Arga Investment Management LP Trimmed Syntel (SYNT) Position; Lear (LEA) Covered By 12 Bulls

June 23, 2018 - By Michael Collier

Syntel, Inc. (NASDAQ:SYNT) Logo

Arga Investment Management Lp decreased Syntel Inc (SYNT) stake by 33.41% reported in 2018Q1 SEC filing. Arga Investment Management Lp sold 188,575 shares as Syntel Inc (SYNT)’s stock rose 18.09%. The Arga Investment Management Lp holds 375,900 shares with $9.60M value, down from 564,475 last quarter. Syntel Inc now has $2.66 billion valuation. The stock increased 1.01% or $0.32 during the last trading session, reaching $32.01. About 300,336 shares traded. Syntel, Inc. (NASDAQ:SYNT) has risen 70.15% since June 23, 2017 and is uptrending. It has outperformed by 57.58% the S&P500. Some Historical SYNT News: 19/04/2018 – Syntel 1Q Net $45.6M; 19/04/2018 – Syntel 1Q Rev $245.3M; 13/04/2018 – Syntel Closes Below 50-Day Moving Average: Technicals; 19/04/2018 – SYNTEL INC SYNT.O FY2018 SHR VIEW $1.86, REV VIEW $929.2 MLN — THOMSON REUTERS l/B/E/S; 19/04/2018 – SYNTEL INC SYNT.O SEES FY 2018 REVENUE $920 MLN TO $960 MLN; 31/05/2018 – Syntel Non-Deal Roadshow Scheduled By SunTrust for Jun. 7; 14/05/2018 – Syntel Presenting at JPMorgan Conference Tomorrow; 19/04/2018 – Syntel 1Q EPS 55c; 19/04/2018 – SYNTEL 1Q EPS 55C, EST. 44C

Among 21 analysts covering Lear Corporation (NYSE:LEA), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Lear Corporation had 80 analyst reports since July 27, 2015 according to SRatingsIntel. As per Thursday, July 27, the company rating was maintained by Barclays Capital. The firm earned “Buy” rating on Tuesday, August 25 by Zacks. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, October 14 report. The stock of Lear Corporation (NYSE:LEA) earned “Equal Weight” rating by Barclays Capital on Monday, January 25. On Thursday, October 26 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, July 11. As per Tuesday, April 11, the company rating was maintained by RBC Capital Markets. Barclays Capital maintained Lear Corporation (NYSE:LEA) rating on Friday, October 20. Barclays Capital has “Equal-Weight” rating and $171 target. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, October 1. The firm has “Sell” rating by Goldman Sachs given on Thursday, October 6. See Lear Corporation (NYSE:LEA) latest ratings:

14/05/2018 Broker: Evercore Old Rating: In-Line New Rating: Outperform Upgrade
30/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $234 New Target: $243 Maintain
27/04/2018 Broker: Longbow Rating: Buy New Target: $225.0000 Maintain
19/04/2018 Broker: Citigroup Rating: Buy New Target: $234.0000 Maintain
17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $200 New Target: $199 Maintain
17/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $218.0000 Maintain
22/03/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Equal-Weight Upgrade
14/03/2018 Broker: Susquehanna Rating: Hold New Target: $188.0 Maintain
14/02/2018 Broker: Citigroup Rating: Buy New Target: $234.0 Maintain
07/02/2018 Broker: Deutsche Bank Rating: Buy New Target: $242.0 Upgrade

More notable recent Syntel, Inc. (NASDAQ:SYNT) news were published by: Benzinga.com which released: “Wells Fargo Downgrades Syntel After 48% Run, Sees Need For Client Diversification” on June 21, 2018, also Nasdaq.com with their article: “Market Trends Toward New Normal in AZZ, Vishay Precision Group, Benchmark Electronics, Pegasystems, Syntel, and …” published on June 20, 2018, Benzinga.com published: “56 Biggest Movers From Yesterday” on June 22, 2018. More interesting news about Syntel, Inc. (NASDAQ:SYNT) were released by: Benzinga.com and their article: “30 Stocks Moving In Thursday’s Pre-Market Session” published on June 21, 2018 as well as Benzinga.com‘s news article titled: “44 Stocks Moving In Thursday’s Mid-Day Session” with publication date: June 21, 2018.

Since February 21, 2018, it had 0 insider buys, and 6 selling transactions for $1.68 million activity. 4,000 shares were sold by Reddy Murlidhar, worth $132,700 on Friday, June 8. Shares for $47,981 were sold by Aggarwal Rahul B. on Thursday, March 1. Venkatesan Sundarraj sold $133,477 worth of stock or 5,000 shares. Shares for $952 were sold by Salelkar Avinash. The insider Ranade Prashant sold 50,000 shares worth $1.36 million.

Among 14 analysts covering Syntel Inc. (NASDAQ:SYNT), 1 have Buy rating, 1 Sell and 12 Hold. Therefore 7% are positive. Syntel Inc. had 42 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Mkt Perform” rating given on Thursday, September 22 by Barrington Research. The stock of Syntel, Inc. (NASDAQ:SYNT) has “Buy” rating given on Wednesday, October 5 by SunTrust. Maxim Group maintained the shares of SYNT in report on Tuesday, October 4 with “Hold” rating. The rating was downgraded by SunTrust on Monday, October 24 to “Hold”. The company was maintained on Tuesday, August 22 by Cowen & Co. As per Friday, October 16, the company rating was initiated by Cantor Fitzgerald. The rating was maintained by Robert W. Baird on Friday, September 1 with “Hold”. The company was maintained on Friday, April 20 by Susquehanna. The firm has “Hold” rating by Cowen & Co given on Thursday, April 19. The stock has “Hold” rating by Robert W. Baird on Tuesday, October 3.

