Elk Creek Partners Acquired Stake in Synchronoss Technologies Inc

February 14, 2018 - By Vivian Park

 Elk Creek Partners Acquired Stake in Synchronoss Technologies Inc

Investors sentiment increased to 0.83 in 2017 Q3. Its up 0.18, from 0.65 in 2017Q2. It improved, as 25 investors sold Synchronoss Technologies, Inc. shares while 56 reduced holdings. 31 funds opened positions while 36 raised stakes. 32.08 million shares or 5.64% less from 33.99 million shares in 2017Q2 were reported.

Moreover, Invesco has 0% invested in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 234,817 shares. New York State Teachers Retirement System holds 0% or 53,175 shares. Deutsche Savings Bank Ag has 0% invested in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 201,811 shares. Vanguard invested in 3.44 million shares. Greenwood Assocs Ltd Liability Corporation reported 0.03% stake. Kennedy Management owns 628,407 shares. Exane Derivatives accumulated 27,144 shares. Aqr Cap Mngmt Limited Company owns 109,562 shares or 0% of their US portfolio. Citigroup invested 0% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Bank & Trust Of Montreal Can reported 540 shares stake. Ameritas Inv Prns holds 0% in Synchronoss Technologies, Inc. (NASDAQ:SNCR) or 3,566 shares. Moreover, Matarin Cap Mgmt Limited Co has 0.04% invested in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 49,555 shares. Elk Creek Limited has invested 1.42% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Halcyon Management Prtnrs Ltd Partnership accumulated 1.01% or 627,607 shares. Sei Investments has 51 shares.

Since January 30, 2018, it had 0 insider buys, and 1 sale for $5,549 activity.

The New Elk Creek Partners Holding in Synchronoss Technologies Inc

Elk Creek Partners reported SC 13G/A form with the SEC for Synchronoss Technologies Inc. Access it here: 000108514618000671. As reported by Elk Creek Partners, the filler owns 5.36% or 2,487,832 shares of the Information Technology–company.

Synchronoss Technologies Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Elk Creek Partners’s positive view for Synchronoss Technologies Inc. For a institutional investor managing $800.79 million in assets and having 8+ experts this is interesting position.

Synchronoss Technologies Inc Institutional Sentiment

Filings show 206 investors own Synchronoss Technologies Inc. The ownership in Q3 2015 is very high, at Infinity of the outstanding shares. This is decreased by 1345786. 37566551 were owned by these investors. 30 funds opened new Synchronoss Technologies Inc stakes, 112 increased positions. There were 38 that closed positions and 47 reduced them.

2 investors had the stock in their top 10. Some are: .

Lmcg Investments Llc is an investor bullish on Synchronoss Technologies Inc, owning 1677277 shares as of Q3 2015 for 1.18% of its portfolio. San Francisco Sentry Investment Group Ca owns 9000 shares or 0.21% of its portfolio. MA Forbes J M & Co Llp have 0.80% of its portfolio for 86020 shares. Further, Franklin Street Advisors Inc reported stake worth 0.27% of its portfolio. The CA Ami Asset Management Corp owns 329069 shares. Synchronoss Technologies Inc is 0.82% of its portfolio.

Business 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. Its products and platforms are designed to enable multiple converged communication services to be managed across a range of distribution channels, including e-commerce, m-commerce, telesales, customer stores, indirect and other retail outlets. The Company operates in and markets their solutions and services directly through their sales organizations in North America, Europe, the Middle East and Africa (EMEA), Latin America and the Asia-Pacific region. It delivers technologies for mobile transformation to service provider and enterprise customers in regulated verticals and use cases.

SEC Form 13G.

Elk Creek Partners website.

The stock decreased 0.57% or $0.04 during the last trading session, reaching $6.97. About 411,630 shares traded. Synchronoss Technologies, Inc. (NASDAQ:SNCR) has declined 60.71% since February 14, 2017 and is downtrending. It has underperformed by 77.41% the S&P500.

Synchronoss Technologies, Inc. provides cloud solutions and software activation for connected devices worldwide. The company has market cap of $331.18 million. The company's services and products include cloud sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other clients to accelerate and monetize value-add services for secure and broadband networks and connected devices. It has a 15.49 P/E ratio. It also provides Synchronoss Enterprise solutions, such as secure mobility management, data and analytics, and identity and access management solutions for the financial, telecommunications, healthcare, life sciences, and government sectors; and Synchronoss Personal Cloud platform that delivers an operator-branded experience for subscribers to backup, restore, synchronize, and share their personal content across smartphones, tablets, computers, and other connected devices.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) Ratings Coverage

Among 8 analysts covering Synchronoss Technologies Inc. (NASDAQ:SNCR), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Synchronoss Technologies Inc. has $65 highest and $8.0 lowest target. $25.80’s average target is 270.16% above currents $6.97 stock price. Synchronoss Technologies Inc. had 19 analyst reports since July 31, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded the shares of SNCR in report on Thursday, February 4 to “Hold” rating. Drexel Hamilton initiated Synchronoss Technologies, Inc. (NASDAQ:SNCR) on Wednesday, June 1 with “Buy” rating. The stock has “Overweight” rating by JP Morgan on Wednesday, January 25. Stifel Nicolaus maintained the shares of SNCR in report on Friday, June 23 with “Hold” rating. Stifel Nicolaus maintained it with “Hold” rating and $9.0 target in Thursday, February 8 report. The firm has “Sell” rating given on Thursday, December 7 by Credit Suisse. The firm has “Strong Buy” rating given on Thursday, October 29 by Raymond James. Stifel Nicolaus maintained it with “Hold” rating and $10.0 target in Tuesday, September 19 report. The firm has “Hold” rating given on Wednesday, October 18 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, November 29.

More recent Synchronoss Technologies, Inc. (NASDAQ:SNCR) news were published by: Businesswire.com which released: “Synchronoss Receives Positive Nasdaq Panel Decision” on February 08, 2018. Also Fool.com published the news titled: “David’s 6 Biggest Stock Pick Losers, No. 1: Synchronoss Technologies” on January 27, 2018. Fool.com‘s news article titled: “Why Synchronoss Technologies Stock Lost 10% in January” with publication date: February 12, 2018 was also an interesting one.

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