Syntel, Inc. (SYNT) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its stake in shares of Syntel, Inc. (NASDAQ:SYNT) by 46.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,700 shares of the information technology services provider’s stock after selling 117,311 shares during the quarter. LSV Asset Management’s holdings in Syntel were worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Mint Tower Capital Management B.V. acquired a new stake in shares of Syntel during the 3rd quarter worth approximately $156,000. CAPROCK Group Inc. acquired a new stake in shares of Syntel during the 3rd quarter worth approximately $224,000. Teacher Retirement System of Texas acquired a new stake in shares of Syntel during the 2nd quarter worth approximately $243,000. SP Asset Management acquired a new stake in shares of Syntel during the 2nd quarter worth approximately $406,000. Finally, Harvest Management LLC acquired a new stake in shares of Syntel during the 3rd quarter worth approximately $410,000. Institutional investors and hedge funds own 40.78% of the company’s stock.

SYNT opened at $40.99 on Friday. Syntel, Inc. has a 12 month low of $18.82 and a 12 month high of $41.06.

A number of analysts have recently weighed in on SYNT shares. Zacks Investment Research cut Syntel from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub cut Syntel from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.20.

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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.

See Also: Depreciation

Institutional Ownership by Quarter for Syntel (NASDAQ:SYNT)

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