Brandywine Global Investment Management LLC Invests $6.83 Million in Syntel, Inc. (SYNT) Stock

Brandywine Global Investment Management LLC acquired a new position in shares of Syntel, Inc. (NASDAQ:SYNT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 296,851 shares of the information technology services provider’s stock, valued at approximately $6,825,000. Brandywine Global Investment Management LLC owned 0.36% of Syntel as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its stake in Syntel by 47.2% in the second quarter. Parametric Portfolio Associates LLC now owns 40,495 shares of the information technology services provider’s stock valued at $687,000 after acquiring an additional 12,992 shares during the period. Voya Investment Management LLC grew its stake 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 valued at $272,000 after acquiring an additional 2,054 shares during the period. State Street Corp grew its stake in Syntel by 6.6% in the second quarter. State Street Corp now owns 660,670 shares of the information technology services provider’s stock valued at $11,207,000 after acquiring an additional 40,952 shares during the period. The Manufacturers Life Insurance Company grew its stake 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 valued at $468,000 after acquiring an additional 683 shares during the period. Finally, Prudential Financial Inc. grew its stake in Syntel by 66.1% in the third quarter. Prudential Financial Inc. now owns 105,974 shares of the information technology services provider’s stock valued at $2,082,000 after acquiring an additional 42,170 shares during the period. 40.43% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages have recently commented on SYNT. Zacks Investment Research upgraded Syntel from a “sell” rating to a “hold” rating in a report on Tuesday, February 20th. Robert W. Baird restated a “hold” rating and issued a $24.00 price target on shares of Syntel in a report on Thursday, December 21st. ValuEngine upgraded Syntel from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. BidaskClub lowered Syntel from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Finally, Wells Fargo lowered Syntel from a “market perform” rating to an “underperform” rating and cut their price target for the company from $24.16 to $21.00 in a report on Friday, December 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Syntel presently has a consensus rating of “Hold” and a consensus target price of $23.00.

In related news, insider Daniel M. Moore sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $26.69, for a total transaction of $53,380.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Rahul B. Aggarwal sold 1,800 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $26.66, for a total value of $47,988.00. Following the sale, the vice president now directly owns 10,430 shares in the company, valued at approximately $278,063.80. The disclosure for this sale can be found here. Insiders have sold 53,800 shares of company stock worth $1,460,368 in the last three months. 61.10% of the stock is currently owned by company insiders.

Shares of Syntel stock traded down $0.45 on Friday, hitting $25.06. The stock had a trading volume of 285,804 shares, compared to its average volume of 404,981. Syntel, Inc. has a twelve month low of $15.82 and a twelve month high of $27.72. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of -25.89. The company has a market capitalization of $2,079.10, a price-to-earnings ratio of 12.41, a PEG ratio of 1.80 and a beta of 0.74.

Syntel (NASDAQ:SYNT) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.39 by $0.23. Syntel had a negative return on equity of 218.07% and a net margin of 18.00%. The company had revenue of $239.81 million for the quarter. During the same period in the previous year, the company posted $0.57 EPS. Syntel’s revenue for the quarter was up .8% compared to the same quarter last year. equities research analysts predict that Syntel, Inc. will post 1.86 earnings per share for the current fiscal year.

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Syntel 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.

Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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