Syntel, Inc. (SYNT) Insider Lowers Stakes In The Company

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Syntel, Inc. (NASDAQ:SYNT), saw an insider alter their holdings with the company through a transaction officially executed today, August 29th, resulting in the lowering of their exposure. Chief Administrative Officer Daniel M. Moore disposed of 550 shares of common stock at an average price of $88.84 per share. Moreover, following the completion of this move, Moore now holds a total of 5,126 shares directly in the company. As well, a $3.73 billion market cap corporation, Syntel, Inc. (NASDAQ:SYNT) is a provider of information technology (IT) and knowledge process outsourcing (KPO) services to Global 2000 companies.
In addition, among the multiple outside investors betting on Syntel this quarter is billionaire Jim Simons. His hedge fund, Renaissance Technologies, reported a 13% rise in its activity over the course of the last fiscal quarter, and following this move, the fund now has a total of 363,095 shares worth approximately $39.1 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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