Concentrix Corporation $CNXC Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC decreased its position in Concentrix Corporation (NASDAQ:CNXC) by 85.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,791 shares of the company’s stock after selling 22,769 shares during the period. Teza Capital Management LLC’s holdings in Concentrix were worth $211,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Scientech Research LLC grew its holdings in Concentrix by 121.5% in the first quarter. Scientech Research LLC now owns 14,215 shares of the company’s stock valued at $791,000 after purchasing an additional 7,797 shares during the last quarter. Gotham Asset Management LLC grew its holdings in Concentrix by 32.0% in the first quarter. Gotham Asset Management LLC now owns 332,609 shares of the company’s stock valued at $18,506,000 after purchasing an additional 80,709 shares during the last quarter. AQR Capital Management LLC grew its holdings in Concentrix by 850.1% in the first quarter. AQR Capital Management LLC now owns 3,429,913 shares of the company’s stock valued at $190,840,000 after purchasing an additional 3,068,916 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in Concentrix by 5.5% in the first quarter. Alyeska Investment Group L.P. now owns 514,924 shares of the company’s stock valued at $28,650,000 after purchasing an additional 26,746 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Concentrix in the first quarter valued at $667,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

Analysts Set New Price Targets

CNXC has been the topic of several recent research reports. Wall Street Zen downgraded Concentrix from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Bank of America reduced their price objective on Concentrix from $65.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, June 27th. Canaccord Genuity Group restated a “buy” rating and issued a $80.00 price objective on shares of Concentrix in a research report on Monday, June 30th. Barrington Research restated an “outperform” rating and issued a $54.00 price objective on shares of Concentrix in a research report on Tuesday, June 24th. Finally, Robert W. Baird upped their price objective on Concentrix from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $66.75.

Concentrix Stock Performance

NASDAQ CNXC opened at $53.56 on Wednesday. The business’s 50-day moving average price is $53.32 and its 200 day moving average price is $51.84. Concentrix Corporation has a twelve month low of $36.28 and a twelve month high of $71.09. The company has a market capitalization of $3.38 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 0.70 and a beta of 0.53. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.14.

Concentrix (NASDAQ:CNXC) last released its earnings results on Thursday, June 26th. The company reported $2.70 earnings per share for the quarter, missing the consensus estimate of $2.76 by ($0.06). Concentrix had a return on equity of 16.31% and a net margin of 2.54%.The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter last year, the company posted $2.69 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Concentrix has set its FY 2025 guidance at 11.530-11.760 EPS. Q3 2025 guidance at 2.800-2.910 EPS. On average, research analysts predict that Concentrix Corporation will post 10.11 earnings per share for the current year.

Concentrix Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Friday, July 25th were given a dividend of $0.3328 per share. The ex-dividend date was Friday, July 25th. This represents a $1.33 annualized dividend and a yield of 2.5%. Concentrix’s dividend payout ratio is 36.54%.

Insider Activity at Concentrix

In other news, EVP Cormac J. Twomey sold 500 shares of the firm’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $57.91, for a total value of $28,955.00. Following the transaction, the executive vice president directly owned 37,130 shares in the company, valued at $2,150,198.30. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by company insiders.

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.