Quantitative Systematic Strategies LLC Buys New Holdings in Syntel, Inc. (SYNT)

Quantitative Systematic Strategies LLC acquired a new stake in shares of Syntel, Inc. (NASDAQ:SYNT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,631 shares of the information technology services provider’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Group One Trading L.P. grew its position in shares of Syntel by 52.2% during the third quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock worth $143,000 after buying an additional 2,498 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Syntel during the fourth quarter valued at $144,000. UBS Asset Management Americas Inc. acquired a new position in shares of Syntel during the second quarter valued at $181,000. PEAK6 Investments L.P. bought a new stake in shares of Syntel during the third quarter valued at about $223,000. Finally, Voya Investment Management LLC raised its stake in shares of Syntel by 14.7% during 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 purchasing an additional 2,054 shares in the last quarter. Institutional investors own 36.62% of the company’s stock.

Syntel, Inc. (NASDAQ:SYNT) traded up $1.16 during trading hours on Friday, reaching $26.87. The company’s stock had a trading volume of 972,102 shares, compared to its average volume of 517,764. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel, Inc. has a 52 week low of $15.82 and a 52 week high of $27.16. The stock has a market cap of $2,226.29, a PE ratio of 13.24, a PEG ratio of 1.48 and a beta of 1.01.

Syntel (NASDAQ:SYNT) last announced its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.23. The business had revenue of $239.81 million during the quarter, compared to analysts’ expectations of $214.67 million. Syntel had a negative return on equity of 170.67% and a net margin of 18.00%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. sell-side analysts forecast that Syntel, Inc. will post 1.85 EPS for the current year.

Several equities research analysts have commented on the stock. William Blair reiterated a “market perform” rating on shares of Syntel in a research report on Thursday. ValuEngine upgraded shares of Syntel from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Maxim Group reiterated a “hold” rating on shares of Syntel in a research report on Thursday. Zacks Investment Research cut Syntel from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, BidaskClub cut Syntel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 23rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Syntel presently has an average rating of “Hold” and an average target price of $23.00.

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About Syntel

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.

Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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