Concentrix (NASDAQ:CNXC – Get Rating) had its target price reduced by Barrington Research from $202.00 to $183.00 in a research report released on Tuesday, The Fly reports. They currently have an outperform rating on the stock.

Shares of Concentrix stock opened at $134.99 on Tuesday. The company has a market capitalization of $7.08 billion, a PE ratio of 15.59, a P/E/G ratio of 0.82 and a beta of 0.63. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.57 and a current ratio of 1.59. The company has a 50-day simple moving average of $147.50 and a two-hundred day simple moving average of $169.98. Concentrix has a one year low of $131.01 and a one year high of $208.48.

Concentrix (NASDAQ:CNXC – Get Rating) last announced its earnings results on Monday, June 27th. The company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $2.82 by $0.11. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Concentrix had a net margin of 7.66% and a return on equity of 20.87%. The firm's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.37 earnings per share. On average, equities analysts predict that Concentrix will post 11.32 earnings per share for the current fiscal year.

In other news, Director Dennis Polk sold 10,000 shares of the business's stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $153.19, for a total transaction of $1,531,900.00. Following the sale, the director now owns 18,282 shares in the company, valued at $2,800,619.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathryn Hayley purchased 640 shares of the company's stock in a transaction dated Monday, April 25th. The shares were acquired at an average price of $156.33 per share, for a total transaction of $100,051.20. Following the purchase, the director now directly owns 1,240 shares of the company's stock, valued at approximately $193,849.20. The disclosure for this purchase can be found here. Insiders have bought 1,514 shares of company stock worth $240,032 in the last 90 days. Insiders own 0.98% of the company's stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. boosted its position in Concentrix by 168.9% in the fourth quarter. Citigroup Inc. now owns 19,906 shares of the company's stock valued at $3,555,000 after buying an additional 12,504 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of Concentrix by 35.7% during the 1st quarter. Virginia Retirement Systems ET AL now owns 15,200 shares of the company's stock worth $2,532,000 after buying an additional 4,000 shares during the period. Alliancebernstein L.P. raised its stake in Concentrix by 0.3% in the 4th quarter. Alliancebernstein L.P. now owns 83,478 shares of the company's stock valued at $14,911,000 after purchasing an additional 248 shares during the last quarter. Symmetry Partners LLC acquired a new stake in shares of Concentrix in the 1st quarter worth $501,000. Finally, Quent Capital LLC purchased a new position in shares of Concentrix during the 4th quarter worth $114,000. Hedge funds and other institutional investors own 75.73% of the company's stock.

About Concentrix (Get Rating)

Concentrix Corporation provides 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. It also offers customer lifecycle management; customer experience/user experience strategy and design; digital transformation; and voice of the customer and analytics solutions.

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