State Street Corp Has $522,000 Stock Holdings in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

State Street Corp lifted its stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 12.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 35,075 shares of the software maker’s stock after buying an additional 4,000 shares during the quarter. State Street Corp’s holdings in Synchronoss Technologies were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Synchronoss Technologies by 40.6% during 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. Renaissance Technologies LLC boosted its position 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Synchronoss Technologies by 2.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 563,976 shares of the software maker’s stock worth $8,395,000 after buying an additional 13,984 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Synchronoss Technologies during the third quarter worth about $165,000. Institutional investors own 51.71% of the company’s stock.

Analyst Upgrades and Downgrades

SNCR has been the subject of a number of recent analyst reports. Roth Mkm raised Synchronoss Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company 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 report on Monday, November 25th.

Synchronoss Technologies Price Performance

Shares of SNCR stock opened at $9.17 on Friday. Synchronoss Technologies, Inc. has a 1 year low of $5.18 and a 1 year high of $15.46. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. The firm’s 50 day moving average is $9.89 and its 200-day moving average is $10.92. The firm has a market capitalization of $99.39 million, a price-to-earnings ratio of -2.36 and a beta of 1.99.

Synchronoss Technologies 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.