The stock of Syntel, Inc. (NASDAQ:SYNT) hit a new 52-week low and has $24.84 target or 5.00% below today’s $26.15 share price. The 7 months bearish chart indicates high risk for the $2.23B company. The 1-year low was reported on Oct, 4 by Barchart.com. If the $24.84 price target is reached, the company will be worth $111.50 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 888,746 shares traded hands or 57.83% up from the average. Syntel, Inc. (NASDAQ:SYNT) has declined 7.73% since March 1, 2016 and is downtrending. It has underperformed by 16.97% the S&P500.
Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on October, 19. They expect $0.65 earnings per share, down 29.35% or $0.27 from last year’s $0.92 per share. SYNT’s profit will be $55.64 million for 10.07 P/E if the $0.65 EPS becomes a reality. After $0.70 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.
Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage
Out of 8 analysts covering Syntel Inc. (NASDAQ:SYNT), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $58 is the highest target while $47 is the lowest. The $49 average target is 87.38% above today’s ($26.15) stock price. Syntel Inc. has been the topic of 12 analyst reports since August 14, 2015 according to StockzIntelligence Inc. As per Wednesday, February 3, the company rating was upgraded by Maxim Group. The company was downgraded on Friday, July 15 by Maxim Group. The firm has “Mkt Perform” rating given on Thursday, September 22 by Barrington Research. The stock has “Outperform” rating given by Robert W. Baird on Thursday, August 20. JP Morgan upgraded Syntel, Inc. (NASDAQ:SYNT) on Monday, January 11 to “Neutral” rating. Cantor Fitzgerald initiated the stock with “Hold” rating in Friday, October 16 report. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Buy” rating by SunTrust on Thursday, September 10. Wells Fargo downgraded Syntel, Inc. (NASDAQ:SYNT) on Friday, February 19 to “Market Perform” rating. The firm has “Buy” rating given on Thursday, September 10 by Suntrust Robinson. Robert W. Baird maintained Syntel, Inc. (NASDAQ:SYNT) rating on Tuesday, September 13. Robert W. Baird has “Neutral” rating and $52 price target.
According to Zacks Investment Research, “Syntel is a worldwide provider of advanced technology services to Fortune 1000 companies, as well as to government entities. Their service offerings are grouped into three segments: e-Business, Application Outsourcing, and Teamsourcing. E-Business consists of practice areas in Web Solutions, Customer Relationship Management, Data Warehousing/Business Intelligence, and Enterprise Application Outsourcing services.”
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.22, from 0.88 in 2016Q1. The ratio improved, as 27 funds sold all Syntel, Inc. shares owned while 55 reduced positions. 24 funds bought stakes while 66 increased positions. They now own 28.31 million shares or 0.38% less from 28.42 million shares in 2016Q1.
Cambridge Inv Research Advisors holds 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 4,842 shares. Credit Suisse Ag reported 35,410 shares or 0% of all its holdings. Blackrock Advsr Limited Co last reported 15,166 shares in the company. Oxford Asset Mgmt holds 0.13% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 71,020 shares. Blackrock Fund Advsrs last reported 0.01% of its portfolio in the stock. Palo Inc holds 0.14% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 9,318 shares. Huntington National Bank & Trust reported 3,136 shares or 0% of all its holdings. has 0% invested in the company for 18,592 shares. Commercial Bank Of New York Mellon holds 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 228,386 shares. Fort Ltd Partnership has invested 0.84% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Fmr Lc last reported 0.03% of its portfolio in the stock. Allianz Asset Mngmt Ag has 0% invested in the company for 18,986 shares. Pacad Invest Ltd has invested 0.03% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). The Quebec – Canada-based Fiera Capital has invested 0.02% in Syntel, Inc. (NASDAQ:SYNT). Callahan Ltd Co last reported 0.15% of its portfolio in the stock.
Insider Transactions: Since April 26, 2016, the stock had 0 buys, and 24 insider sales for $2.65 million net activity. Salelkar Avinash also sold $43,183 worth of Syntel, Inc. (NASDAQ:SYNT) shares. Another trade for 267 shares valued at $11,617 was made by Reddy Murlidhar on Tuesday, September 6. TANDON RAJIV had sold 185 shares worth $8,445. $69,843 worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Ranade Prashant on Friday, August 26. The insider Raj V S sold $11,617. The insider Jain Anil sold 1,250 shares worth $56,994. On Monday, May 2 the insider Rakesh Nitin sold $427,705.
Another recent and important Syntel, Inc. (NASDAQ:SYNT) news was published by Nasdaq.com which published an article titled: “Syntel, Inc. (SYNT) Ex-Dividend Date Scheduled for October 04, 2016” on October 03, 2016.
SYNT Company Profile
Syntel, Inc. (Syntel), incorporated on April 15, 1980, is a global well-known provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Firm operates through five divisions: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom. The Firm offers its services and products under the Syntel brand.
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