16,506 Shares in Synchronoss Technologies, Inc. (NASDAQ:SNCR) Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,506 shares of the software maker’s stock, valued at approximately $158,000.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Synchronoss Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 106,408 shares of the software maker’s stock valued at $1,022,000 after buying an additional 1,851 shares during the period. State Street Corp grew its stake in Synchronoss Technologies by 12.9% in the 3rd quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after acquiring an additional 4,000 shares during the period. Barclays PLC raised 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 acquiring an additional 4,919 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Synchronoss Technologies by 9.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 80,633 shares of the software maker’s stock worth $774,000 after purchasing an additional 7,171 shares during the period. Finally, American Century Companies Inc. acquired a new stake in shares of Synchronoss Technologies during the fourth quarter worth $103,000. 51.71% of the stock is owned by institutional investors and hedge funds.

Synchronoss Technologies Stock Performance

Shares of NASDAQ:SNCR opened at $9.84 on Friday. Synchronoss Technologies, Inc. has a 12 month low of $6.02 and a 12 month high of $15.46. The business has a 50-day moving average of $10.20 and a two-hundred day moving average of $10.46. 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 market capitalization of $113.07 million, a PE ratio of -2.54 and a beta of 1.78.

Synchronoss Technologies (NASDAQ:SNCR) last released its quarterly earnings data on Tuesday, March 11th. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.75. The company had revenue of $44.21 million during the quarter, compared to analyst estimates 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, research analysts forecast that Synchronoss Technologies, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity at Synchronoss Technologies

In related news, CEO Jeffrey George Miller sold 17,389 shares of Synchronoss Technologies stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $10.34, for a total transaction of $179,802.26. Following the sale, the chief executive officer now owns 336,232 shares of the company’s stock, valued at $3,476,638.88. The trade was a 4.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 17.90% of the company’s stock.

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.