Published: Wed, September 20, 2017
Business | By Max Garcia

Synchronoss Technologies, Inc. (SNCR) Stock Rating Lowered by Raymond James Financial, Inc

Synchronoss Technologies, Inc. (SNCR) Stock Rating Lowered by Raymond James Financial, Inc

Shares of Synchronoss Technologies have shed 33.4% this morning to trade at $11.16, following news Siris Capital is no longer exploring an all-cash takeover of the company. 40 funds opened positions while 85 raised stakes. Brown Advisory invested in 702,759 shares or 0.1% of the stock. See Synchronoss Technologies, Inc. Another trade for 1.36 million shares valued at $21.57 million was bought by Silver Private Holdings I - LLC.

Pacad Investment Ltd. boosted its position in Synchronoss Technologies, Inc. Bankshares Of America Corp De holds 0% or 140,675 shares. Profund Advsr Lc holds 0.01% of its portfolio in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 210,936 shares. Howe & Rusling has invested 0.02% in Synchronoss Technologies, Inc. (NASDAQ:SNCR). Sei accumulated 6,275 shares. Eagle Asset Management has 0.05% invested in Synchronoss Technologies, Inc. (NYSE:T). Pitcairn stated it has 48,689 shares or 0.26% of all its holdings. Tealwood Asset Management owns 78,359 shares or 1.25% of their USA portfolio. Hsbc Public Limited Com reported 0% in Synchronoss Technologies, Inc. SNCR's SI was 5.59M shares in September as released by FINRA. Moreover, Pacad Investment Limited has 0.05% invested in Synchronoss Technologies, Inc. State Treasurer State Of Michigan invested 0.95% of its portfolio in AT&T Inc. (NASDAQ:SNCR). Allianz Asset Management Ag holds 0% in Synchronoss Technologies, Inc. (NASDAQ:SNCR) for 10,900 shares.

Since March 20, 2017, it had 1 insider buy, and 0 selling transactions for $21.57 million activity. Synchronoss the same day said it would divest a portion of its business to Sequential Technology International for $146 million. It is positive, as 18 investors sold MYCC shares while 42 reduced holdings. $43,494 worth of Synchronoss Technologies, Inc. Panagora Asset Management Inc reported 72,897 shares. Municipal Employees Retirement System of MI now owns 8,930 shares of the company's stock worth $368,000 after buying an additional 150 shares during the last quarter. The institutional investor held 157,328 shares of the technology company at the end of 2016Q4, valued at $6.03M, up from 8,854 at the end of the previous reported quarter. Past 5 years growth of SNCR observed at 10.00%, and for the next five years the analysts that follow this company are expecting its growth at -37.60%. About 17.39 million shares traded or 4921.03% up from the average. Synchronoss Technologies, Inc. (SNCR) has made its way to a 12-month decline of -76.11%.

More notable recent AT&T Inc. Mason Street Advisors Ltd Liability Com has invested 0.01% in Synchronoss Technologies, Inc. The SI to Synchronoss Technologies Incorporated's float is 13.99%. More interesting news about AT&T Inc. The stock had run up 56% over the past three months through Monday, but was still down 56% year to date, while the S&P 500 has gained 12% so far this year.

Among 25 analysts covering AT&T Inc. (NASDAQ:SNCR), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 32% are positive. Synchronoss Technologies Inc. has $65 highest and $1600 lowest target. The 20-day RSI for SNCR is 19.34%, which suggests that the stock may be primed for a trend reversal or a breakout to the upside. Synchronoss Technologies Inc. had 13 analyst reports since July 31, 2015 according to SRatingsIntel. On Friday, June 23 the stock rating was maintained by Stifel Nicolaus with "Hold". The company was initiated on Wednesday, August 10 by Stephens. (NASDAQ:SNCR) on Monday, May 22 to "Underperform" rating. As per Wednesday, June 14, the company rating was downgraded by Drexel Hamilton. As per Thursday, October 29, the company rating was upgraded by Raymond James. As per Thursday, February 4, the company rating was downgraded by Stifel Nicolaus. The firm has "Hold" rating by Deutsche Bank given on Wednesday, January 11. Louisiana State Employees Retirement System now owns 17,600 shares of the software maker's stock worth $290,000 after buying an additional 200 shares in the last quarter.

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