Chicago Capital Management LLC bought a new stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 182,470 shares of the software maker’s stock, valued at approximately $1,562,000. Synchronoss Technologies accounts for about 1.4% of Chicago Capital Management LLC’s portfolio, making the stock its 24th largest holding.
A number of other institutional investors and hedge funds have also recently modified their holdings of SNCR. Goldman Sachs Group Inc. grew its position in shares of Synchronoss Technologies by 212.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 32,600 shares of the software maker’s stock valued at $355,000 after acquiring an additional 22,160 shares during the period. Jane Street Group LLC bought a new position in shares of Synchronoss Technologies during the 1st quarter valued at approximately $260,000. Geode Capital Management LLC grew its position in shares of Synchronoss Technologies by 119.7% during the 2nd quarter. Geode Capital Management LLC now owns 235,606 shares of the software maker’s stock valued at $1,614,000 after acquiring an additional 128,375 shares during the period. American Century Companies Inc. bought a new position in shares of Synchronoss Technologies during the 2nd quarter valued at approximately $88,000. Finally, Russell Investments Group Ltd. boosted its holdings in Synchronoss Technologies by 4.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 87,344 shares of the software maker’s stock worth $598,000 after buying an additional 3,374 shares during the period. 51.71% of the stock is owned by institutional investors.
Synchronoss Technologies Stock Performance
Synchronoss Technologies stock opened at $9.00 on Tuesday. The firm’s fifty day moving average price is $9.00 and its 200-day moving average price is $7.88. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $103.56 million, a P/E ratio of -8.82, a price-to-earnings-growth ratio of 0.59 and a beta of 1.41. Synchronoss Technologies, Inc. has a fifty-two week low of $3.98 and a fifty-two week high of $11.41.
Analyst Ratings Changes
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Synchronoss Technologies Profile
Synchronoss Technologies, Inc is a global software and services company that provides cloud-based digital transformation solutions for communications service providers, enterprises, and financial institutions. The company’s platform delivers a suite of products designed to automate and manage the provisioning, activation and lifecycle of devices, subscriptions and services across fixed and mobile networks. Synchronoss’s offerings include digital customer engagement tools, identity verification and authentication services, as well as high-volume messaging and collaboration applications.
Founded in 2000 and headquartered in Bridgewater, New Jersey, Synchronoss serves a diverse customer base spanning North America, Europe, Asia and Latin America.
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