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on July, 19. They expect $0.44 earnings per share, 0.00% or $0.00 from last year’s $0.44 per share. SYNT’s profit will be $36.51 million for 18.19 P/E if the $0.44 EPS becomes a reality. After $0.55 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Investors sentiment increased to 1.75 in 2018 Q1. Its up 0.06, from 1.69 in 2017Q4. It is positive, 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. Btim reported 462,018 shares. Goldman Sachs Grp Inc Inc holds 0% or 752,439 shares in its portfolio. Wellington Group Llp invested in 11,837 shares. Rk Asset Mngmt Ltd Com reported 5.98% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Prudential Fincl Incorporated invested in 0% or 95,569 shares. Advisory Svcs Ltd Llc accumulated 3,236 shares. Lpl Fincl Limited Liability Company holds 0% in Syntel, Inc. (NASDAQ:SYNT) or 47,212 shares. New Vernon Capital Hldgs Ii Ltd Liability Corporation has invested 0.35% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Blackrock has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Ipg Investment Advsrs Ltd Liability Company reported 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Hsbc Hldgs Public Ltd Company has invested 0% in Syntel, Inc. (NASDAQ:SYNT). Schroder Investment Mngmt Group Incorporated owns 0.05% invested in Syntel, Inc. (NASDAQ:SYNT) for 1.07 million shares. Barclays Public Ltd Co owns 92,463 shares. Bluecrest Capital has invested 0.01% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Federated Invsts Inc Pa holds 60,320 shares or 0% of its portfolio.

Arga Investment Management Lp increased Silicon Motion Technol (NASDAQ:SIMO) stake by 11,175 shares to 2.10 million valued at $101.05 million in 2018Q1. It also upped Conduent Inc stake by 23,025 shares and now owns 357,993 shares. Mylan Nv (NASDAQ:MYL) was raised too.

The stock decreased 1.58% or $3.14 during the last trading session, reaching $195.7. About 1.57 million shares traded or 166.91% up from the average. Lear Corporation (NYSE:LEA) has risen 37.02% since June 23, 2017 and is uptrending. It has outperformed by 24.45% the S&P500. Some Historical LEA News: 22/03/2018 – LEAR CORP LEA.N : MORGAN STANLEY RAISES TO EQUAL-WEIGHT FROM UNDERWEIGHT; 26/04/2018 – Lear 1Q EPS $5.16; 14/05/2018 – LEAR’S RATINGS OUTLOOK TO POSITIVE BY MOODY’S; 02/05/2018 – Globe Mail [Reg]: Lear Corp. factory strike halts car production at Fiat Chrysler’s Brampton assembly plant; 26/04/2018 – Lear 1Q Net Income Rose 16%; Company Raises 2018 Outlook; 04/04/2018 – WJRT-TV: Lear Corp. employees volunteer time at Catholic Charities of Flint; 05/04/2018 – Andrew Smith Joins Lear Investment Management As Research Analyst; 22/03/2018 – LEAR CORP LEA.N : MORGAN STANLEY RAISES TARGET PRICE TO $191 FROM $148; 06/04/2018 – INTERNATIONAL AUTOMOTIVE COMPONENTS SAYS WL ROSS AND FRANKLIN MUTUAL ADVISERS WILL REMAIN CO’S MAJORITY SHAREHOLDERS; 06/04/2018 – IAC GROUP RECEIVES STRATEGIC INVESTMENT FROM GAMUT CAPITAL MANAGEMENT

Another recent and important Lear Corporation (NYSE:LEA) news was published by Streetinsider.com which published an article titled: “Lear Corp. (LEA) option implied volatility flat after Trump says 20% tariffs may be placed on all imported European cars” on June 22, 2018.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.03, from 0.96 in 2017Q4. It worsened, as 23 investors sold Lear Corporation shares while 193 reduced holdings. 64 funds opened positions while 136 raised stakes. 55.69 million shares or 4.05% less from 58.04 million shares in 2017Q4 were reported. Keybank Natl Association Oh holds 0% in Lear Corporation (NYSE:LEA) or 3,689 shares. Plante Moran Limited Liability Company reported 0.07% in Lear Corporation (NYSE:LEA). Leuthold Gp Ltd owns 38,488 shares or 0.81% of their US portfolio. Thompson Siegel Walmsley Ltd reported 0.02% in Lear Corporation (NYSE:LEA). Dreman Value Mngmt L L C owns 3,200 shares. Aviva Public Limited Company has 33,966 shares for 0.04% of their portfolio. Bb&T Securities Ltd Limited Liability Company accumulated 0.01% or 2,646 shares. Gulf Retail Bank (Uk) stated it has 0.05% in Lear Corporation (NYSE:LEA). Seizert Cap Prns Ltd Liability Co has 0.45% invested in Lear Corporation (NYSE:LEA). Catawba Management Va invested 0.06% in Lear Corporation (NYSE:LEA). Meiji Yasuda Asset Limited holds 0.04% of its portfolio in Lear Corporation (NYSE:LEA) for 2,370 shares. Gam Ag accumulated 5,732 shares or 0.04% of the stock. Fdx Advisors invested 0.06% in Lear Corporation (NYSE:LEA). Twin Tree Mngmt Lp holds 0% or 386 shares. Systematic Fincl Management Lp holds 0.01% or 2,225 shares.

Lear Corporation (NYSE:LEA) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: