NASDAQ:CNXC Concentrix (CNXC) Stock Price, News & Analysis → Biden to Launch “FedNOW” [Move Your Money Now] (From Priority Gold) (Ad) Free CNXC Stock Alerts $61.45 +0.27 (+0.44%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$61.08▼$62.5450-Day Range$54.67▼$82.9052-Week Range$53.89▼$106.10Volume409,170 shsAverage Volume543,349 shsMarket Capitalization$4.06 billionP/E Ratio12.67Dividend Yield1.97%Price Target$74.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Concentrix alerts: Email Address Concentrix MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside21.6% Upside$74.75 Price TargetShort InterestHealthy4.60% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.16Upright™ Environmental ScoreNews Sentiment0.86Based on 10 Articles This WeekInsider TradingAcquiring Shares$98,546 Bought Last QuarterProj. Earnings Growth11.60%From $11.03 to $12.31 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.93 out of 5 starsBusiness Services Sector6th out of 313 stocksBusiness Services, Not Elsewhere Classified Industry4th out of 89 stocks 2.1 Analyst's Opinion Consensus RatingConcentrix has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.Amount of Analyst CoverageConcentrix has only been the subject of 3 research reports in the past 90 days.Read more about Concentrix's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.60% of the float of Concentrix has been sold short.Short Interest Ratio / Days to CoverConcentrix has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Concentrix has recently increased by 0.46%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldConcentrix pays a meaningful dividend of 2.04%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthConcentrix has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Concentrix is 24.95%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Concentrix will have a dividend payout ratio of 9.83% next year. This indicates that Concentrix will be able to sustain or increase its dividend.Read more about Concentrix's dividend. Previous Next 3.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreConcentrix has received a 52.11% net impact score from Upright. Concentrix seems to create the most significant positive value in categories "Jobs", "Taxes", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "User experience consulting for the consumer electronics industry", "Customer analytics services for the consumer electronics industry", "User experience consulting for the communication industry", and "Customer analytics services for the communication industry" products. See details.Environmental SustainabilityThe Environmental Impact score for Concentrix is -1.16. Previous Next 2.7 News and Social Media Coverage News SentimentConcentrix has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Concentrix this week, compared to 4 articles on an average week.Search InterestOnly 3 people have searched for CNXC on MarketBeat in the last 30 days. This is a decrease of -90% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Concentrix to their MarketBeat watchlist in the last 30 days. This is a decrease of -64% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Concentrix insiders have bought 347.85% more of their company's stock than they have sold. Specifically, they have bought $98,546.00 in company stock and sold $22,004.00 in company stock.Percentage Held by InsidersOnly 3.00% of the stock of Concentrix is held by insiders.Percentage Held by Institutions90.34% of the stock of Concentrix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Concentrix's insider trading history. Previous Next 4.4 Earnings and Valuation Earnings GrowthEarnings for Concentrix are expected to grow by 11.60% in the coming year, from $11.03 to $12.31 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Concentrix is 12.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.82.Price to Earnings Ratio vs. SectorThe P/E ratio of Concentrix is 12.67, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 36.72.Price to Earnings Growth RatioConcentrix has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioConcentrix has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Concentrix's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Crash Insurance” For Your RetirementWhen it comes to retirement, everyone fears one thing… Outliving their retirement savings. You'll discover conservative, beginner-friendly options strategies which could help to cash flow your stock portfolio. Click here to register for free. About Concentrix Stock (NASDAQ:CNXC)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. It also offers customer lifecycle management; customer experience/user experience strategy and design; analytics and actionable insights; digital transformation services that design and engineer CX solutions to enable efficient customer self-service and build customer loyalty; customer engagement solutions and services that address the entirety of the customer lifecycle; AI technology that can intelligently act on customer intent to improve customer experience with non-human engagement; voice of the customer and analytics solutions to gather and analyze customer feedback to foster loyalty to, and growth with, clients; analytics and consulting