Ieq Capital LLC increased its holdings in shares of Concentrix Co. (NASDAQ:CNXC – Free Report) by 50.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,763 shares of the company’s stock after buying an additional 1,607 shares during the quarter. Ieq Capital LLC’s holdings in Concentrix were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of CNXC. Massmutual Trust Co. FSB ADV boosted its position in Concentrix by 89.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 312 shares of the company’s stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. Huntington National Bank boosted its position in Concentrix by 98.1% during the second quarter. Huntington National Bank now owns 315 shares of the company’s stock valued at $25,000 after purchasing an additional 156 shares during the last quarter. Quarry LP acquired a new stake in Concentrix during the first quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its position in Concentrix by 326.7% during the second quarter. EverSource Wealth Advisors LLC now owns 559 shares of the company’s stock valued at $45,000 after purchasing an additional 428 shares during the last quarter. Finally, Covestor Ltd boosted its position in Concentrix by 702.8% during the second quarter. Covestor Ltd now owns 578 shares of the company’s stock valued at $46,000 after purchasing an additional 506 shares during the last quarter. Institutional investors and hedge funds own 79.03% of the company’s stock.
Concentrix Price Performance
Shares of NASDAQ:CNXC opened at $89.80 on Wednesday. Concentrix Co. has a fifty-two week low of $70.58 and a fifty-two week high of $151.82. The business has a 50-day moving average of $95.96 and a two-hundred day moving average of $84.92. The stock has a market capitalization of $5.98 billion, a P/E ratio of 15.56, a P/E/G ratio of 0.98 and a beta of 0.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.38 and a quick ratio of 3.54.
Concentrix Announces Dividend
Wall Street Analyst Weigh In
A number of analysts recently issued reports on CNXC shares. Barrington Research lifted their price objective on Concentrix from $98.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Scotiabank reduced their price objective on Concentrix from $120.00 to $115.00 in a research report on Tuesday, October 10th. Finally, TheStreet raised Concentrix from a “d” rating to a “c-” rating in a research report on Monday, November 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.20.
Concentrix Corporation provides 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. It also offers customer lifecycle management; customer experience/user experience strategy and design; analytics and actionable insights; digital transformation; and voice of the customer and analytics solutions.
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