Syntel, Inc. (SYNT)’s Trend Down, Especially After Forming a Multiple Bottom Chart Pattern

July 18, 2017 - By Richard Conner

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.50, from 1.17 in 2016Q3. It dropped, as 61 investors sold Syntel, Inc. shares while 40 reduced holdings. 26 funds opened positions while 42 raised stakes. 28.53 million shares or 2.78% less from 29.34 million shares in 2016Q3 were reported.
Blackrock Gru Limited reported 23,848 shares or 0% of all its holdings. Financial Bank Of Montreal Can accumulated 0% or 34 shares. Bragg Fincl Advsr owns 24,863 shares. 15,860 were reported by Landscape Capital Mgmt Ltd. Stifel Corp stated it has 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Menta Ltd Liability Company holds 45,095 shares or 0.07% of its portfolio. Horizon Kinetics Lc stated it has 21,280 shares. Group Inc Incorporated stated it has 0% in Syntel, Inc. (NASDAQ:SYNT). Susquehanna International Group Llp owns 117,931 shares. Swiss Commercial Bank owns 52,400 shares or 0% of their US portfolio. Blackrock owns 0% invested in Syntel, Inc. (NASDAQ:SYNT) for 2,718 shares. Pekin Singer Strauss Asset Mngmt Il, a Illinois-based fund reported 599,079 shares. Next Financial Grp Incorporated Inc reported 380 shares. Freestone Cap Ltd invested in 473,688 shares or 0% of the stock. Ftb Advsrs reported 0% stake.

Since May 3, 2017, it had 2 insider buys, and 0 insider sales for $100,700 activity. Reddy Murlidhar had bought 1,986 shares worth $35,411. Jain Anil had bought 3,775 shares worth $65,289 on Wednesday, May 3.

The stock of Syntel, Inc. (SYNT) shows a multiple bottoms pattern with $15.57 target or 7.00 % below today’s $16.74 share price. The 9 months chart pattern indicates high risk for the $1.41 billion company. It was reported on Jul, 18 by Finviz.com. If the $15.57 price target is reached, the company will be worth $98.70 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 0.12% or $0.02 during the last trading session, reaching $16.74. About shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since July 18, 2016 and is downtrending. It has underperformed by 49.34% the S&P500.

Analysts expect Syntel, Inc. (NASDAQ:SYNT) to report $0.40 EPS on July, 20.They anticipate $0.30 EPS change or 42.86 % from last quarter’s $0.7 EPS. SYNT’s profit would be $33.69M giving it 10.46 P/E if the $0.40 EPS is correct. After having $0.46 EPS previously, Syntel, Inc.’s analysts see -13.04 % EPS growth.

Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage

Among 11 analysts covering Syntel Inc. (NASDAQ:SYNT), 2 have Buy rating, 0 Sell and 9 Hold. Therefore 18% are positive. Syntel Inc. had 21 analyst reports since August 14, 2015 according to SRatingsIntel. On Thursday, August 20 the stock rating was upgraded by Robert W. Baird to “Outperform”. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Neutral” rating by Robert W. Baird on Monday, April 18. SunTrust initiated the stock with “Buy” rating in Thursday, September 10 report. The company was downgraded on Monday, October 24 by Suntrust Robinson. SunTrust downgraded Syntel, Inc. (NASDAQ:SYNT) on Monday, October 24 to “Hold” rating. Needham maintained the stock with “Buy” rating in Friday, October 21 report. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Thursday, September 10 by Suntrust Robinson. As per Tuesday, January 10, the company rating was initiated by Loop Capital. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, September 13. The stock has “Mkt Perform” rating by Barrington Research on Thursday, September 22.

More notable recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Seekingalpha.com which released: “3 Reasons To Reconsider Your Syntel Investment” on July 05, 2017, also Seekingalpha.com with their article: “Syntel: Lean Operator’s Slowing Sales Are Destined To Reverse” published on April 16, 2017, Globenewswire.com published: “Syntel to Announce Second Quarter 2017 Results on Thursday, July 20, 2017” on July 14, 2017. More interesting news about Syntel, Inc. (NASDAQ:SYNT) were released by: Fool.com and their article: “Why Syntel, Inc. Shares Got Clobbered Today” published on February 16, 2017 as well as Seekingalpha.com‘s news article titled: “Syntel Demonstrates The Power Of Free Cash Flow” with publication date: April 26, 2017.

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