Parkside Financial Bank & Trust Has $62,000 Stock Holdings in Concentrix Co. (NASDAQ:CNXC)

Parkside Financial Bank & Trust boosted its stake in Concentrix Co. (NASDAQ:CNXC) by 146.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 630 shares of the company’s stock after purchasing an additional 374 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Concentrix were worth $62,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Concentrix during the third quarter valued at approximately $65,000. Blue Trust Inc. increased its stake in shares of Concentrix by 29.8% during the fourth quarter. Blue Trust Inc. now owns 1,151 shares of the company’s stock worth $113,000 after purchasing an additional 264 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Concentrix by 134.9% during the third quarter. EverSource Wealth Advisors LLC now owns 1,313 shares of the company’s stock worth $105,000 after purchasing an additional 754 shares during the period. Fifth Third Bancorp increased its stake in shares of Concentrix by 9.1% during the fourth quarter. Fifth Third Bancorp now owns 1,481 shares of the company’s stock worth $145,000 after purchasing an additional 123 shares during the period. Finally, Covestor Ltd increased its stake in Concentrix by 163.3% during the 3rd quarter. Covestor Ltd now owns 1,522 shares of the company’s stock worth $122,000 after acquiring an additional 944 shares during the period. Institutional investors own 90.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Bank of America restated an “underperform” rating and set a $60.00 price objective (down previously from $85.00) on shares of Concentrix in a research note on Wednesday, March 27th. Barrington Research lowered their price objective on Concentrix from $121.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $82.25.

Concentrix Trading Down 0.8 %

Shares of CNXC opened at $55.01 on Friday. Concentrix Co. has a 52-week low of $54.16 and a 52-week high of $106.10. The business’s fifty day moving average is $64.81 and its 200-day moving average is $80.96. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.64 and a beta of 0.48.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). Concentrix had a net margin of 3.53% and a return on equity of 17.70%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.38 billion. Equities analysts anticipate that Concentrix Co. will post 11.03 EPS for the current fiscal year.

Concentrix Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.303 per share. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Concentrix’s previous quarterly dividend of $0.30. This represents a $1.21 annualized dividend and a yield of 2.20%. Concentrix’s payout ratio is presently 24.95%.

Insiders Place Their Bets

In other Concentrix news, CEO Christopher A. Caldwell acquired 900 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were bought at an average cost of $54.59 per share, with a total value of $49,131.00. Following the purchase, the chief executive officer now directly owns 239,128 shares of the company’s stock, valued at $13,053,997.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 1,879 shares of company stock valued at $116,400. 3.00% of the stock is currently owned by company insiders.

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.