Robeco Institutional Asset Management B.V. Takes $480,000 Position in Syntel, Inc. (SYNT)

Robeco Institutional Asset Management B.V. bought a new stake in shares of Syntel, Inc. (NASDAQ:SYNT) during the 4th quarter, Holdings Channel reports. The fund bought 20,872 shares of the information technology services provider’s stock, valued at approximately $480,000.

A number of other hedge funds have also bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in 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 worth $468,000 after purchasing an additional 683 shares during the last quarter. Legal & General Group Plc boosted its position in 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 worth $202,000 after purchasing an additional 881 shares during the last quarter. Voya Investment Management LLC boosted its position in 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 worth $272,000 after purchasing an additional 2,054 shares during the last quarter. Group One Trading L.P. boosted its position in Syntel by 52.2% in 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 purchasing an additional 2,498 shares during the last quarter. Finally, ARGA Investment Management LP boosted its position in Syntel by 1.0% in the third quarter. ARGA Investment Management LP now owns 253,100 shares of the information technology services provider’s stock worth $4,973,000 after purchasing an additional 2,600 shares during the last quarter. 36.66% of the stock is currently owned by institutional investors and hedge funds.

SYNT has been the topic of several research analyst reports. ValuEngine raised Syntel from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded Syntel from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Friday, October 20th. Needham & Company LLC boosted their target price on Syntel from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Loop Capital restated a “buy” rating and issued a $28.00 target price on shares of Syntel in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Finally, TheStreet upgraded Syntel from a “d+” rating to a “c” rating in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.31.

Shares of Syntel, Inc. (NASDAQ:SYNT) opened at $21.20 on Friday. The stock has a market capitalization of $1,769.76, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07. Syntel, Inc. has a one year low of $15.82 and a one year high of $26.33.

In other Syntel news, insider Daniel M. Moore sold 1,080 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $24.19, for a total value of $26,125.20. Following the sale, the insider now directly owns 22,963 shares in the company, valued at $555,474.97. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 3,944 shares of company stock worth $99,584. Corporate insiders own 61.10% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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