JPMorgan Chase & Co. Has $875,000 Stock Position in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

JPMorgan Chase & Co. boosted its stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 54,341.7% in the third quarter, Holdings Channel reports. The firm owned 58,797 shares of the software maker’s stock after purchasing an additional 58,689 shares during the quarter. JPMorgan Chase & Co.’s holdings in Synchronoss Technologies were worth $875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SNCR. Barclays PLC increased its holdings in Synchronoss Technologies by 603.6% in the 3rd quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock valued at $85,000 after buying an additional 4,919 shares during the period. Geode Capital Management LLC increased its stake 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 valued at $1,557,000 after acquiring an additional 4,159 shares during the last quarter. XTX Topco Ltd acquired a new position in Synchronoss Technologies during the third quarter valued at approximately $237,000. State Street Corp lifted its stake in Synchronoss Technologies by 12.9% during the third quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after purchasing an additional 4,000 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Synchronoss Technologies in the 3rd quarter valued at $165,000. Institutional investors own 51.71% of the company’s stock.

Synchronoss Technologies Price Performance

Shares of NASDAQ:SNCR opened at $10.14 on Friday. Synchronoss Technologies, Inc. has a one year low of $5.75 and a one year high of $15.46. The company has a market cap of $109.92 million, a price-to-earnings ratio of -2.61 and a beta of 1.97. 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 firm has a 50 day simple moving average of $9.46 and a 200 day simple moving average of $10.99.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SNCR shares. Roth Mkm raised Synchronoss Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $13.00 in a report on Monday, November 25th. Roth Capital upgraded Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

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.