JPMorgan Chase & Co. Has $875,000 Stock Position in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

JPMorgan Chase & Co. lifted its position in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 54,341.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,797 shares of the software maker’s stock after buying an additional 58,689 shares during the quarter. JPMorgan Chase & Co. owned about 0.54% of Synchronoss Technologies worth $875,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of 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 period. GSA Capital Partners LLP acquired a new position in Synchronoss Technologies during the third quarter worth approximately $165,000. XTX Topco Ltd bought a new stake in Synchronoss Technologies in the third quarter valued at approximately $237,000. State Street Corp lifted its position in shares of Synchronoss Technologies by 12.9% in the third quarter. State Street Corp now owns 35,075 shares of the software maker’s stock valued at $522,000 after buying an additional 4,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Synchronoss Technologies by 40.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock worth $654,000 after acquiring an additional 20,368 shares during the period. 51.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SNCR has been the subject of several research reports. Roth Capital raised Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 25th. Roth Mkm upgraded shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $13.00 in a research note on Monday, November 25th.

Synchronoss Technologies Stock Performance

NASDAQ:SNCR opened at $10.14 on Friday. 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 stock has a 50 day simple moving average of $9.46 and a 200 day simple moving average of $10.99. Synchronoss Technologies, Inc. has a 1-year low of $5.75 and a 1-year high of $15.46. The stock has a market cap of $109.92 million, a P/E ratio of -2.61 and a beta of 1.97.

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.