SG Americas Securities LLC Purchases New Holdings in Synchronoss Technologies, Inc. (SNCR)

SG Americas Securities LLC purchased a new stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,719 shares of the software maker’s stock, valued at approximately $119,000.

Several other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Synchronoss Technologies by 29.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,357,569 shares of the software maker’s stock valued at $38,782,000 after purchasing an additional 540,181 shares in the last quarter. Elk Creek Partners LLC raised its holdings in shares of Synchronoss Technologies by 11.7% in the 2nd quarter. Elk Creek Partners LLC now owns 2,339,095 shares of the software maker’s stock valued at $38,478,000 after purchasing an additional 245,056 shares in the last quarter. State Street Corp raised its holdings in shares of Synchronoss Technologies by 8.1% in the 2nd quarter. State Street Corp now owns 1,054,586 shares of the software maker’s stock valued at $17,346,000 after purchasing an additional 78,729 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its holdings in shares of Synchronoss Technologies by 11.6% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 763,638 shares of the software maker’s stock valued at $7,125,000 after purchasing an additional 79,300 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in shares of Synchronoss Technologies by 32.4% in the 2nd quarter. Kennedy Capital Management Inc. now owns 688,652 shares of the software maker’s stock valued at $11,328,000 after purchasing an additional 168,493 shares in the last quarter. Institutional investors and hedge funds own 68.17% of the company’s stock.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) opened at $8.94 on Friday. The company has a market cap of $427.63, a P/E ratio of 20.32 and a beta of 1.55. Synchronoss Technologies, Inc. has a 52 week low of $8.48 and a 52 week high of $40.28.

Several equities research analysts have recently commented on SNCR shares. Deutsche Bank restated a “hold” rating and issued a $18.00 price target (up previously from $10.00) on shares of Synchronoss Technologies in a report on Monday, October 9th. Credit Suisse Group reiterated an “underperform” rating and set a $8.00 price objective (down previously from $13.00) on shares of Synchronoss Technologies in a research note on Thursday, December 7th. Stifel Nicolaus reiterated a “hold” rating and set a $10.00 price objective (down previously from $16.00) on shares of Synchronoss Technologies in a research note on Wednesday, September 20th. Raymond James Financial lowered shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 price objective for the company. in a research note on Tuesday, September 19th. Finally, Zacks Investment Research lowered shares of Synchronoss Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.57.

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About Synchronoss Technologies

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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