Concentrix Corporation $CNXC Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in shares of Concentrix Corporation (NASDAQ:CNXC) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 542,119 shares of the company’s stock after selling 41,189 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.85% of Concentrix worth $30,164,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Concentrix by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,242,763 shares of the company’s stock valued at $291,707,000 after buying an additional 106,217 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Concentrix by 38.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,981,227 shares of the company’s stock valued at $128,998,000 after buying an additional 823,228 shares during the last quarter. Copeland Capital Management LLC lifted its stake in Concentrix by 3.0% in the first quarter. Copeland Capital Management LLC now owns 1,373,432 shares of the company’s stock valued at $76,418,000 after buying an additional 40,226 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in Concentrix by 55.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,009,133 shares of the company’s stock valued at $43,665,000 after buying an additional 359,476 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY increased its holdings in shares of Concentrix by 2.7% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 750,142 shares of the company’s stock valued at $32,459,000 after purchasing an additional 19,418 shares during the period. 90.34% of the stock is currently owned by institutional investors.

Concentrix Trading Up 1.2%

NASDAQ:CNXC opened at $48.76 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.61 and a quick ratio of 1.61. Concentrix Corporation has a fifty-two week low of $36.28 and a fifty-two week high of $77.00. The stock’s 50-day moving average is $54.13 and its two-hundred day moving average is $51.45. The stock has a market cap of $3.07 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.64 and a beta of 0.53.

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). The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Concentrix had a net margin of 2.54% and a return on equity of 16.31%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $2.69 EPS. Concentrix has set its FY 2025 guidance at 11.530-11.760 EPS. Q3 2025 guidance at 2.800-2.910 EPS. As a group, equities research analysts forecast that Concentrix Corporation will post 10.11 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Friday, July 25th were paid a $0.3328 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, July 25th. Concentrix’s dividend payout ratio is presently 36.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CNXC shares. Barrington Research restated an “outperform” rating and set a $54.00 price objective on shares of Concentrix in a research note on Tuesday, June 24th. Wall Street Zen cut shares of Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Bank of America cut their price objective on shares of Concentrix from $65.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, June 27th. Robert W. Baird lifted their price objective on shares of Concentrix from $62.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, June 26th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $80.00 price target on shares of Concentrix in a research report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Concentrix presently has an average rating of “Buy” and an average price target of $66.75.

Insider Activity at Concentrix

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

About Concentrix

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.