2 weeks Ago By Defense World Staff
Sei Investments Co. lifted its position in shares of Concentrix Co. (NASDAQ:CNXC – Free Report) by 16.
5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,116 shares of the company’s stock after purchasing an additional 9,237 shares during the period. Sei Investments Co.
owned 0.10% of Concentrix worth $2,818,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNXC.
Steward Partners Investment Advisory LLC lifted its holdings in shares of Concentrix by 81.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company’s stock worth $28,000 after buying an additional 286 shares in the last quarter.
Venturi Wealth Management LLC grew its position in shares of Concentrix by 159.6% during the 4th quarter. Venturi Wealth Management LLC now owns 797 shares of the company’s stock valued at $34,000 after purchasing an additional 490 shares in the last quarter.
Parkside Financial Bank & Trust increased its holdings in shares of Concentrix by 58.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,201 shares of the company’s stock worth $52,000 after purchasing an additional 444 shares during the period.
KBC Group NV raised its position in shares of Concentrix by 68.3% in the fourth quarter. KBC Group NV now owns 2,008 shares of the company’s stock worth $87,000 after buying an additional 815 shares in the last quarter.
Finally, SRS Capital Advisors Inc. boosted its stake in Concentrix by 665.0% during the fourth quarter.
SRS Capital Advisors Inc. now owns 4,169 shares of the company’s stock valued at $180,000 after buying an additional 3,624 shares during the period. 90.
34% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and SellingIn other news, EVP Cormac J. Twomey sold 500 shares of Concentrix stock in a transaction that occurred on Wednesday, January 29th.
The shares were sold at an average price of $55.60, for a total transaction of $27,800.00.
Following the sale, the executive vice president now owns 41,111 shares of the company’s stock, valued at approximately $2,285,771.60. The trade was a 1.
20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.
20% of the stock is owned by insiders. Wall Street Analysts Forecast GrowthSeveral equities research analysts have weighed in on CNXC shares. Bank of America increased their price objective on Concentrix from $58.
00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Canaccord Genuity Group reduced their price objective on shares of Concentrix from $100.
00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Barrington Research cut their target price on shares of Concentrix from $70.
00 to $54.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock.
According to MarketBeat, Concentrix has a consensus rating of “Buy” and an average target price of $69.60.Get Our Latest Stock Report on ConcentrixConcentrix Trading Down 4.
3 %NASDAQ CNXC opened at $48.27 on Friday. The company’s 50-day simple moving average is $48.
22 and its two-hundred day simple moving average is $47.23. The company has a debt-to-equity ratio of 1.
17, a quick ratio of 1.42 and a current ratio of 1.42.
The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 0.
63 and a beta of 0.51. Concentrix Co.
has a one year low of $36.28 and a one year high of $77.00.
Concentrix (NASDAQ:CNXC – Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.
58 by $0.21. Concentrix had a return on equity of 16.
67% and a net margin of 2.61%. The firm had revenue of $2.
37 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the business earned $2.
57 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis.
Equities analysts forecast that Concentrix Co. will post 10.11 EPS for the current fiscal year.
Concentrix Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Friday, April 25th will be given a $0.3328 dividend.
This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.76%.
The ex-dividend date is Friday, April 25th. Concentrix’s dividend payout ratio (DPR) is presently 33.33%.
Concentrix Company Profile (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 StoriesFive stocks we like better than ConcentrixWhat Investors Need to Know to Beat the MarketArcher Aviation’s Africa Deal Could Boost ACHR StockWhich Wall Street Analysts are the Most Accurate?Are Short Sellers Wrong About These 3 Semiconductor Stocks?How to buy stock: A step-by-step guide for beginners Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?.
