Concentrix Co. (NASDAQ:CNXC) Director Kathryn Hayley Purchases 379 Shares of Stock

Concentrix Co. (NASDAQ:CNXCGet Free Report) Director Kathryn Hayley acquired 379 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average price of $65.96 per share, with a total value of $24,998.84. Following the acquisition, the director now directly owns 2,534 shares of the company’s stock, valued at approximately $167,142.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Concentrix Trading Down 6.5 %

Shares of Concentrix stock opened at $57.49 on Thursday. The company has a fifty day simple moving average of $74.51 and a 200-day simple moving average of $83.25. Concentrix Co. has a 12-month low of $57.30 and a 12-month high of $121.36. The company has a current ratio of 1.56, a quick ratio of 1.38 and a debt-to-equity ratio of 1.23. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.71 and a beta of 0.48.

Concentrix (NASDAQ:CNXCGet Free Report) last issued its earnings results on Wednesday, January 24th. The company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.15. Concentrix had a net margin of 3.53% and a return on equity of 17.70%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.20 billion. On average, equities analysts forecast that Concentrix Co. will post 11.03 EPS for the current fiscal year.

Concentrix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 26th will be given a $0.303 dividend. This is an increase from Concentrix’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.21 annualized dividend and a yield of 2.11%. Concentrix’s dividend payout ratio is 24.95%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CNXC. Bank of America restated an “underperform” rating and issued a $60.00 price objective (down previously from $85.00) on shares of Concentrix in a report on Wednesday, March 27th. Barrington Research lowered their price target on shares of Concentrix from $121.00 to $84.00 and set an “outperform” rating for the company in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $95.80.

Get Our Latest Analysis on CNXC

Institutional Trading of Concentrix

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new position in Concentrix during the 1st quarter worth $26,000. First Horizon Advisors Inc. raised its position in Concentrix by 381.7% during the 4th quarter. First Horizon Advisors Inc. now owns 342 shares of the company’s stock worth $34,000 after buying an additional 271 shares during the last quarter. Pineridge Advisors LLC purchased a new position in Concentrix during the 4th quarter worth $35,000. Parkside Financial Bank & Trust increased its holdings in shares of Concentrix by 146.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 630 shares of the company’s stock valued at $62,000 after purchasing an additional 374 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Concentrix in the 3rd quarter valued at about $65,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

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.

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Insider Buying and Selling by Quarter for Concentrix (NASDAQ:CNXC)

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