Synchronoss Technologies, Inc. (SNCR) Position Maintained by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio continued to hold its stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,544 shares of the software maker’s stock at the close of the second quarter. Public Employees Retirement System of Ohio’s holdings in Synchronoss Technologies were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of SNCR. State of Alaska Department of Revenue grew its holdings in Synchronoss Technologies by 80.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,511 shares of the software maker’s stock valued at $140,000 after purchasing an additional 3,791 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in Synchronoss Technologies by 4.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,100 shares of the software maker’s stock valued at $166,000 after purchasing an additional 470 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in Synchronoss Technologies during the 2nd quarter valued at about $166,000. BNP Paribas Arbitrage SA grew its holdings in Synchronoss Technologies by 56.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,795 shares of the software maker’s stock valued at $227,000 after purchasing an additional 5,003 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Synchronoss Technologies by 28.6% during the 2nd quarter. US Bancorp DE now owns 16,614 shares of the software maker’s stock valued at $273,000 after purchasing an additional 3,694 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) opened at $9.56 on Wednesday. The company has a market cap of $477.05, a PE ratio of 6.92 and a beta of 1.62. Synchronoss Technologies, Inc. has a one year low of $8.71 and a one year high of $49.94.

SNCR has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Synchronoss Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Deutsche Bank AG reiterated a “hold” rating and set a $18.00 price target (up from $10.00) on shares of Synchronoss Technologies in a report on Monday, October 9th. BidaskClub downgraded shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Raymond James Financial, Inc. downgraded shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $10.00 target price (down from $16.00) on shares of Synchronoss Technologies in a research note on Wednesday, September 20th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.71.

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Synchronoss Technologies Profile

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.

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

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