Concentrix’s (CNXC) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Concentrix (NASDAQ:CNXCFree Report) in a research report report published on Friday morning, Benzinga reports. Barrington Research currently has a $84.00 price target on the stock.

CNXC has been the topic of a number of other research reports. Scotiabank dropped their target price on shares of Concentrix from $120.00 to $85.00 and set a sector outperform rating on the stock in a research report on Monday, April 29th. Bank of America reaffirmed an underperform rating and set a $60.00 target price (down previously from $85.00) on shares of Concentrix in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Concentrix has a consensus rating of Hold and an average price target of $74.75.

Read Our Latest Report on Concentrix

Concentrix Stock Performance

CNXC stock opened at $59.97 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $3.96 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.71 and a beta of 0.60. The firm has a 50 day simple moving average of $59.93 and a 200 day simple moving average of $74.23. Concentrix has a 52 week low of $53.89 and a 52 week high of $106.10.

Concentrix (NASDAQ:CNXCGet Free Report) last posted its earnings results on Tuesday, March 26th. The company reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.03). Concentrix had a net margin of 3.53% and a return on equity of 17.70%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.38 billion. Research analysts anticipate that Concentrix will post 11.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Christopher A. Caldwell purchased 900 shares of the stock in a transaction dated Friday, April 19th. The stock was bought at an average cost of $54.59 per share, with a total value of $49,131.00. Following the purchase, the chief executive officer now directly owns 239,128 shares in the company, valued at approximately $13,053,997.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 1,679 shares of company stock valued at $98,546. 3.00% of the stock is currently owned by insiders.

Institutional Trading of Concentrix

Large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its holdings in shares of Concentrix by 381.7% in the 4th quarter. First Horizon Advisors Inc. now owns 342 shares of the company’s stock valued at $34,000 after buying an additional 271 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in shares of Concentrix in the 4th quarter valued at approximately $35,000. Parkside Financial Bank & Trust boosted 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 buying an additional 374 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Concentrix by 29.8% in the 4th quarter. Blue Trust Inc. now owns 1,151 shares of the company’s stock valued at $113,000 after buying an additional 264 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Concentrix by 163.3% in the 3rd quarter. Covestor Ltd now owns 1,522 shares of the company’s stock valued at $122,000 after buying an additional 944 shares during the last quarter. 90.34% of the stock is owned by institutional investors.

Concentrix Company Profile

(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.

Further Reading

Receive News & Ratings for Concentrix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concentrix and related companies with MarketBeat.com's FREE daily email newsletter.