American Century Companies Inc. Acquires 476 Shares of Concentrix Corporation $CNXC

American Century Companies Inc. increased its holdings in shares of Concentrix Corporation (NASDAQ:CNXC) by 3.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 12,942 shares of the company’s stock after purchasing an additional 476 shares during the period. American Century Companies Inc.’s holdings in Concentrix were worth $720,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Boston Partners grew its holdings in Concentrix by 17.1% during the first quarter. Boston Partners now owns 624,274 shares of the company’s stock worth $33,991,000 after purchasing an additional 91,130 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Concentrix by 22,880.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 6,894 shares of the company’s stock worth $384,000 after purchasing an additional 6,864 shares during the period. Trajan Wealth LLC bought a new position in Concentrix during the first quarter worth about $230,000. Nuveen LLC acquired a new stake in Concentrix during the first quarter worth approximately $8,575,000. Finally, Virtu Financial LLC bought a new stake in shares of Concentrix during the first quarter worth approximately $1,132,000. Institutional investors own 90.34% of the company’s stock.

Insiders Place Their Bets

In other Concentrix 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 transaction of $28,955.00. Following the completion of the sale, the executive vice president directly owned 37,130 shares in the company, valued at $2,150,198.30. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by insiders.

Analysts Set New Price Targets

CNXC has been the topic of a number of recent research reports. Wall Street Zen lowered Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Barrington Research reiterated an “outperform” rating and set a $54.00 target price on shares of Concentrix in a research note on Tuesday, June 24th. Bank of America lowered their target price on Concentrix from $65.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, June 27th. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 target price on shares of Concentrix in a research note on Monday, June 30th. Finally, Robert W. Baird increased their target price on Concentrix from $62.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, June 26th. One equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $66.75.

Concentrix Stock Up 0.9%

NASDAQ CNXC opened at $52.46 on Friday. The business has a fifty day moving average price of $53.34 and a two-hundred day moving average price of $51.68. 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 $76.11. The stock has a market capitalization of $3.31 billion, a PE ratio of 14.41, a PEG ratio of 0.69 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). 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 the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company earned $2.69 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Concentrix has set its FY 2025 guidance at 11.530-11.760 EPS. Q3 2025 guidance at 2.800-2.910 EPS. Equities analysts expect that Concentrix Corporation will post 10.11 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Friday, July 25th were paid 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 presently 36.54%.

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.