Geode Capital Management LLC Has $1.56 Million Stock Holdings in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Geode Capital Management LLC lifted its holdings in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 4.1% in the third quarter, Holdings Channel.com reports. The fund owned 104,557 shares of the software maker’s stock after purchasing an additional 4,159 shares during the quarter. Geode Capital Management LLC’s holdings in Synchronoss Technologies were worth $1,557,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SNCR. Barclays PLC lifted its stake in Synchronoss Technologies by 603.6% during the third quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock worth $85,000 after purchasing an additional 4,919 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Synchronoss Technologies in the 3rd quarter worth approximately $165,000. XTX Topco Ltd bought a new position in shares of Synchronoss Technologies during the 3rd quarter worth approximately $237,000. State Street Corp boosted its stake in Synchronoss Technologies by 12.9% in the 3rd quarter. State Street Corp now owns 35,075 shares of the software maker’s stock valued at $522,000 after buying an additional 4,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Synchronoss Technologies by 40.6% in the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock valued at $654,000 after acquiring an additional 20,368 shares during the period. 51.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Roth Mkm raised Synchronoss Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $11.00 to $13.00 in a report on Monday, November 25th. Roth Capital upgraded shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

Synchronoss Technologies Stock Performance

SNCR stock opened at $8.78 on Thursday. The company has a 50 day moving average price of $9.75 and a 200 day moving average price of $10.96. Synchronoss Technologies, Inc. has a fifty-two week low of $5.18 and a fifty-two week high of $15.46. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $95.17 million, a PE ratio of -2.26 and a beta of 1.97.

About Synchronoss Technologies

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.