Concentrix Corporation $CNXC Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its stake in shares of Concentrix Corporation (NASDAQ:CNXC) by 1.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 510,796 shares of the company’s stock after purchasing an additional 8,960 shares during the period. Loomis Sayles & Co. L P’s holdings in Concentrix were worth $26,998,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Earned Wealth Advisors LLC lifted its position in shares of Concentrix by 6.4% during the second quarter. Earned Wealth Advisors LLC now owns 4,488 shares of the company’s stock worth $237,000 after purchasing an additional 269 shares in the last quarter. True Wealth Design LLC increased its stake in Concentrix by 39.3% during the 2nd quarter. True Wealth Design LLC now owns 1,163 shares of the company’s stock worth $61,000 after buying an additional 328 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Concentrix by 23.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,818 shares of the company’s stock worth $96,000 after buying an additional 351 shares in the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Concentrix by 2.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,800 shares of the company’s stock worth $782,000 after buying an additional 400 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Concentrix by 3.8% in the 1st quarter. American Century Companies Inc. now owns 12,942 shares of the company’s stock valued at $720,000 after buying an additional 476 shares during the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

Insiders Place Their Bets

In other Concentrix news, CEO Christopher A. Caldwell acquired 1,000 shares of the stock in a transaction dated Friday, October 31st. The shares were bought at an average price of $40.00 per share, with a total value of $40,000.00. Following the purchase, the chief executive officer directly owned 287,661 shares of the company’s stock, valued at approximately $11,506,440. This trade represents a 0.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have bought 4,000 shares of company stock valued at $169,410. 3.20% of the stock is currently owned by corporate insiders.

Concentrix Stock Up 2.0%

CNXC stock opened at $36.22 on Friday. The stock has a market cap of $2.25 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.52 and a beta of 0.49. The firm’s 50-day simple moving average is $42.52 and its 200 day simple moving average is $50.11. Concentrix Corporation has a fifty-two week low of $31.63 and a fifty-two week high of $66.00. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.10.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Thursday, September 25th. The company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.10). Concentrix had a return on equity of 16.02% and a net margin of 3.25%.The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the company earned $2.87 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Concentrix has set its FY 2025 guidance at 11.110-11.230 EPS. Q4 2025 guidance at 2.850-2.960 EPS. As a group, sell-side analysts predict that Concentrix Corporation will post 10.11 EPS for the current year.

Concentrix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Friday, October 24th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.0%. This is a boost from Concentrix’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, October 24th. Concentrix’s dividend payout ratio (DPR) is presently 30.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 price target on shares of Concentrix in a report on Tuesday, September 23rd. Weiss Ratings raised Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and set a $62.00 price target on shares of Concentrix in a research report on Thursday, November 20th. Wall Street Zen upgraded shares of Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Robert W. Baird reduced their price objective on shares of Concentrix from $75.00 to $62.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.25.

Concentrix 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.