solutions that synthesize data and provide professional insight to improve clients' customer experience strategies; vertical business process outsourcing (BPO) services; and back office BPO services that support clients in non-customer facing areas. The company's clients include technology and consumer electronics, retail, travel and e-commerce, communications and media, banking, financial services and insurance, healthcare, and others, as well as global IPOs, social brands, and banks. Concentrix Corporation was founded in 2004 and is based in Newark, California.Read More CNXC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNXC Stock News HeadlinesMay 2, 2024 | insidertrades.comConcentrix Co. (NASDAQ:CNXC) EVP Cormac J. Twomey Sells 400 SharesApril 23, 2024 | insidertrades.comConcentrix Co. (NASDAQ:CNXC) CEO Christopher A. Caldwell Acquires 900 SharesMay 8, 2024 | Crypto 101 Media (Ad)Tech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. May 5, 2024 | americanbankingnews.comConcentrix (NASDAQ:CNXC) Shares Gap Up to $57.28May 3, 2024 | americanbankingnews.comCormac J. Twomey Sells 400 Shares of Concentrix Co. (NASDAQ:CNXC) StockMay 3, 2024 | investorplace.comCheap Tricks: 7 Beaten-Down Tech Stocks to Buy Before the ComebackApril 30, 2024 | americanbankingnews.comConcentrix (NASDAQ:CNXC) Price Target Lowered to $85.00 at ScotiabankApril 27, 2024 | stockhouse.comConcentrix Named a Leader and Star Performer in Everest Group's Trust and Safety Services PEAK Matrix® Assessment 2024May 8, 2024 | Crypto 101 Media (Ad)Tech GIANT’s Plans to Revolutionize Crypto…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. April 26, 2024 | nasdaq.comWednesday 4/24 Insider Buying Report: CNXC, CETApril 24, 2024 | uk.investing.comConcentrix unveils rebrand to bolster tech servicesApril 22, 2024 | globenewswire.comConcentrix + Webhelp Rebrands as ConcentrixApril 14, 2024 | uk.finance.yahoo.com10 Buy-Rated Stocks with Latest Insider PurchasesApril 13, 2024 | benzinga.comHow Is The Market Feeling About Concentrix?April 7, 2024 | investing.comConcentrix EVP legal buys $24.4k in company stockMarch 29, 2024 | seekingalpha.comConcentrix Corporation (CNXC) Q1 2024 Earnings Call TranscriptMarch 27, 2024 | finanznachrichten.deConcentrix Corporation: Concentrix Reports First Quarter 2024 ResultsMarch 27, 2024 | markets.businessinsider.comConcentrix Positioned for Growth: Strong Q1 Performance and WebHelp Acquisition Synergies Drive Buy RatingMarch 27, 2024 | msn.comConcentrix rises even as BofA downgrades amid worries over revenue, marginsMarch 27, 2024 | msn.comConcentrix Corporation (NASDAQ:CNXC) Q1 2024 Earnings Call TranscriptMarch 27, 2024 | cnbc.comStocks making the biggest moves after hours: GameStop, Concentrix and moreMarch 27, 2024 | msn.comConcentrix Non-GAAP EPS of $2.57 misses by $0.01, revenue of $2.4B beats by $20MMarch 27, 2024 | finance.yahoo.comConcentrix Corp (CNXC) Aligns with EPS Projections and Reports Substantial Revenue Growth in Q1 2024March 26, 2024 | globenewswire.comConcentrix Reports First Quarter 2024 ResultsMarch 22, 2024 | msn.comConcentrix files to sell 13.17M shares of common stock for holdersMarch 20, 2024 | finance.yahoo.comCNXC Apr 2024 50.000 callMarch 19, 2024 | seekingalpha.comConcentrix: AI Doesn't Seem An Imminent Risk And Valuation Is CheapSee More Headlines Receive CNXC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Concentrix and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 2/15 Dividend2/02/2024Dividend Payable2/15/2024Last Earnings3/26/2024Ex-Dividend for 5/7 Dividend4/25/2024Today5/07/2024Dividend Payable5/07/2024Next Earnings (Estimated)6/26/2024Fiscal Year End11/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorBusiness Services Industry Business services, not elsewhere classified Sub-IndustryN/A Current SymbolNASDAQ:CNXC CUSIPN/A CIK1803599 Webwww.concentrix.com Phone800-747-0583FaxN/AEmployees440,000Year FoundedN/APrice Target and Rating Average Stock Price Target$74.75 High Stock Price Target$85.00 Low Stock Price Target$60.00 Potential Upside/Downside+21.6%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$4.85 Trailing P/E Ratio12.67 Forward P/E Ratio5.57 P/E Growth0.68Net Income$313.84 million Net Margins3.53% Pretax Margin4.60% Return on Equity17.70% Return on Assets6.23% Debt Debt-to-Equity Ratio1.23 Current Ratio1.56 Quick Ratio1.56 Sales & Book Value Annual Sales$7.11 billion Price / Sales0.57 Cash Flow$15.21 per share Price / Cash Flow4.04 Book Value$62.21 per share Price / Book0.99Miscellaneous Outstanding Shares65,990,000Free Float64,012,000Market Cap$4.06 billion OptionableOptionable Beta0.55 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Christopher A. Caldwell (Age 51)President, CEO & Director Comp: $3.5MMr. Andre S. Valentine (Age 61)Chief Financial Officer Comp: $1.46MMs. Jane C. Fogarty (Age 57)Executive VP of Legal & Corporate Secretary Comp: $912.91kMr. Cormac J. Twomey (Age 54)Executive Vice President of Global Operations & Delivery Comp: $1.22MMs. Winnie SunSenior Vice President of Operations & DeliveryMr. Craig GibsonEVP of Global Sales & Account ManagementMr. David E. SteinVice President of Investor RelationsMs. Debbie GonzalezSenior Vice President of Global Marketing & CommunicationsMr. Jason MarasiganSenior Vice President of Corporate DevelopmentMs. Diane HansonSenior Vice President of People SolutionsMore ExecutivesKey CompetitorsCBIZNYSE:CBZEnvestnetNYSE:ENVDLocalNASDAQ:DLONuveiNASDAQ:NVEIWestern UnionNYSE:WUView All CompetitorsInsiders & InstitutionsSei Investments Co.Sold 401 shares on 5/7/2024Ownership: 0.056%Oppenheimer Asset Management Inc.Bought 605 shares on 5/7/2024Ownership: 0.005%Tweedy Browne Co LLCBought 30,798 shares on 5/6/2024Ownership: 0.263%Texas Permanent School Fund CorpBought 647 shares on 5/6/2024Ownership: 0.062%Quantbot Technologies LPBought 22,482 shares on 5/6/2024Ownership: 0.034%View All Insider TransactionsView All Institutional Transactions CNXC Stock Analysis - Frequently Asked Questions Should I buy or sell Concentrix stock right now? 