Winslow Evans & Crocker Inc. increased its position in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 7.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,427 shares of the software maker’s stock after buying an additional 1,771 shares during the period. Winslow Evans & Crocker Inc. owned about 0.06% of Synchronoss Technologies worth $432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in shares of Synchronoss Technologies by 4.0% in the first quarter. State of Alaska Department of Revenue now owns 4,720 shares of the software maker’s stock worth $115,000 after buying an additional 180 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of Synchronoss Technologies during the first quarter worth about $118,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Synchronoss Technologies by 5.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,965 shares of the software maker’s stock worth $152,000 after buying an additional 197 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Synchronoss Technologies by 55,900.0% in the first quarter. Acrospire Investment Management LLC now owns 7,280 shares of the software maker’s stock worth $178,000 after buying an additional 7,267 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Synchronoss Technologies during the first quarter worth about $212,000. Institutional investors and hedge funds own 93.01% of the company’s stock.

Shares of Synchronoss Technologies, Inc. (SNCR) opened at 16.22 on Friday. Synchronoss Technologies, Inc. has a 52-week low of $10.11 and a 52-week high of $49.94. The company’s 50-day moving average price is $13.17 and its 200-day moving average price is $26.08. The stock has a market cap of $713.40 million, a PE ratio of 36.04 and a beta of 1.74.

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SNCR has been the subject of several recent analyst reports. Credit Suisse Group cut Synchronoss Technologies from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $13.00 in a research note on Thursday, April 27th. UBS AG cut Synchronoss Technologies from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 27th. Zacks Investment Research cut Synchronoss Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Wells Fargo & Company cut Synchronoss Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 27th. Finally, Drexel Hamilton cut Synchronoss Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.71.

In other news, major shareholder Silver Private Holdings I, Llc bought 1,357,383 shares of Synchronoss Technologies stock in a transaction that occurred on Thursday, May 4th. The stock was bought at an average price of $15.89 per share, for a total transaction of $21,568,815.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.

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

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