Concentrix Co. (NASDAQ:CNXC) EVP Sells $22,025.00 in Stock

Concentrix Co. (NASDAQ:CNXC) EVP Cormac J. Twomey sold 500 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $44.05, for a total value of $22,025.00. Following the completion of the sale, the executive vice president now directly owns 23,936 shares of the company’s stock, valued at approximately $1,054,380.80. The trade was a 2.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Concentrix Stock Up 0.8 %

NASDAQ CNXC traded up $0.33 on Tuesday, hitting $43.27. 354,722 shares of the company were exchanged, compared to its average volume of 580,075. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.18. The company has a market cap of $2.80 billion, a PE ratio of 14.05, a PEG ratio of 0.56 and a beta of 0.63. The stock has a fifty day moving average of $42.97 and a 200-day moving average of $56.27. Concentrix Co. has a 12 month low of $36.28 and a 12 month high of $106.10.

Hedge Funds Weigh In On Concentrix

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Concentrix by 64.9% in the 3rd quarter. GAMMA Investing LLC now owns 729 shares of the company’s stock valued at $37,000 after buying an additional 287 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Concentrix in the second quarter valued at approximately $68,000. Quarry LP increased its holdings in shares of Concentrix by 769.9% during the second quarter. Quarry LP now owns 1,244 shares of the company’s stock valued at $79,000 after acquiring an additional 1,101 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Concentrix during the third quarter worth approximately $146,000. Finally, Blue Trust Inc. lifted its holdings in shares of Concentrix by 62.4% in the 3rd quarter. Blue Trust Inc. now owns 3,132 shares of the company’s stock worth $161,000 after purchasing an additional 1,204 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CNXC shares. Robert W. Baird started coverage on Concentrix in a report on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 target price on the stock. Baird R W upgraded shares of Concentrix to a “strong-buy” rating in a research report on Thursday, October 3rd. Barrington Research dropped their target price on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, September 26th. Canaccord Genuity Group decreased their price target on Concentrix from $125.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, September 26th. 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 investment 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $79.00.

About Concentrix

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.