Prudential Financial Inc. grew its holdings in Syntel, Inc. (NASDAQ:SYNT) by 66.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,974 shares of the information technology services provider’s stock after acquiring an additional 42,170 shares during the quarter. Prudential Financial Inc. owned 0.13% of Syntel worth $2,082,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Syntel by 1.3% in the second quarter. Rhumbline Advisers now owns 43,880 shares of the information technology services provider’s stock valued at $744,000 after acquiring an additional 553 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Syntel by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 27,574 shares of the information technology services provider’s stock valued at $468,000 after acquiring an additional 683 shares during the period. Legal & General Group Plc boosted its position in shares of Syntel by 8.0% in the second quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock valued at $202,000 after acquiring an additional 881 shares during the period. BRYN MAWR TRUST Co boosted its position in shares of Syntel by 0.9% in the second quarter. BRYN MAWR TRUST Co now owns 110,661 shares of the information technology services provider’s stock valued at $1,877,000 after acquiring an additional 987 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Syntel by 14.7% in the second quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock valued at $272,000 after acquiring an additional 2,054 shares during the period. 36.61% of the stock is owned by institutional investors.

Shares of Syntel, Inc. (NASDAQ:SYNT) opened at $25.21 on Wednesday. Syntel, Inc. has a 52-week low of $15.82 and a 52-week high of $25.81. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $2,106.98, a PE ratio of 12.84, a P/E/G ratio of 1.36 and a beta of 1.12.

Syntel (NASDAQ:SYNT) last posted its quarterly earnings data on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.17. Syntel had a net margin of 18.64% and a negative return on equity of 137.94%. The business had revenue of $231.34 million during the quarter. During the same period in the prior year, the company earned $0.63 EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. analysts expect that Syntel, Inc. will post 1.87 EPS for the current fiscal year.

SYNT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Syntel from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Cowen reissued a “hold” rating and issued a $18.00 target price on shares of Syntel in a research report on Tuesday, August 22nd. ValuEngine cut shares of Syntel from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and set a $20.00 price objective on shares of Syntel in a research report on Wednesday, October 4th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price objective on shares of Syntel in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.10.

In related news, insider Daniel M. Moore sold 1,080 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total transaction of $26,125.20. Following the completion of the sale, the insider now owns 22,963 shares of the company’s stock, valued at $555,474.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 5,611 shares of company stock valued at $134,307 in the last ninety days. 61.10% of the stock is currently owned by company insiders.

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Syntel Company Profile

Syntel, Inc (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom.

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Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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