Synchronoss Technologies, Inc. (NASDAQ:SNCR) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 603.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,734 shares of the software maker’s stock after buying an additional 4,919 shares during the period. Barclays PLC owned approximately 0.05% of Synchronoss Technologies worth $85,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SNCR. Allspring Global Investments Holdings LLC raised its stake in Synchronoss Technologies by 2.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 563,976 shares of the software maker’s stock valued at $8,395,000 after acquiring an additional 13,984 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Synchronoss Technologies by 9.3% during the second quarter. Renaissance Technologies LLC now owns 78,974 shares of the software maker’s stock valued at $734,000 after purchasing an additional 6,700 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Synchronoss Technologies by 40.6% during the second quarter. Dimensional Fund Advisors LP now owns 70,504 shares of the software maker’s stock valued at $654,000 after purchasing an additional 20,368 shares in the last quarter. State Street Corp lifted its holdings in Synchronoss Technologies by 12.9% in 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 period. Finally, XTX Topco Ltd bought a new position in Synchronoss Technologies in the 3rd quarter valued at about $237,000. 51.71% of the stock is owned by institutional investors.

Synchronoss Technologies Price Performance

NASDAQ:SNCR opened at $8.78 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 5.75. The business’s 50-day moving average price is $9.75 and its 200 day moving average price is $10.96. Synchronoss Technologies, Inc. has a 52-week low of $5.18 and a 52-week high of $15.46. The firm has a market cap of $95.17 million, a P/E ratio of -2.26 and a beta of 1.97.

Analyst Ratings Changes

A number of analysts have commented on the stock. Roth Mkm upgraded shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $13.00 in a research report on Monday, November 25th. Roth Capital raised Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, November 25th.

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.