Concentrix Corporation (NASDAQ:CNXC) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Concentrix Corporation (NASDAQ:CNXC – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $66.25.

CNXC has been the subject of several research reports. Canaccord Genuity Group restated a “buy” rating and set a $80.00 price objective on shares of Concentrix in a research report on Tuesday, September 23rd. Barrington Research reissued an “outperform” rating and set a $62.00 price target on shares of Concentrix in a report on Thursday, November 20th. Wall Street Zen upgraded Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Weiss Ratings upgraded Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Robert W. Baird reduced their target price on shares of Concentrix from $75.00 to $62.00 and set an “outperform” rating for the company in a research report on Monday, September 29th.

Read Our Latest Research Report on Concentrix

Concentrix Stock Performance

NASDAQ CNXC opened at $44.06 on Wednesday. Concentrix has a 52-week low of $31.63 and a 52-week high of $66.00. The stock has a market cap of $2.74 billion, a PE ratio of 9.32, a P/E/G ratio of 0.59 and a beta of 0.48. The firm has a 50-day moving average of $38.41 and a 200-day moving average of $46.88. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.56 and a current ratio of 1.56.

Insider Activity

In other Concentrix news, CEO Christopher A. Caldwell bought 2,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $42.03 per share, for a total transaction of $84,060.00. Following the transaction, the chief executive officer directly owned 286,661 shares in the company, valued at approximately $12,048,361.83. This trade represents a 0.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Concentrix

Several institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its holdings in Concentrix by 13.4% during the second quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock valued at $118,000 after purchasing an additional 263 shares during the period. Earned Wealth Advisors LLC lifted its position in shares of Concentrix by 6.4% during the 2nd quarter. Earned Wealth Advisors LLC now owns 4,488 shares of the company’s stock valued at $237,000 after buying an additional 269 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Concentrix by 39.3% during the 2nd quarter. True Wealth Design LLC now owns 1,163 shares of the company’s stock valued at $61,000 after buying an additional 328 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Concentrix by 26.4% during the 3rd quarter. Clearstead Advisors LLC now owns 1,650 shares of the company’s stock worth $76,000 after acquiring an additional 345 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Concentrix by 23.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,818 shares of the company’s stock worth $96,000 after acquiring an additional 351 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors.

About Concentrix

(Get Free Report)

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.

Featured Stories