Marshall Wace LLP Has $770,000 Holdings in Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Marshall Wace LLP lifted its stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR - Free Report) by 55.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 80,166 shares of the software maker's stock after buying an additional 28,551 shares during the quarter. Marshall Wace LLP owned about 0.74% of Synchronoss Technologies worth $770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SNCR. Allspring Global Investments Holdings LLC lifted its position in Synchronoss Technologies by 2.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 574,999 shares of the software maker's stock worth $5,468,000 after acquiring an additional 11,023 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Synchronoss Technologies by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 106,408 shares of the software maker's stock worth $1,022,000 after purchasing an additional 1,851 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Synchronoss Technologies by 9.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 80,633 shares of the software maker's stock valued at $774,000 after purchasing an additional 7,171 shares during the period. JPMorgan Chase & Co. boosted its stake in Synchronoss Technologies by 22.6% in the 4th quarter. JPMorgan Chase & Co. now owns 72,107 shares of the software maker's stock valued at $692,000 after purchasing an additional 13,310 shares during the period. Finally, LSV Asset Management acquired a new position in Synchronoss Technologies in the 4th quarter valued at $400,000. Institutional investors own 51.71% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Synchronoss Technologies from a "hold" rating to a "buy" rating in a research report on Friday, March 14th.

Insider Buying and Selling at Synchronoss Technologies

In other news, CEO Jeffrey George Miller sold 6,979 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $10.50, for a total transaction of $73,279.50. Following the sale, the chief executive officer now directly owns 451,853 shares in the company, valued at approximately $4,744,456.50. The trade was a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 33,193 shares of company stock worth $344,220 over the last three months. Corporate insiders own 17.90% of the company's stock.

Synchronoss Technologies Price Performance

Shares of NASDAQ SNCR traded down $2.07 during midday trading on Wednesday, reaching $8.26. The company's stock had a trading volume of 306,113 shares, compared to its average volume of 79,288. The company has a market cap of $94.92 million, a P/E ratio of -2.13 and a beta of 1.85. Synchronoss Technologies, Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $15.46. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.88 and a current ratio of 1.88. The business's 50 day moving average price is $10.34 and its two-hundred day moving average price is $10.00.

Synchronoss Technologies (NASDAQ:SNCR - Get Free Report) last released its earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.75. The firm had revenue of $44.21 million during the quarter, compared to the consensus estimate of $43.76 million. Synchronoss Technologies had a negative return on equity of 10.99% and a negative net margin of 20.00%. On average, analysts forecast that Synchronoss Technologies, Inc. will post 0.1 EPS for the current fiscal year.

Synchronoss Technologies Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.