Barclays PLC Purchases 4,919 Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Barclays PLC raised its position in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 603.6% during the third quarter, HoldingsChannel.com reports. The fund owned 5,734 shares of the software maker’s stock after buying an additional 4,919 shares during the quarter. Barclays PLC’s holdings in Synchronoss Technologies were worth $85,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SNCR. Allspring Global Investments Holdings LLC lifted its stake in shares of Synchronoss Technologies by 2.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 563,976 shares of the software maker’s stock valued at $8,395,000 after purchasing an additional 13,984 shares during the period. Geode Capital Management LLC increased its holdings in Synchronoss Technologies by 4.1% in the third quarter. Geode Capital Management LLC now owns 104,557 shares of the software maker’s stock worth $1,557,000 after purchasing an additional 4,159 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Synchronoss Technologies by 9.3% in the second quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock valued at $734,000 after buying an additional 6,700 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Synchronoss Technologies by 40.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock worth $654,000 after buying an additional 20,368 shares in the last quarter. Finally, State Street Corp grew its position in shares of Synchronoss Technologies by 12.9% during the 3rd quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after buying an additional 4,000 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 firms recently issued reports on SNCR. Roth Capital upgraded shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th. Roth Mkm upgraded shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $13.00 in a report on Monday, November 25th.

Synchronoss Technologies Trading Down 0.7 %

Shares of Synchronoss Technologies stock opened at $10.14 on Friday. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88. Synchronoss Technologies, Inc. has a 52 week low of $5.75 and a 52 week high of $15.46. The stock has a 50 day moving average price of $9.46 and a two-hundred day moving average price of $10.98. The stock has a market capitalization of $109.92 million, a PE ratio of -2.61 and a beta of 1.97.

Synchronoss Technologies Company Profile

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.