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

Oddo BHF Asset Management Sas acquired a new stake in shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 520,000 shares of the software maker’s stock, valued at approximately $4,451,000. Oddo BHF Asset Management Sas owned about 4.52% of Synchronoss Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SNCR. Western Standard LLC acquired a new stake in Synchronoss Technologies in the 4th quarter valued at approximately $1,670,000. Chicago Capital Management LLC acquired a new stake in Synchronoss Technologies in the 4th quarter valued at approximately $1,562,000. Geode Capital Management LLC grew its holdings in Synchronoss Technologies by 119.7% in the 2nd quarter. Geode Capital Management LLC now owns 235,606 shares of the software maker’s stock valued at $1,614,000 after buying an additional 128,375 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Synchronoss Technologies in the 4th quarter valued at approximately $984,000. Finally, Ameriprise Financial Inc. acquired a new stake in Synchronoss Technologies in the 2nd quarter valued at approximately $272,000. Institutional investors and hedge funds own 51.71% of the company’s stock.

Synchronoss Technologies Stock Performance

SNCR opened at $9.00 on Tuesday. The firm has a market capitalization of $103.56 million, a P/E ratio of -8.82, a price-to-earnings-growth ratio of 0.59 and a beta of 1.41. The stock’s 50 day moving average price is $9.00 and its two-hundred day moving average price is $8.71. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 3.13. Synchronoss Technologies, Inc. has a 12-month low of $3.98 and a 12-month high of $11.41.

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.