYNT by selling 95 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 10,947 shares of SYNT which is valued at $501,592. Syntel makes up approx 0.24% of Cim’s portfolio.Rk Asset Management boosted its stake in SYNT in the latest quarter, The investment management firm added 3,435 additional shares and now holds a total of 187,582 shares of Syntel which is valued at $8,658,785. Syntel makes up approx 7.59% of Rk Asset Management’s portfolio.

Syntel opened for trading at $45.76 and hit $46.23 on the upside on Wednesday, eventually ending the session at $46.09, with a gain of 1.23% or 0.56 points. The heightened volatility saw the trading volume jump to 2,42,281 shares. Company has a market cap of $3,869 M.

On the company’s financial health, Syntel reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.63. The company had revenue of $246.00 million for the quarter, compared to analysts expectations of $249.17 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Syntel. Maxim Group Downgraded Syntel on Jul 15, 2016 to ” Hold”, Price Target of the shares are set at $48.Shares were Reiterated by Needham on Apr 22, 2016 to “Buy” and Lowered the Price Target to $ 48 from a previous price target of $52 .

Syntel Inc. (Syntel) is a provider of digital transformation information technology (IT) and knowledge process outsourcing (KPO) services. Syntel operates through five segments: Banking and Financial Services Healthcare and Life Sciences Insurance Retail Logistics and Telecom and Manufacturing. The Banking and Financial Services segment serves financial institutions around the world. The Healthcare and Life Sciences segment serves various companies in the healthcare industry. The Insurance segment serves property and casualty insurers insurance brokers personal commercial life and retirement insurance service providers. The Retail Logistics and Telecom segment serves a range of retailers and distributors and clients in the logistics and telecom industry. The Manufacturing segment provides business consulting and technology services for industrial and automotive clients. The Company offers its products and services under the Syntel brand.

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