Concentrix Co. (NASDAQ:CNXC - Get Free Report) EVP Cormac J. Twomey sold 500 shares of Concentrix stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $44.05, for a total transaction of $22,025.00. Following the completion of the transaction, the executive vice president now owns 23,936 shares of the company's stock, valued at $1,054,380.80. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Concentrix Stock Up 0.8 %
Concentrix stock traded up $0.33 during midday trading on Tuesday, reaching $43.27. The company's stock had a trading volume of 354,722 shares, compared to its average volume of 580,326. The business has a 50-day simple moving average of $42.85 and a 200-day simple moving average of $56.05. The company has a market cap of $2.80 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.56 and a beta of 0.63. Concentrix Co. has a fifty-two week low of $36.28 and a fifty-two week high of $106.10. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.18.
Institutional Investors Weigh In On Concentrix
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC increased its stake in Concentrix by 46.6% in the second quarter. Pzena Investment Management LLC now owns 1,484,907 shares of the company's stock valued at $93,965,000 after purchasing an additional 471,699 shares during the last quarter. State Street Corp grew its position in shares of Concentrix by 1.3% in the 3rd quarter. State Street Corp now owns 1,401,953 shares of the company's stock valued at $71,850,000 after buying an additional 18,304 shares during the last quarter. Copeland Capital Management LLC raised its stake in Concentrix by 1.8% during the 3rd quarter. Copeland Capital Management LLC now owns 1,003,375 shares of the company's stock worth $51,423,000 after acquiring an additional 17,653 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in Concentrix in the second quarter valued at $62,738,000. Finally, Geode Capital Management LLC boosted its stake in Concentrix by 5.2% in the third quarter. Geode Capital Management LLC now owns 878,092 shares of the company's stock valued at $45,013,000 after acquiring an additional 43,295 shares in the last quarter. Institutional investors and hedge funds own 90.34% of the company's stock.
Analyst Upgrades and Downgrades
CNXC has been the subject of several recent research reports. Canaccord Genuity Group decreased 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 decreased their target price on Concentrix from $84.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, September 26th. Robert W. Baird began coverage on Concentrix in a report on Thursday, October 3rd. They set an "outperform" rating and a $70.00 price target on the stock. Baird R W upgraded Concentrix to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, Bank of America lowered their price objective on Concentrix from $85.00 to $70.00 and set a "neutral" rating for the company in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Concentrix currently has a consensus rating of "Buy" and an average price target of $79.00.
Read Our Latest Research Report on Concentrix
Concentrix Company Profile
(
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.
Further Reading
Before you consider Concentrix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Concentrix wasn't on the list.
While Concentrix currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