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CNXC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNXC, but not buy additional shares or sell existing shares. View CNXC analyst ratings or view top-rated stocks. What is Concentrix's stock price target for 2024? 4 equities research analysts have issued 12 month price objectives for Concentrix's stock. Their CNXC share price targets range from $60.00 to $85.00. On average, they anticipate the company's stock price to reach $74.75 in the next year. This suggests a possible upside of 21.6% from the stock's current price. View analysts price targets for CNXC or view top-rated stocks among Wall Street analysts. How have CNXC shares performed in 2024? Concentrix's stock was trading at $98.21 at the beginning of 2024. Since then, CNXC shares have decreased by 37.4% and is now trading at $61.45. View the best growth stocks for 2024 here. When is Concentrix's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 26th 2024. View our CNXC earnings forecast. How were Concentrix's earnings last quarter? Concentrix Co. (NASDAQ:CNXC) issued its earnings results on Tuesday, March, 26th. The company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.36 by $0.03. The business earned $2.40 billion during the quarter, compared to analysts' expectations of $2.38 billion. Concentrix had a trailing twelve-month return on equity of 17.70% and a net margin of 3.53%. How often does Concentrix pay dividends? What is the dividend yield for Concentrix? Concentrix declared a quarterly dividend on Tuesday, March 26th. Stockholders of record on Friday, April 26th will be given a dividend of $0.303 per share on Tuesday, May 7th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, April 25th. This is a positive change from the stock's previous quarterly dividend of $0.30. Read our dividend analysis for CNXC. Is Concentrix a good dividend stock? Concentrix (NASDAQ:CNXC) pays an annual dividend of $1.21 per share and currently has a dividend yield of 2.04%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.83% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CNXC. What ETFs hold Concentrix's stock? ETFs with the largest weight of Concentrix (NASDAQ:CNXC) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), Amplify Cash Flow Dividend Leaders ETF (COWS), First Trust Technology AlphaDEX Fund (FXL) and Mid Cap US Equity Select ETF (RNMC).First Trust Mid Cap Value AlphaDEX Fund (FNK) and What guidance has Concentrix issued on next quarter's earnings? Concentrix updated its FY 2024 earnings guidance on Tuesday, March, 26th. The company provided earnings per share guidance of 11.690-12.500 for the period, compared to the consensus earnings per share estimate of 11.960. The company issued revenue guidance of $9.5 billion-$9.7 billion, compared to the consensus revenue estimate of $9.6 billion. When did Concentrix IPO? Concentrix (CNXC) raised $75 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 5,000,000 shares at a price of $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura served as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers. Who are Concentrix's major shareholders? Concentrix's stock is owned by a variety of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (1.54%), Principal Financial Group Inc. (0.52%), Allspring Global Investments Holdings LLC (0.44%), Allspring Global Investments Holdings LLC (0.44%), Valley Wealth Managers Inc. (0.31%) and Tweedy Browne Co LLC (0.26%). Insiders that own company stock include Andre S Valentine, Ann F Vezina, Christopher A Caldwell, Cormac J Twomey, Dennis Polk, Jane Fogarty, Kathryn Hayley, Matthew J Cox, Matthew Miau, Richard Rosso and Star Developments Ltd Silver. View institutional ownership trends. How do I buy shares of Concentrix? Shares of CNXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CNXC) was last updated on 5/8/2024 by MarketBeat.com Staff From Our PartnersShocking: One AI startup's revenue could surge 4,735%Manward PressThe Department of Defense Has a New Drone ContractorThe Tomorrow InvestorGold Set to EXPLODE!Gold Safe ExchangeConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsAI “wealth window” is closing June 25thParadigm Press[URGENT] DO NOT Touch These AI Stocks!Weiss RatingsStock-Picking AI Predicts #1 Stock of 2024AltimetryElon Musk Secret Crypto Plot ExposedCrypto 101 Media Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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