Integrated Quantitative Investments LLC Takes $158,000 Position in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Integrated Quantitative Investments LLC purchased a new position in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,506 shares of the software maker’s stock, valued at approximately $158,000. Integrated Quantitative Investments LLC owned 0.15% of Synchronoss Technologies at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SNCR. Barclays PLC grew its holdings in Synchronoss Technologies by 603.6% during the 3rd quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock worth $85,000 after acquiring an additional 4,919 shares in the last quarter. American Century Companies Inc. purchased a new stake in Synchronoss Technologies during the 4th quarter worth about $103,000. Trexquant Investment LP acquired a new position in shares of Synchronoss Technologies during the 4th quarter worth about $172,000. XTX Topco Ltd acquired a new stake in shares of Synchronoss Technologies during the 3rd quarter worth about $237,000. Finally, 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. Institutional investors and hedge funds own 51.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Synchronoss Technologies from a “hold” rating to a “buy” rating in a research report on Friday, March 14th.

Insiders Place Their Bets

In other news, CEO Jeffrey George Miller sold 17,389 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $10.34, for a total value of $179,802.26. Following the completion of the transaction, the chief executive officer now owns 336,232 shares in the company, valued at $3,476,638.88. This trade represents a 4.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.90% of the stock is currently owned by insiders.

Synchronoss Technologies Stock Performance

Shares of Synchronoss Technologies stock opened at $9.84 on Friday. The firm’s fifty day simple moving average is $10.20 and its 200-day simple moving average is $10.46. Synchronoss Technologies, Inc. has a 12 month low of $6.02 and a 12 month high of $15.46. The stock has a market capitalization of $113.07 million, a price-to-earnings ratio of -2.54 and a beta of 1.78. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.88 and a quick ratio of 1.88.

Synchronoss Technologies (NASDAQ:SNCR) last announced its quarterly earnings data on Tuesday, March 11th. The software maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.75. The company had revenue of $44.21 million during the quarter, compared to the consensus estimate of $43.76 million. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%. As a group, equities analysts forecast that Synchronoss Technologies, Inc. will post 0.1 earnings per share for the current year.

About Synchronoss Technologies

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.