The New Sethi Neerja Holding in Syntel Inc
Sethi Neerja filed with the SEC SC 13D/A form for Syntel Inc. The form can be accessed here: 000119312516775119. As reported in Sethi Neerja’s form, the filler as of late owns 28.8% or 24,257,927 shares of the Information Technology–company.
Syntel Inc stake is a new one for the and it was filed because of activity on November21, 2016. We feel this shows Sethi Neerja’s positive view for the stock.
Reasons Why Sethi Neerja Bought – Syntel Inc Stock
Purpose of Transaction
Item4 is hereby amended and restated as follows:
(a) The Reporting Person may acquire additional Common Stock from time to time in open market or privately negotiated transactions orotherwise, consistent with the Reporting Person’s investment purposes and in amounts to be determined by the Reporting Person based upon a number of factors, including, without limitation, prevailing market conditions, the availability of otherinvestment opportunities, and tax and other considerations.
In addition, in connection with estate, tax and financial planning purposes,the Reporting Person may have discussions from time to time with third parties regarding a potential sale of all or a portion of the Common Stock reported in this Schedule13D. Those discussions, whether initiated by third parties or theReporting Person, may lead to a plan or proposal which relates to or would result in the matters described in clauses (a)and (b)of Item4 of Schedule 13D, which, in turn, may lead to any or all of the other matters described inclauses (c)through (j)of Item4 of Schedule 13D.
Other than as stated in this Item, as of the date of this AmendmentNo.8, the Reporting Person does not have any specific plans or proposals that would result in any of the matters described in clauses (a)through (j)of Item4 of Schedule 13D.
Syntel Inc Institutional Sentiment
Latest Security and Exchange filings show 178 investors own Syntel Inc. The institutional ownership in Q3 2015 is high, at 30.90% of the outstanding shares. This is decreased by 1787035 the total institutional shares. 25990303 were the shares owned by these institutional investors. In total 29 funds opened new Syntel Inc stakes, 57 increased stakes. There were 25 that closed positions and 69 reduced them.
4 managers had the stock in their top Ten. Notable investors are: Rk Asset Management Llc, Zebra Capital Management Llc, Sensato Investors Llc..
Rk Asset Management Llc is an institutional investor bullish on Syntel Inc, owning 175844 shares as of Q3 2015 for 6.95% of its portfolio. Sensato Investors Llc owns 478043 shares or 4.05% of its portfolio. MN Punch & Associates Investment Management Inc have 0.53% of their stock portfolio for 85018 shares. Further, Thomas Story & Son Llc reported stake worth 1.11% of its US stock portfolio. The NY Cim Llc owns 10944 shares. Syntel Inc is 0.25% of the manager’s US portfolio.
Syntel, Inc. (Syntel) is a global provider of digital transformation, information technology and knowledge process outsourcing services. The Company operates through five segments: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry. The Company offers its products and services under the Syntel brand.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.07, from 1.1 in 2016Q1. The ratio increased, 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.
Moreover, Vanguard Group Inc has 0.01% invested in Syntel, Inc. (NASDAQ:SYNT) for 2.45M shares. Cubist Systematic Strategies Ltd has invested 0.02% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Horizon Kinetics Limited Co holds 0.01% or 9,500 shares in its portfolio. Acadian Asset Limited Liability reported 5,135 shares or 0% of all its holdings. Btim owns 792,669 shares or 0.61% of their US portfolio. Parametric Portfolio Associate Ltd holds 0% or 25,757 shares in its portfolio. Pnc Financial, a Pennsylvania-based fund reported 37,212 shares. Callahan Advsrs Limited Liability Company holds 0.15% or 12,320 shares in its portfolio. Fmr Lc has 4.22 million shares for 0.03% of their US portfolio. Nationwide Fund Advsrs holds 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 21,327 shares. State Street accumulated 534,098 shares or 0% of the stock. Barbara Oil last reported 0.44% of its portfolio in the stock. The California-based Snyder Mngmt Lp has invested 1.6% in Syntel, Inc. (NASDAQ:SYNT). Alyeska Inv Group L P holds 0.11% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 241,909 shares. Hutchin Hill Cap Lp reported 25,500 shares or 0.04% of all its holdings.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 23 insider sales for $1.18 million net activity. On Monday, August 22 Raj V S sold $18,305 worth of the stock or 401 shares. 2,000 shares were sold by Mason Christopher, worth $41,432 on Tuesday, October 25. Reddy Murlidhar sold $11,617 worth of stock. On Monday, August 22 the insider Ranade Prashant sold $146,514. $14,872 worth of Syntel, Inc. (NASDAQ:SYNT) shares were sold by Save Rajesh. $30,653 worth of Syntel, Inc. (NASDAQ:SYNT) was sold by Ray Raja. Jain Anil had sold 750 shares worth $32,007.
The stock increased 2.84% or $0.55 during the last trading session, hitting $19.94. About 1.02 million shares traded hands or 13.78% up from the average. Syntel, Inc. (NASDAQ:SYNT) has declined 59.04% since April 20, 2016 and is downtrending. It has underperformed by 63.60% the S&P500.
Syntel, Inc. is a global provider of digital transformation, information technology and knowledge process outsourcing services. The company has a market cap of $1.66 billion. The Firm operates through five divisions: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry. It currently has negative earnings.
Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage
Out of 9 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 11% are positive. $58 is the highest target while $27 is the lowest. The $33.80 average target is 69.51% above today’s ($19.94) stock price. Syntel Inc. has been the topic of 18 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Wednesday, February 3 the stock rating was upgraded by Maxim Group to “Buy”. The company was upgraded on Monday, January 11 by JP Morgan. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Hold” rating by Maxim Group on Tuesday, October 4. The rating was upgraded by Robert W. Baird on Thursday, August 20 to “Outperform”. Robert W. Baird maintained the shares of SYNT in a report on Tuesday, September 13 with “Neutral” rating. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Market Perform” rating by Wells Fargo on Friday, February 19. The firm earned “Hold” rating on Monday, October 24 by Suntrust Robinson. The firm has “Neutral” rating given on Wednesday, October 5 by Robert W. Baird. SunTrust maintained it with “Buy” rating and $32 target price in Wednesday, October 5 report. The company was initiated on Thursday, September 10 by Suntrust Robinson.
More recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Streetinsider.com which released: “Syntel, Inc. (SYNT) CEO Rakesh Resigns; Interim CEO Named” on November 04, 2016. Also Streetinsider.com published the news titled: “Syntel, Inc. (SYNT) Tops Q3 EPS by 1c, Revenue Comes in Light” on October 20, 2016. Streetinsider.com‘s news article titled: “Form 8-K SYNTEL INC For: Nov 16” with publication date: November 16, 2016 was also an interesting one.
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.”
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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