Nisa Investment Advisors LLC Sells 500 Shares of Synchronoss Technologies, Inc. (SNCR)

Nisa Investment Advisors LLC lowered its stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,000 shares of the software maker’s stock after selling 500 shares during the period. Nisa Investment Advisors LLC’s holdings in Synchronoss Technologies were worth $293,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in Synchronoss Technologies by 6.6% in the fourth quarter. FMR LLC now owns 3,216,374 shares of the software maker’s stock valued at $123,187,000 after buying an additional 198,669 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Synchronoss Technologies by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,221,337 shares of the software maker’s stock valued at $46,778,000 after buying an additional 81,926 shares during the last quarter. State Street Corp raised its position in Synchronoss Technologies by 6.8% in the fourth quarter. State Street Corp now owns 901,973 shares of the software maker’s stock valued at $34,545,000 after buying an additional 57,560 shares during the last quarter. Brown Advisory Inc. raised its position in Synchronoss Technologies by 35.9% in the fourth quarter. Brown Advisory Inc. now owns 702,759 shares of the software maker’s stock valued at $26,916,000 after buying an additional 185,777 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in Synchronoss Technologies by 30.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 650,800 shares of the software maker’s stock valued at $24,926,000 after buying an additional 152,023 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Synchronoss Technologies (NASDAQ:SNCR)

Shares of Synchronoss Technologies, Inc. (NASDAQ SNCR) traded down 0.92% during midday trading on Friday, hitting $10.81. The stock had a trading volume of 1,531,747 shares. The stock has a 50 day moving average of $13.72 and a 200-day moving average of $28.13. The company has a market cap of $475.46 million, a P/E ratio of 24.02 and a beta of 1.76. Synchronoss Technologies, Inc. has a one year low of $10.36 and a one year high of $49.94.

TRADEMARK VIOLATION NOTICE: This article was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.themarketsdaily.com/2017/06/16/nisa-investment-advisors-llc-lowers-stake-in-synchronoss-technologies-inc-sncr-updated-updated.html.

Several equities analysts recently issued reports on SNCR shares. Raymond James Financial, Inc. lowered Synchronoss Technologies from a “strong-buy” rating to an “outperform” rating in a research note on Monday, May 1st. ValuEngine lowered Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. J P Morgan Chase & Co lowered Synchronoss Technologies from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $65.00 to $27.00 in a research report on Thursday, April 27th. Zacks Investment Research lowered Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, April 1st. Finally, Credit Suisse Group lowered Synchronoss Technologies from a “neutral” rating to an “underperform” rating and set a $13.00 price target on the stock. in a research report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $26.86.

In other Synchronoss Technologies news, major shareholder Silver Private Holdings I, Llc purchased 1,357,383 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were acquired at an average price of $15.89 per share, for a total transaction of $21,568,815.87. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Garcia sold 1,695 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $25.66, for a total value of $43,493.70. Following the completion of the transaction, the insider now owns 77,312 shares in the company, valued at approximately $1,983,825.92. The disclosure for this sale can be found here. Insiders own 11.00% of the company’s stock.

About Synchronoss Technologies

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

Receive News & Ratings for Synchronoss Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchronoss Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply