Kennedy Capital Management Inc. grew its holdings in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 32.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 688,652 shares of the software maker’s stock after purchasing an additional 168,493 shares during the quarter. Kennedy Capital Management Inc. owned approximately 1.57% of Synchronoss Technologies worth $11,328,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stevens Capital Management LP lifted its stake in shares of Synchronoss Technologies by 197.3% during the 1st quarter. Stevens Capital Management LP now owns 20,816 shares of the software maker’s stock worth $508,000 after purchasing an additional 13,815 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of Synchronoss Technologies by 55.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 159,458 shares of the software maker’s stock worth $3,891,000 after buying an additional 56,856 shares during the period. OppenheimerFunds Inc. raised its position in shares of Synchronoss Technologies by 54.9% in the 1st quarter. OppenheimerFunds Inc. now owns 14,799 shares of the software maker’s stock worth $361,000 after buying an additional 5,244 shares during the period. Clinton Group Inc. raised its position in shares of Synchronoss Technologies by 114.3% in the 1st quarter. Clinton Group Inc. now owns 14,850 shares of the software maker’s stock worth $362,000 after buying an additional 7,920 shares during the period. Finally, Mckinley Capital Management LLC Delaware purchased a new position in shares of Synchronoss Technologies in the 1st quarter worth $118,000. 74.25% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. Zacks Investment Research raised Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Drexel Hamilton lowered Synchronoss Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub lowered Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $16.00 target price on shares of Synchronoss Technologies in a research report on Friday, June 23rd. Finally, Credit Suisse Group lowered Synchronoss Technologies from a “neutral” rating to an “underperform” rating and set a $13.00 target price on the stock. in a research report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Synchronoss Technologies has a consensus rating of “Hold” and a consensus target price of $24.00.

Synchronoss Technologies, Inc. (NASDAQ SNCR) opened at 16.56 on Friday. The company has a 50 day moving average price of $16.60 and a 200 day moving average price of $18.65. Synchronoss Technologies, Inc. has a 12 month low of $10.11 and a 12 month high of $49.94. The stock has a market capitalization of $728.36 million, a price-to-earnings ratio of 36.80 and a beta of 1.69.

COPYRIGHT VIOLATION WARNING: “Synchronoss Technologies, Inc. (SNCR) Holdings Lifted by Kennedy Capital Management Inc.” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/09/09/synchronoss-technologies-inc-sncr-holdings-lifted-by-kennedy-capital-management-inc.html.

Synchronoss Technologies Company Profile

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.

Want to see what other hedge funds are holding SNCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchronoss Technologies, Inc. (NASDAQ:SNCR).

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.