EntryPoint Capital LLC Makes New Investment in Concentrix Corporation $CNXC

Key Points

• EntryPoint Capital LLC has acquired a $498,000 stake in Concentrix Corporation, purchasing 8,953 shares in the first quarter.
• Concentrix reported quarterly earnings of $2.70 EPS, missing analysts' estimates, while revenue showed a year-over-year increase of 1.5% to $2.42 billion.
• The company declared a quarterly dividend of $0.3328 per share, representing an annualized yield of 2.7% and a payout ratio of 36.54%.

EntryPoint Capital LLC purchased a new position in Concentrix Corporation (NASDAQ:CNXC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,953 shares of the company's stock, valued at approximately $498,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Concentrix by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,242,763 shares of the company's stock worth $291,707,000 after buying an additional 106,217 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Concentrix by 38.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,981,227 shares of the company's stock worth $128,998,000 after buying an additional 823,228 shares during the last quarter. Copeland Capital Management LLC lifted its position in shares of Concentrix by 3.0% in the 1st quarter. Copeland Capital Management LLC now owns 1,373,432 shares of the company's stock worth $76,418,000 after buying an additional 40,226 shares during the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Concentrix by 55.3% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,009,133 shares of the company's stock worth $43,665,000 after buying an additional 359,476 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its position in shares of Concentrix by 2.7% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 750,142 shares of the company's stock worth $32,459,000 after buying an additional 19,418 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors.

Insider Activity at Concentrix

In other Concentrix news, EVP Cormac J. Twomey sold 500 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $57.91, for a total transaction of $28,955.00. Following the sale, the executive vice president directly owned 37,130 shares in the company, valued at approximately $2,150,198.30. The trade was a 1.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CNXC shares. Robert W. Baird raised their price target on shares of Concentrix from $62.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Wall Street Zen downgraded shares of Concentrix from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Barrington Research reiterated an "outperform" rating and issued a $54.00 price objective on shares of Concentrix in a research report on Tuesday, June 24th. 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 report on Friday, June 27th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $80.00 price objective 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 issued a Hold rating to the stock. According to data from MarketBeat.com, Concentrix has an average rating of "Buy" and an average target price of $66.75.

Concentrix Stock Performance

Shares of CNXC traded down $0.72 during trading hours on Monday, reaching $51.35. 299,202 shares of the company's stock traded hands, compared to its average volume of 793,220. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.69 and a beta of 0.53. 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 twelve month low of $36.28 and a twelve month high of $77.00. The business's fifty day simple moving average is $53.76 and its two-hundred day simple moving average is $51.50.

Concentrix (NASDAQ:CNXC - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The company reported $2.70 EPS for the quarter, missing analysts' consensus estimates of $2.76 by ($0.06). Concentrix had a net margin of 2.54% and a return on equity of 16.31%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the business posted $2.69 earnings per share. Concentrix'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. Analysts predict that Concentrix Corporation will post 10.11 earnings per share for the current year.

Concentrix Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Friday, July 25th were given a dividend of $0.3328 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, July 25th. Concentrix's payout ratio is 36.54%.

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.