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 stock was sold at an average price of $44.05, for a total transaction of $22,025.00. Following the sale, the executive vice president now owns 23,936 shares of the company’s stock, valued at $1,054,380.80. This trade represents 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 Trading Up 0.6 %

NASDAQ:CNXC opened at $43.54 on Friday. Concentrix Co. has a 1 year low of $36.28 and a 1 year high of $106.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a fifty day moving average price of $42.83 and a two-hundred day moving average price of $55.96. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.56 and a beta of 0.63.

Wall Street Analyst Weigh In

CNXC has been the subject of a number of recent research reports. Canaccord Genuity Group decreased their price objective on Concentrix from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, September 26th. Bank of America decreased their price target on Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Baird R W raised shares of Concentrix to a “strong-buy” rating in a research note on Thursday, October 3rd. Robert W. Baird assumed coverage on shares of Concentrix in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 target price for the company. Finally, Barrington Research dropped their price target on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, September 26th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Concentrix currently has an average rating of “Buy” and an average price target of $79.00.

Hedge Funds Weigh In On Concentrix

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Concentrix by 64.9% during the third quarter. GAMMA Investing LLC now owns 729 shares of the company’s stock worth $37,000 after buying an additional 287 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Concentrix during the 2nd quarter worth approximately $68,000. Quarry LP boosted its stake in shares of Concentrix by 769.9% during the 2nd quarter. Quarry LP now owns 1,244 shares of the company’s stock worth $79,000 after acquiring an additional 1,101 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Concentrix in the 3rd quarter worth approximately $146,000. Finally, Blue Trust Inc. increased its stake in Concentrix by 62.4% in the 3rd quarter. Blue Trust Inc. now owns 3,132 shares of the company’s stock valued at $161,000 after purchasing an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

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.