Synchronoss Technologies, Inc. (SNCR) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in Synchronoss Technologies, Inc. (NASDAQ:SNCR) by 6.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,830 shares of the company’s stock after buying an additional 1,450 shares during the period. Thrivent Financial for Lutherans owned about 0.05% of Synchronoss Technologies worth $874,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its stake in Synchronoss Technologies by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,930 shares of the company’s stock valued at $368,000 after buying an additional 150 shares during the last quarter. Capstone Asset Management Co. boosted its stake in Synchronoss Technologies by 1.2% in the third quarter. Capstone Asset Management Co. now owns 15,026 shares of the company’s stock valued at $619,000 after buying an additional 180 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Synchronoss Technologies by 5.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,965 shares of the company’s stock valued at $152,000 after buying an additional 197 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Synchronoss Technologies by 1.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,632 shares of the company’s stock valued at $636,000 after buying an additional 265 shares during the last quarter. Finally, American International Group Inc. boosted its stake in Synchronoss Technologies by 0.9% in the third quarter. American International Group Inc. now owns 30,824 shares of the company’s stock valued at $1,269,000 after buying an additional 270 shares during the last quarter. Institutional investors own 84.24% of the company’s stock.

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

Synchronoss Technologies, Inc. (NASDAQ:SNCR) opened at 25.94 on Friday. The firm has a market capitalization of $1.14 billion, a PE ratio of 57.64 and a beta of 2.28. The stock’s 50 day moving average price is $29.57 and its 200 day moving average price is $38.25. Synchronoss Technologies, Inc. has a one year low of $25.15 and a one year high of $49.94.

Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.02. The firm had revenue of $147.80 million for the quarter, compared to analysts’ expectations of $149.11 million. Synchronoss Technologies had a return on equity of 11.20% and a net margin of 3.38%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Analysts expect that Synchronoss Technologies, Inc. will post $2.55 EPS for the current year.

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Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Synchronoss Technologies from a “strong sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a report on Tuesday, February 14th. Deutsche Bank AG cut Synchronoss Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $50.00 to $35.00 in a report on Thursday, February 9th. JPMorgan Chase & Co. assumed coverage on Synchronoss Technologies in a report on Wednesday, January 25th. They issued an “overweight” rating and a $65.00 price objective on the stock. Finally, Stifel Nicolaus lowered their price objective on Synchronoss Technologies from $40.00 to $32.00 and set a “hold” rating on the stock in a report on Thursday, February 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.50.

In other Synchronoss Technologies news, EVP David Schuette sold 1,081 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $26.25, for a total value of $28,376.25. Following the completion of the transaction, the executive vice president now directly owns 49,093 shares of the company’s stock, valued at $1,288,691.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert Garcia sold 1,695 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $25.66, for a total transaction of $43,493.70. Following the completion of the transaction, the insider now directly owns 77,312 shares of the company’s stock, valued at $1,983,825.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,014 shares of company stock valued at $4,289,781. 11.00% of the stock is currently owned by corporate insiders.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc (Synchronoss) offers cloud solutions and software-based activation for mobile carriers, enterprises, retailers and original equipment manufacturers (OEMs). The Company operates in providing cloud solutions and software-based activation for connected devices segment. Its software provides consumer and enterprise solutions for transactions on a range of connected devices across the world’s networks.

5 Day Chart for NASDAQ:SNCR

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