Sensato Investors Lowers stake in Syntel (SYNT)

Syntel (SYNT) : Sensato Investors reduced its stake in Syntel by 6.84% during the most recent quarter end. The investment management company now holds a total of 531,928 shares of Syntel which is valued at $24,224,001 after selling 39,048 shares in Syntel , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Syntel makes up approximately 4.03% of Sensato Investors’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in SYNT in the latest quarter, The investment management firm added 17,709 additional shares and now holds a total of 30,227 shares of Syntel which is valued at $1,376,538. Cable Hill Partners added SYNT to its portfolio by purchasing 260 company shares during the most recent quarter which is valued at $11,840. Syntel makes up approx 0.01% of Cable Hill Partners’s portfolio.Parametric Portfolio Associates reduced its stake in SYNT by selling 1,412 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 25,757 shares of SYNT which is valued at $1,172,974.Calvert Investment Management boosted its stake in SYNT in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 62,341 shares of Syntel which is valued at $2,863,946. Syntel makes up approx 0.14% of Calvert Investment Management’s portfolio.Norris Perne French Llpmi reduced its stake in SYNT by selling 113,650 shares or 50.77% in the most recent quarter. The Hedge Fund company now holds 110,205 shares of SYNT which is valued at $5,015,430. Syntel makes up approx 1.05% of Norris Perne French Llpmi’s portfolio.

Syntel opened for trading at $46.29 and hit $46.59 on the upside on Thursday, eventually ending the session at $46.32, with a gain of 0.32% or 0.15 points. The heightened volatility saw the trading volume jump to 2,08,046 shares. Company has a market cap of $3,891 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.

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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