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

by · The Cerbat Gem

Concentrix (NASDAQ:CNXC – Get Free Report)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a report released on Monday,Benzinga reports. They presently have a $62.00 target price on the stock. Barrington Research’s price target indicates a potential upside of 40.72% from the stock’s current price.

Several other analysts also recently issued reports on CNXC. Canaccord Genuity Group reiterated a “buy” rating and issued a $80.00 price target on shares of Concentrix in a report on Tuesday, September 23rd. Wall Street Zen upgraded Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Robert W. Baird dropped their target price on Concentrix from $75.00 to $62.00 and set an “outperform” rating on the stock in a report on Monday, September 29th. Finally, Weiss Ratings raised Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.25.

View Our Latest Stock Report on CNXC

Concentrix Price Performance

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

Insider Transactions at Concentrix

In other news, CEO Christopher A. Caldwell acquired 2,000 shares of Concentrix stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average cost of $42.03 per share, for a total transaction of $84,060.00. Following the completion of the purchase, the chief executive officer directly owned 286,661 shares of the company’s stock, valued at $12,048,361.83. This trade represents a 0.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.20% of the stock is owned by company insiders.

Institutional Trading of Concentrix

A number of large investors have recently modified their holdings of the company. Huntington National Bank boosted its stake in Concentrix by 6,011.1% during the 3rd quarter. Huntington National Bank now owns 550 shares of the company’s stock valued at $25,000 after purchasing an additional 541 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Concentrix by 532.7% during the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock worth $34,000 after buying an additional 522 shares during the period. Quent Capital LLC bought a new position in Concentrix in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC grew its holdings in Concentrix by 224.9% in the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock worth $32,000 after buying an additional 479 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Concentrix by 473.8% in the 2nd quarter. IFP Advisors Inc now owns 700 shares of the company’s stock valued at $37,000 after acquiring an additional 578 shares during the period. Institutional investors and hedge funds own 90.34% of the company’s stock.

Concentrix Company Profile

(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.

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