SG Americas Securities LLC Has $171,000 Stock Position in Concentrix Co. (NASDAQ:CNXC)

SG Americas Securities LLC reduced its stake in shares of Concentrix Co. (NASDAQ:CNXC) by 29.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,741 shares of the company’s stock after selling 731 shares during the period. SG Americas Securities LLC’s holdings in Concentrix were worth $171,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Concentrix during the 1st quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of Concentrix during the 3rd quarter worth $65,000. Ronald Blue Trust Inc. lifted its position in shares of Concentrix by 382.1% during the 3rd quarter. Ronald Blue Trust Inc. now owns 887 shares of the company’s stock worth $72,000 after buying an additional 703 shares during the last quarter. State of Wyoming lifted its position in shares of Concentrix by 388.1% during the 2nd quarter. State of Wyoming now owns 1,064 shares of the company’s stock worth $86,000 after buying an additional 846 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Concentrix by 134.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the company’s stock worth $105,000 after buying an additional 754 shares during the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Concentrix Price Performance

Concentrix stock opened at $59.22 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.38 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $3.91 billion, a PE ratio of 12.21, a P/E/G ratio of 0.68 and a beta of 0.48. Concentrix Co. has a 12 month low of $56.81 and a 12 month high of $113.04. The stock has a 50-day moving average price of $70.37 and a two-hundred day moving average price of $82.65.

Concentrix (NASDAQ:CNXC) last posted its earnings results on Wednesday, January 24th. The company reported $3.07 EPS for the quarter, beating the consensus estimate of $2.92 by $0.15. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.20 billion. Concentrix had a return on equity of 17.70% and a net margin of 3.53%. Analysts expect that Concentrix Co. will post 11.03 EPS for the current year.

Concentrix Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Friday, April 26th will be given a dividend of $0.303 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Concentrix’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, April 25th. Concentrix’s dividend payout ratio (DPR) is 24.95%.

Analyst Ratings Changes

CNXC has been the subject of several recent analyst reports. Barrington Research dropped their price objective on Concentrix from $121.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, March 27th. Bank of America restated an “underperform” rating and set a $60.00 price objective (down from $85.00) on shares of Concentrix in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $82.25.

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.