AMH Equity Ltd Has $365,000 Position in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

AMH Equity Ltd decreased its stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 52.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,000 shares of the software maker’s stock after selling 41,520 shares during the period. AMH Equity Ltd’s holdings in Synchronoss Technologies were worth $365,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake 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 worth $522,000 after acquiring an additional 4,000 shares during the period. Geode Capital Management LLC raised its holdings in Synchronoss Technologies by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 104,557 shares of the software maker’s stock worth $1,557,000 after purchasing an additional 4,159 shares during the last quarter. Barclays PLC lifted 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 worth $85,000 after purchasing an additional 4,919 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Synchronoss Technologies by 2.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker’s stock valued at $5,468,000 after purchasing an additional 11,023 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Synchronoss Technologies during the third quarter worth $165,000. 51.71% of the stock is currently owned by institutional investors.

Synchronoss Technologies Price Performance

Shares of SNCR opened at $9.28 on Thursday. The firm has a market cap of $100.59 million, a PE ratio of -2.39 and a beta of 1.99. Synchronoss Technologies, Inc. has a 52-week low of $6.02 and a 52-week high of $15.46. The business’s 50 day moving average price is $9.56 and its two-hundred day moving average price is $10.97. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88.

Wall Street Analyst Weigh In

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

Insider Activity

In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 17,389 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 336,232 shares in the company, valued at approximately $3,476,638.88. This trade represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.90% of the stock is currently owned by company insiders.

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.