Syntel Inc (NASDAQ:SYNT) Sentiment Report

July 17, 2017 - By Vivian Currie

 Syntel Inc (NASDAQ:SYNT) Sentiment Report

Sentiment for Syntel Inc (NASDAQ:SYNT)

Syntel Inc (NASDAQ:SYNT) institutional sentiment decreased to 0.67 in Q4 2016. Its down -0.50, from 1.17 in 2016Q3. The ratio dropped, as 68 funds increased and opened new positions, while 101 decreased and sold equity positions in Syntel Inc. The funds in our partner’s database now have: 28.53 million shares, down from 29.34 million shares in 2016Q3. Also, the number of funds holding Syntel Inc in their top 10 positions decreased from 4 to 1 for a decrease of 3. Sold All: 61 Reduced: 40 Increased: 42 New Position: 26.

Syntel, Inc. is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The company has market cap of $1.41 billion. The Firm operates through five divisions: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom. It currently has negative earnings. Syntel provides a range of services to its clients through its IT services, including Managed Services, Digital One and through its KPO services.

The stock increased 0.12% or $0.02 during the last trading session, reaching $16.74. About 154,602 shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since July 17, 2016 and is downtrending. It has underperformed by 49.34% the S&P500.

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on July, 20. They expect $0.40 earnings per share, down 42.86 % or $0.30 from last year’s $0.7 per share. SYNT’s profit will be $33.69 million for 10.46 P/E if the $0.40 EPS becomes a reality. After $0.46 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -13.04 % negative EPS growth.

Rk Asset Management Llc holds 3.61% of its portfolio in Syntel, Inc. for 227,430 shares. Intrepid Capital Management Inc owns 357,700 shares or 3.12% of their US portfolio. Moreover, Pekin Singer Strauss Asset Management Il has 1.06% invested in the company for 599,079 shares. The Connecticut-based Zebra Capital Management Llc has invested 0.78% in the stock. Fort L.P., a Maryland-based fund reported 116,744 shares.#img1#

Since January 1, 0001, it had 2 insider buys, and 0 selling transactions for $100,700 activity.

Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage

Ratings analysis reveals 18% of Syntel Inc.’s analysts are positive. Out of 11 Wall Street analysts rating Syntel Inc., 2 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $23 while the high is $58. The stock’s average target of $31.33 is 87.16% above today’s ($16.74) share price. SYNT was included in 21 notes of analysts from August 14, 2015. Suntrust Robinson initiated Syntel, Inc. (NASDAQ:SYNT) on Thursday, September 10 with “Buy” rating. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Neutral” rating by JP Morgan on Monday, January 11. The stock has “Outperform” rating by Robert W. Baird on Thursday, August 20. The firm has “Buy” rating by Loop Capital given on Tuesday, January 10. The stock has “Buy” rating by Needham on Friday, February 17. As per Thursday, September 22, the company rating was downgraded by Barrington Research. The firm earned “Buy” rating on Friday, October 21 by Needham. As per Friday, February 19, the company rating was downgraded by Wells Fargo. The rating was initiated by SunTrust on Thursday, September 10 with “Buy”. Maxim Group maintained it with “Hold” rating and $28 target in Tuesday, October 4 report.

More notable recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Seekingalpha.com which released: “Syntel: Lean Operator’s Slowing Sales Are Destined To Reverse” on April 16, 2017, also Seekingalpha.com with their article: “Syntel Demonstrates The Power Of Free Cash Flow” published on April 26, 2017, Globenewswire.com published: “Syntel to Announce First Quarter 2017 Results on Thursday, April 20, 2017” on April 13, 2017. More interesting news about Syntel, Inc. (NASDAQ:SYNT) were released by: Seekingalpha.com and their article: “3 Reasons To Reconsider Your Syntel Investment” published on July 05, 2017 as well as Seekingalpha.com‘s news article titled: “Syntel: Price Has Changed, Business Hasn’t” with publication date: January 05, 2017.

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