Ipg Investment Advisors Llc Decreased Syntel Inc Com (NASDAQ:SYNT) Stake By $9.56 Billion

August 12, 2018 - By Mary Markley

Syntel, Inc. (NASDAQ:SYNT) LogoInvestors sentiment increased to 1.75 in Q1 2018. Its up 0.06, from 1.69 in 2017Q4. It improved, as 15 investors sold SYNT shares while 45 reduced holdings. 38 funds opened positions while 67 raised stakes. 31.74 million shares or 1.27% less from 32.15 million shares in 2017Q4 were reported. Ubs Asset Americas stated it has 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Secor Cap Limited Partnership owns 112,879 shares or 0.24% of their US portfolio. 125,792 are owned by Highbridge Capital Ltd Limited Liability Company. Tudor Inv Et Al owns 11,328 shares. Cap Rech Global Invsts reported 0.01% in Syntel, Inc. (NASDAQ:SYNT). Great Lakes Ltd Liability has invested 0.15% in Syntel, Inc. (NASDAQ:SYNT). Leuthold Gru Limited Liability Corp has invested 0.05% in Syntel, Inc. (NASDAQ:SYNT). 65,565 were accumulated by Zebra Capital Management Lc. Fmr Limited Liability Corp holds 2.14M shares. Hbk Invs Limited Partnership has invested 0.02% in Syntel, Inc. (NASDAQ:SYNT). Tiaa Cref Inv Mngmt holds 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 189,782 shares. New Vernon Ii Limited Liability has 9,889 shares for 0.35% of their portfolio. Pekin Singer Strauss Asset Management Il has invested 1.66% in Syntel, Inc. (NASDAQ:SYNT). Sg Americas Llc holds 16,219 shares or 0% of its portfolio. The Pennsylvania-based Clark Cap Mgmt Gp has invested 0.06% in Syntel, Inc. (NASDAQ:SYNT).

Since February 21, 2018, it had 0 insider purchases, and 6 selling transactions for $1.68 million activity. 32 Syntel, Inc. (NASDAQ:SYNT) shares with value of $952 were sold by Salelkar Avinash. $1,338 worth of stock was sold by Reddy Murlidhar on Wednesday, May 9. Venkatesan Sundarraj sold $133,477 worth of stock. Aggarwal Rahul B. had sold 1,800 shares worth $47,981.

Ipg Investment Advisors Llc decreased its stake in Syntel Inc Com (NASDAQ:SYNT) by 47.18% based on its latest 2018Q2 regulatory filing with the SEC. Ipg Investment Advisors Llc sold 297,800 shares as the company’s stock rose 18.09% while stock markets declined. The institutional investor held 333,455 shares of the technology company at the end of 2018Q2, valued at $10.70 billion, down from 631,255 at the end of the previous reported quarter. Ipg Investment Advisors Llc who had been investing in Syntel Inc Com for a number of months, seems to be less bullish one the $3.37 billion market cap company. The stock decreased 0.15% or $0.06 during the last trading session, reaching $40.6. About 640,055 shares traded. Syntel, Inc. (NASDAQ:SYNT) has risen 70.15% since August 13, 2017 and is uptrending. It has outperformed by 57.58% the S&P500.

Ipg Investment Advisors Llc is a California-based institutional investor with more than $978.63 million AUM in November, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Ipg Investment Advisors latest Adv, the fund reported to have 16 full and part-time employees. Among which 16 performing investment advisory and research functions. The institutional investor had more than 700 clients.

Syntel, Inc. (NASDAQ:SYNT) Ratings Coverage

Among 6 analysts covering Syntel (NASDAQ:SYNT), 0 have Buy rating, 1 Sell and 5 Hold. Therefore 0 are positive. Syntel had 9 analyst reports since February 15, 2018 according to SRatingsIntel. As per Friday, April 20, the company rating was upgraded by Wells Fargo. The firm has “Sell” rating by Wells Fargo given on Wednesday, June 20. Susquehanna maintained Syntel, Inc. (NASDAQ:SYNT) on Friday, April 20 with “Hold” rating. Cowen & Co maintained it with “Hold” rating and $23.0 target in Thursday, February 15 report. The firm earned “Hold” rating on Thursday, April 19 by Cowen & Co. The rating was maintained by SunTrust with “Hold” on Friday, April 20. Robert W. Baird maintained it with “Hold” rating and $2600 target in Thursday, April 5 report. The firm has “Hold” rating by SunTrust given on Friday, February 16.

Syntel, Inc. provides digital transformation, information technology , and knowledge process outsourcing (KPO) services worldwide. The company has market cap of $3.37 billion. The firm operates through Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics, and Telecom divisions. It has a 18.97 P/E ratio. It offers managed services, including software applications development, maintenance, and digital modernization testing, as well as IT infrastructure, cloud, and migration services.

More important recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Benzinga.com which released: “Syntel Q2 Earnings Preview” on July 18, 2018, also Globenewswire.com published article titled: “Bragar Eagel & Squire, PC is Investigating the Board of Directors of Syntel, Inc. (NASDAQ: SYNT) on Behalf of …”, Globenewswire.com published: “Syntel Reports Second Quarter 2018 Financial Results” on July 26, 2018. More interesting news about Syntel, Inc. (NASDAQ:SYNT) was released by: Nasdaq.com and their article: “Syntel enters definitive agreement to be acquired by Atos SE” with publication date: July 22, 2018.

Syntel, Inc. (NASDAQ:SYNT) Institutional Positions Chart

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