Syntel (SYNT) Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Syntel (NASDAQ:SYNT) by 283.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,000 shares of the information technology services provider’s stock after buying an additional 59,128 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.10% of Syntel worth $2,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in shares of Syntel by 5.4% during the first quarter. Swiss National Bank now owns 58,300 shares of the information technology services provider’s stock worth $1,488,000 after purchasing an additional 3,000 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Syntel by 2.1% during the fourth quarter. Teachers Advisors LLC now owns 173,139 shares of the information technology services provider’s stock worth $3,980,000 after purchasing an additional 3,566 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Syntel by 265.2% during the first quarter. Meeder Asset Management Inc. now owns 5,807 shares of the information technology services provider’s stock worth $148,000 after purchasing an additional 4,217 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Syntel by 1,208.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,679 shares of the information technology services provider’s stock worth $130,000 after purchasing an additional 5,245 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Syntel during the fourth quarter worth about $144,000. 39.97% of the stock is owned by institutional investors.

Shares of Syntel opened at $31.65 on Thursday, according to MarketBeat. Syntel has a 12-month low of $15.88 and a 12-month high of $31.76. The stock has a market cap of $2.56 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 2.13 and a beta of 0.73. The company has a debt-to-equity ratio of 7.25, a current ratio of 1.83 and a quick ratio of 1.83.

Syntel (NASDAQ:SYNT) last announced its quarterly earnings data on Thursday, April 19th. The information technology services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.11. Syntel had a net margin of 18.40% and a negative return on equity of 504.52%. The company had revenue of $245.35 million during the quarter. During the same period in the prior year, the company posted $0.46 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. equities analysts forecast that Syntel will post 1.93 earnings per share for the current year.

A number of analysts have recently commented on the stock. SunTrust Banks reissued a “hold” rating and set a $29.00 target price on shares of Syntel in a research note on Friday, April 20th. Zacks Investment Research raised shares of Syntel from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, May 1st. Barrington Research reissued a “hold” rating on shares of Syntel in a research note on Monday, February 26th. Wellington Shields raised shares of Syntel from a “hold” rating to an “accumulate” rating in a research note on Thursday, April 19th. Finally, BidaskClub raised shares of Syntel from a “sell” rating to a “hold” rating in a research note on Saturday, March 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.75.

In related news, insider Daniel M. Moore sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.69, for a total transaction of $53,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rahul B. Aggarwal sold 1,800 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.66, for a total transaction of $47,988.00. Following the sale, the vice president now directly owns 10,430 shares of the company’s stock, valued at approximately $278,063.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,877 shares of company stock valued at $103,658. 58.10% of the stock is owned by corporate insiders.

Syntel Profile

Syntel, Inc provides digital transformation, information technology (IT), and knowledge process outsourcing (KPO) services worldwide. The company operates through Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics, and Telecom segments. It provides end-to-end, integrated application, and infrastructure management services; develops software applications; and offers legacy modernization services, such as software analysis, language conversion, reverse engineering, database migration, code optimization, cloud onboarding and migration, ecosystem migration, testing, and management.

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Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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