6 hours Ago By Defense World Staff
Concentrix Co. ( NASDAQ:CNXC – Get Free Report ) CEO Christopher A. Caldwell sold 9,823 shares of the stock in a transaction on Friday, October 4th.
The shares were sold at an average price of $52.70, for a total value of $517,672.10.
Following the completion of the transaction, the chief executive officer now owns 241,841 shares of the company’s stock, valued at $12,745,020.70. This trade represents a 0.
00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Concentrix Stock Down 0.
1 % Shares of NASDAQ:CNXC traded down $0.06 during trading on Friday, reaching $52.58.
889,991 shares of the company traded hands, compared to its average volume of 535,536. Concentrix Co. has a 1-year low of $50.
23 and a 1-year high of $106.10. The company has a quick ratio of 1.
56, a current ratio of 1.57 and a debt-to-equity ratio of 1.18.
The firm has a market cap of $3.43 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 0.
55 and a beta of 0.58. The firm has a fifty day simple moving average of $66.
12 and a 200 day simple moving average of $63.28. Concentrix ( NASDAQ:CNXC – Get Free Report ) last issued its earnings results on Wednesday, September 25th.
The company reported $2.87 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.
06). Concentrix had a net margin of 2.18% and a return on equity of 16.
57%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.
38 billion. During the same quarter last year, the firm earned $2.54 EPS.
The business’s revenue for the quarter was up 46.2% compared to the same quarter last year. Analysts anticipate that Concentrix Co.
will post 10.18 earnings per share for the current fiscal year. Concentrix Increases Dividend Hedge Funds Weigh In On Concentrix Several institutional investors have recently bought and sold shares of CNXC.
Groupe Bruxelles Lambert acquired a new position in shares of Concentrix during the 4th quarter valued at about $861,662,000. Vanguard Group Inc. boosted its position in Concentrix by 23.
9% during the fourth quarter. Vanguard Group Inc. now owns 5,363,893 shares of the company’s stock worth $526,788,000 after purchasing an additional 1,034,546 shares during the period.
1832 Asset Management L.P. acquired a new position in Concentrix during the second quarter valued at approximately $62,738,000.
Pzena Investment Management LLC raised its position in shares of Concentrix by 246.3% in the first quarter. Pzena Investment Management LLC now owns 1,013,208 shares of the company’s stock valued at $67,095,000 after purchasing an additional 720,616 shares during the period.
Finally, Impactive Capital LP lifted its stake in shares of Concentrix by 13.0% in the first quarter. Impactive Capital LP now owns 3,846,370 shares of the company’s stock worth $254,707,000 after buying an additional 443,045 shares during the last quarter.
90.34% of the stock is currently owned by institutional investors. Analyst Ratings Changes A number of analysts have commented on CNXC shares.
Baird R W raised shares of Concentrix to a “strong-buy” rating in a research note on Thursday. Canaccord Genuity Group reduced their price target on shares of Concentrix from $125.00 to $100.
00 and set a “buy” rating for the company in a research report on Thursday, September 26th. Barrington Research lowered their price objective on shares of Concentrix from $84.00 to $70.
00 and set an “outperform” rating on the stock in a research report on Thursday, September 26th. Bank of America cut their target price on shares of Concentrix from $85.00 to $70.
00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. Finally, Robert W. Baird assumed coverage on Concentrix in a research report on Thursday.
They issued an “outperform” rating and a $70.00 target price for the company. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $79.00.
View Our Latest Stock Report on CNXC About Concentrix ( Get Free Report ) Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications. Recommended Stories Five stocks we like better than Concentrix The 3 Best Blue-Chip Stocks to Buy Now The Outlook for Interest Rate Cuts Got Blown Out of the Water How to Use High Beta Stocks to Maximize Your Investing Profits 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore Stock Trading Terms – Stock Terms Every Investor Needs to Know 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally Receive News & Ratings for Concentrix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concentrix and related companies with MarketBeat.
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