Synchronoss Technologies, Inc. (SNCR) Position Boosted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its position in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 17,600 shares of the software maker’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Synchronoss Technologies were worth $290,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Synchronoss Technologies by 155,453.2% in the first quarter. BlackRock Inc. now owns 5,134,811 shares of the software maker’s stock worth $125,291,000 after buying an additional 5,131,510 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Synchronoss Technologies by 48.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,817,388 shares of the software maker’s stock worth $44,345,000 after buying an additional 596,051 shares in the last quarter. Elk Creek Partners LLC boosted its stake in Synchronoss Technologies by 35.9% in the first quarter. Elk Creek Partners LLC now owns 2,094,039 shares of the software maker’s stock worth $51,095,000 after buying an additional 553,072 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Synchronoss Technologies by 638.0% in the first quarter. Renaissance Technologies LLC now owns 543,900 shares of the software maker’s stock worth $13,271,000 after buying an additional 470,200 shares in the last quarter. Finally, Rubric Capital Management LP acquired a new stake in Synchronoss Technologies during the first quarter worth $9,760,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Synchronoss Technologies, Inc. (NASDAQ SNCR) traded up 1.14% during midday trading on Thursday, hitting $16.80. The stock had a trading volume of 257,278 shares. The stock has a market cap of $738.91 million, a price-to-earnings ratio of 37.33 and a beta of 1.74. The company has a 50-day moving average of $16.42 and a 200-day moving average of $20.72. Synchronoss Technologies, Inc. has a 1-year low of $10.11 and a 1-year high of $49.94.

COPYRIGHT VIOLATION NOTICE: “Synchronoss Technologies, Inc. (SNCR) Position Boosted by Louisiana State Employees Retirement System” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2017/08/17/synchronoss-technologies-inc-sncr-position-boosted-by-louisiana-state-employees-retirement-system.html.

A number of equities research analysts recently weighed in on SNCR shares. Raymond James Financial, Inc. cut Synchronoss Technologies from a “strong-buy” rating to an “outperform” rating in a report on Monday, May 1st. Stifel Nicolaus dropped their price target on Synchronoss Technologies from $32.00 to $10.00 and set a “hold” rating for the company in a report on Friday, April 28th. J P Morgan Chase & Co cut Synchronoss Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $65.00 to $27.00 in a report on Thursday, April 27th. ValuEngine cut Synchronoss Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Wells Fargo & Company cut Synchronoss Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $24.00.

About Synchronoss Technologies

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

Institutional Ownership by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

What are top analysts saying about Synchronoss Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Synchronoss Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit