Syntel (SYNT) Valuation Declined While Btim Has Decreased Its Position; As Grupo Fin Santander (BSMX) Stock Price Rose, Carmignac Gestion Decreased Stake

December 7, 2017 - By Migdalia James

Btim Corp decreased its stake in Syntel Inc (SYNT) by 23.81% based on its latest 2017Q2 regulatory filing with the SEC. Btim Corp sold 122,142 shares as the company’s stock declined 0.75% while stock markets rallied. The institutional investor held 390,806 shares of the technology company at the end of 2017Q2, valued at $6.63M, down from 512,948 at the end of the previous reported quarter. Btim Corp who had been investing in Syntel Inc for a number of months, seems to be less bullish one the $2.10B market cap company. The stock increased 0.75% or $0.19 during the last trading session, reaching $25.4. About 298,700 shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since December 7, 2016 and is downtrending. It has underperformed by 49.34% the S&P500.

Carmignac Gestion decreased its stake in Grupo Fin Santander (BSMX) by 0.86% based on its latest 2017Q2 regulatory filing with the SEC. Carmignac Gestion sold 38,700 shares as the company’s stock rose 26.32% with the market. The institutional investor held 4.49M shares of the commercial banks company at the end of 2017Q2, valued at $43.25 million, down from 4.53M at the end of the previous reported quarter. Carmignac Gestion who had been investing in Grupo Fin Santander for a number of months, seems to be less bullish one the $10.96B market cap company. The stock decreased 0.13% or $0.01 during the last trading session, reaching $7.74. About 2.96M shares traded or 39.35% up from the average. Grupo Financiero Santander México, S.A.B. de C.V. (NYSE:BSMX) has risen 7.22% since December 7, 2016 and is uptrending. It has underperformed by 9.48% the S&P500.




Btim Corp, which manages about $6.22B US Long portfolio, upped its stake in Oracle Corp (NYSE:ORCL) by 43,140 shares to 1.61 million shares, valued at $80.79 million in 2017Q2, according to the filing. It also increased its holding in State Street Corp (NYSE:STT) by 7,675 shares in the quarter, for a total of 495,367 shares, and has risen its stake in Hubbell Inc.

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on February, 15. They expect $0.39 earnings per share, down 31.58% or $0.18 from last year’s $0.57 per share. SYNT’s profit will be $32.31 million for 16.28 P/E if the $0.39 EPS becomes a reality. After $0.51 actual earnings per share reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -23.53% negative EPS growth.

Among 12 analysts covering Syntel Inc. (NASDAQ:SYNT), 2 have Buy rating, 0 Sell and 10 Hold. Therefore 17% are positive. Syntel Inc. had 31 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Buy” rating by Needham on Friday, February 17. On Friday, February 19 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm earned “Hold” rating on Tuesday, October 4 by Maxim Group. Suntrust Robinson initiated Syntel, Inc. (NASDAQ:SYNT) on Thursday, September 10 with “Buy” rating. Cowen & Co maintained the shares of SYNT in report on Tuesday, July 18 with “Hold” rating. The rating was upgraded by JP Morgan to “Neutral” on Monday, January 11. On Monday, October 24 the stock rating was downgraded by SunTrust to “Hold”. The company was maintained on Wednesday, October 5 by Robert W. Baird. The stock of Syntel, Inc. (NASDAQ:SYNT) earned “Buy” rating by Needham on Friday, October 21. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, September 13.

Investors sentiment increased to 1.24 in Q2 2017. Its up 0.30, from 0.94 in 2017Q1. It increased, as 22 investors sold SYNT shares while 29 reduced holdings. 19 funds opened positions while 44 raised stakes. 28.49 million shares or 4.56% more from 27.25 million shares in 2017Q1 were reported. Third Avenue Mgmt Ltd invested in 0.37% or 488,697 shares. Credit Suisse Ag holds 0% or 18,550 shares in its portfolio. Vanguard Gru Incorporated Inc holds 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 2.72 million shares. Barclays Public Limited holds 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT) for 26 shares. Moreover, Employees Retirement Sys Of Ohio has 0% invested in Syntel, Inc. (NASDAQ:SYNT) for 889 shares. 358 are owned by Us National Bank & Trust De. Next Gp reported 80 shares or 0% of all its holdings. Bnp Paribas Arbitrage has invested 0% of its portfolio in Syntel, Inc. (NASDAQ:SYNT). Sei Invs has 10 shares for 0% of their portfolio. Raymond James Assocs accumulated 66,097 shares. Bragg Fincl Advsr Incorporated has invested 0.1% in Syntel, Inc. (NASDAQ:SYNT). Schwerin Boyle Mgmt invested in 257,015 shares. Roberts Glore & Incorporated Il stated it has 25,975 shares or 0.29% of all its holdings. Clark Estates has invested 0.53% in Syntel, Inc. (NASDAQ:SYNT). Hays Advisory Ltd Liability Corp accumulated 93,749 shares or 0.39% of the stock.

Another recent and important Syntel, Inc. (NASDAQ:SYNT) news was published by Seekingalpha.com which published an article titled: “Syntel: Blowout Quarter Crushes Bears” on November 13, 2017.

Among 7 analysts covering Banco Santander Mexico (NYSE:BSMX), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. Banco Santander Mexico had 11 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs upgraded Grupo Financiero Santander México, S.A.B. de C.V. (NYSE:BSMX) on Tuesday, July 21 to “Neutral” rating. JP Morgan downgraded Grupo Financiero Santander México, S.A.B. de C.V. (NYSE:BSMX) on Thursday, August 4 to “Neutral” rating. UBS downgraded the stock to “Neutral” rating in Wednesday, September 7 report. The stock of Grupo Financiero Santander México, S.A.B. de C.V. (NYSE:BSMX) earned “Outperform” rating by Credit Suisse on Tuesday, October 13. The stock has “Neutral” rating by Citigroup on Monday, October 26. The firm earned “Hold” rating on Wednesday, November 1 by J.P. Morgan. Goldman Sachs downgraded Grupo Financiero Santander México, S.A.B. de C.V. (NYSE:BSMX) on Friday, September 23 to “Sell” rating. As per Friday, October 30, the company rating was upgraded by JP Morgan. The firm has “Neutral” rating by Bank of America given on Monday, January 11. JP Morgan downgraded Grupo Financiero Santander México, S.A.B. de C.V. (NYSE:BSMX) on Wednesday, November 1 to “Neutral” rating.

Carmignac Gestion, which manages about $12.33B US Long portfolio, upped its stake in Banco Macro Sa (NYSE:BMA) by 1.47M shares to 1.75M shares, valued at $161.02M in 2017Q2, according to the filing. It also increased its holding in Eog Resources Inc (NYSE:EOG) by 1.01M shares in the quarter, for a total of 4.31 million shares, and has risen its stake in Rpc Inc (NYSE:RES).

More news for Grupo Financiero Santander México, S.A.B. de C.V. (NYSE:BSMX) were recently published by: Investorplace.com, which released: “3 Mexican Stocks Rising on Donald Trump Turmoil” on March 08, 2017. Marketwatch.com‘s article titled: “Grupo Financiero Santander Mexico SAB de CV ADR” and published on September 26, 2012 is yet another important article.

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