Steward Partners Investment Advisory LLC Has $28,000 Stock Holdings in Concentrix Co. (NASDAQ:CNXC)

Steward Partners Investment Advisory LLC lifted its position in shares of Concentrix Co. (NASDAQ:CNXC) by 81.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 638 shares of the company’s stock after purchasing an additional 286 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Concentrix were worth $28,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Concentrix by 0.3% during the 4th quarter. Rhumbline Advisers now owns 128,617 shares of the company’s stock worth $5,565,000 after purchasing an additional 324 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Concentrix by 58.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,201 shares of the company’s stock worth $52,000 after purchasing an additional 444 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Concentrix by 159.6% during the 4th quarter. Venturi Wealth Management LLC now owns 797 shares of the company’s stock worth $34,000 after purchasing an additional 490 shares during the last quarter. KBC Group NV increased its stake in shares of Concentrix by 68.3% during the 4th quarter. KBC Group NV now owns 2,008 shares of the company’s stock worth $87,000 after purchasing an additional 815 shares during the last quarter. Finally, Clark Estates Inc. NY grew its stake in Concentrix by 2.0% in the 3rd quarter. Clark Estates Inc. NY now owns 45,150 shares of the company’s stock valued at $2,314,000 after buying an additional 900 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors and hedge funds.

Concentrix Stock Up 1.2 %

Shares of CNXC opened at $46.81 on Thursday. Concentrix Co. has a 52 week low of $36.28 and a 52 week high of $77.00. The firm has a market cap of $3.01 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 0.63 and a beta of 0.69. The firm’s 50-day simple moving average is $47.70 and its 200 day simple moving average is $48.75. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.42.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings results on Wednesday, January 15th. The company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.25. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.44 billion. Concentrix had a net margin of 2.61% and a return on equity of 16.67%. Concentrix’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.36 EPS. On average, analysts forecast that Concentrix Co. will post 10.11 earnings per share for the current year.

Concentrix Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were issued a $0.3328 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Friday, January 31st. Concentrix’s dividend payout ratio is currently 35.85%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target on shares of Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $75.00.

Insider Buying and Selling at Concentrix

In other Concentrix news, EVP Cormac J. Twomey sold 500 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $55.60, for a total value of $27,800.00. Following the completion of the sale, the executive vice president now owns 41,111 shares of the company’s stock, valued at $2,285,771.60. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.20% of the company’s stock.

Concentrix Company Profile

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.