The New Desai Bharat Holding in Syntel Inc
Desai Bharat filed with the SEC SC 13D/A form for Syntel Inc. The form can be accessed here: 000119312516775106. As reported in Desai Bharat’s form, the filler as of late owns 37% or 31,142,777 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 Desai Bharat’s positive view for the stock.
Reasons Why Desai Bharat 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 Schedule 13D. Those discussions, whether initiated by third parties or the ReportingPerson, 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 in clauses(c)through (j)of Item4 of Schedule 13D.
Other than as stated in this Item, as of the date of this AmendmentNo.10, 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 is positive, 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, Barbara Oil has 0.44% invested in Syntel, Inc. (NASDAQ:SYNT) for 12,000 shares. Lucus Advsr Limited Company has 7,835 shares for 0.29% of their US portfolio. Cantab Cap Llp last reported 0% of its portfolio in the stock. Catalyst Advsr Limited Com has invested 0.02% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Oxford Asset Management has invested 0.13% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Tiaa Cref Mngmt Limited Liability Corporation, a New York-based fund reported 172,848 shares. Moreover, New York State Common Retirement Fund has 0% invested in Syntel, Inc. (NASDAQ:SYNT) for 31,900 shares. The Illinois-based Blair William Il has invested 0.01% in Syntel, Inc. (NASDAQ:SYNT). First Republic Invest Mgmt holds 0.07% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 157,262 shares. The Texas-based Bbva Compass Bancorp has invested 0.09% in Syntel, Inc. (NASDAQ:SYNT). Bluecrest Management Limited owns 18,753 shares or 0.04% of their US portfolio. Brandywine Management Limited Liability last reported 0.09% of its portfolio in the stock. Blackrock Incorporated has 2,922 shares for 0% of their US portfolio. Adams Diversified Equity Fund Inc owns 8,200 shares or 0.02% of their US portfolio. Fort Lp accumulated 45,220 shares or 0.84% of the stock.
Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 23 selling transactions for $1.18 million net activity. $73,511 worth of Syntel, Inc. (NASDAQ:SYNT) shares were sold by Rakesh Nitin. The insider Reddy Murlidhar sold 267 shares worth $11,617. Jain Anil sold $56,994 worth of Syntel, Inc. (NASDAQ:SYNT) on Monday, August 22. On Tuesday, September 6 the insider Raj V S sold $11,617. Another trade for 3,200 shares valued at $146,514 was made by Ranade Prashant on Monday, August 22. Salelkar Avinash sold $217,773 worth of stock or 5,000 shares. 718 shares were sold by Ray Raja, worth $30,653 on Wednesday, September 7.
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. The rating was maintained by Maxim Group on Tuesday, October 4 with “Hold”. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Neutral” rating given on Monday, January 11 by JP Morgan. SunTrust maintained the stock with “Buy” rating in Wednesday, October 5 report. As per Monday, October 24, the company rating was downgraded by Suntrust Robinson. SunTrust initiated the shares of SYNT in a report on Thursday, September 10 with “Buy” rating. As per Wednesday, February 3, the company rating was upgraded by Maxim Group. The rating was upgraded by Robert W. Baird to “Outperform” on Thursday, August 20. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Thursday, September 10 by Suntrust Robinson. On Friday, February 19 the stock rating was downgraded by Wells Fargo to “Market Perform”. The company was downgraded on Friday, July 15 by Maxim Group.
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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