Oddo BHF Asset Management Sas Takes $4.45 Million Position in Synchronoss Technologies, Inc. $SNCR

Oddo BHF Asset Management Sas bought a new stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 520,000 shares of the software maker’s stock, valued at approximately $4,451,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Synchronoss Technologies in the second quarter valued at about $40,000. Deutsche Bank AG bought a new stake in shares of Synchronoss Technologies in the fourth quarter valued at about $53,000. Osaic Holdings Inc. lifted its holdings in shares of Synchronoss Technologies by 289.8% in the second quarter. Osaic Holdings Inc. now owns 7,885 shares of the software maker’s stock valued at $54,000 after purchasing an additional 5,862 shares in the last quarter. Headlands Technologies LLC raised its holdings in Synchronoss Technologies by 195.0% during the second quarter. Headlands Technologies LLC now owns 8,638 shares of the software maker’s stock worth $59,000 after acquiring an additional 5,710 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Synchronoss Technologies during the fourth quarter worth about $76,000. 51.71% of the stock is owned by institutional investors and hedge funds.

Synchronoss Technologies Stock Performance

SNCR opened at $9.00 on Tuesday. Synchronoss Technologies, Inc. has a 52-week low of $3.98 and a 52-week high of $11.41. The firm has a market capitalization of $103.56 million, a PE ratio of -8.82, a PEG ratio of 0.59 and a beta of 1.41. 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 business’s 50-day simple moving average is $9.00 and its 200 day simple moving average is $8.71.

Synchronoss Technologies Company 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.