Cwm LLC Raises Stake in Concentrix Co. (NASDAQ:CNXC)

Cwm LLC boosted its holdings in shares of Concentrix Co. (NASDAQ:CNXCGet Rating) by 69.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 317 shares of the company’s stock after purchasing an additional 130 shares during the period. Cwm LLC’s holdings in Concentrix were worth $35,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC grew its position in Concentrix by 1.1% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,201 shares of the company’s stock worth $977,000 after purchasing an additional 76 shares during the last quarter. Utah Retirement Systems grew its position in Concentrix by 4.5% during the 2nd quarter. Utah Retirement Systems now owns 2,300 shares of the company’s stock worth $312,000 after purchasing an additional 100 shares during the last quarter. Amundi grew its position in Concentrix by 40.8% during the 2nd quarter. Amundi now owns 373 shares of the company’s stock worth $47,000 after purchasing an additional 108 shares during the last quarter. Ronald Blue Trust Inc. grew its position in Concentrix by 57.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 307 shares of the company’s stock worth $42,000 after purchasing an additional 112 shares during the last quarter. Finally, First PREMIER Bank grew its position in Concentrix by 57.5% during the 3rd quarter. First PREMIER Bank now owns 315 shares of the company’s stock worth $35,000 after purchasing an additional 115 shares during the last quarter. 92.31% of the stock is owned by hedge funds and other institutional investors.

Concentrix Stock Down 0.7 %

Shares of NASDAQ:CNXC opened at $141.99 on Friday. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.00 and a beta of 0.54. The firm’s 50-day simple moving average is $127.91 and its 200-day simple moving average is $126.17. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.91. Concentrix Co. has a fifty-two week low of $108.57 and a fifty-two week high of $208.48.

Insider Activity

In other news, Director Dennis Polk sold 10,000 shares of Concentrix stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $121.64, for a total value of $1,216,400.00. Following the sale, the director now owns 15,507 shares of the company’s stock, valued at $1,886,271.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barrington Research lowered their price objective on shares of Concentrix from $183.00 to $174.00 and set an “outperform” rating on the stock in a research report on Friday, September 30th. TheStreet raised shares of Concentrix from a “c” rating to a “b-” rating in a report on Thursday, January 12th.

Concentrix Profile

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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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Institutional Ownership by Quarter for Concentrix (NASDAQ:CNXC)

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