Fuller & Thaler Asset Management Inc. Has $129 Million Stake in Concentrix Co. (NASDAQ:CNXC)

Fuller & Thaler Asset Management Inc. raised its stake in shares of Concentrix Co. (NASDAQ:CNXC - Free Report) by 38.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,981,227 shares of the company's stock after purchasing an additional 823,228 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 4.63% of Concentrix worth $128,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew its stake in Concentrix by 81.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 638 shares of the company's stock worth $28,000 after buying an additional 286 shares during the last quarter. Venturi Wealth Management LLC raised its position in Concentrix by 159.6% in the 4th quarter. Venturi Wealth Management LLC now owns 797 shares of the company's stock valued at $34,000 after purchasing an additional 490 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Concentrix by 58.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,201 shares of the company's stock worth $52,000 after purchasing an additional 444 shares in the last quarter. KBC Group NV grew its holdings in shares of Concentrix by 68.3% during the fourth quarter. KBC Group NV now owns 2,008 shares of the company's stock worth $87,000 after purchasing an additional 815 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of Concentrix by 49.7% in the fourth quarter. Sterling Capital Management LLC now owns 2,817 shares of the company's stock valued at $122,000 after buying an additional 935 shares in the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Christopher A. Caldwell purchased 1,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was bought at an average price of $46.00 per share, with a total value of $46,000.00. Following the acquisition, the chief executive officer now directly owns 303,362 shares of the company's stock, valued at approximately $13,954,652. This represents a 0.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Olivier Duha sold 29,444 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $48.52, for a total value of $1,428,622.88. Following the sale, the director now directly owns 1,155,862 shares in the company, valued at $56,082,424.24. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,444 shares of company stock worth $1,484,078. Insiders own 3.20% of the company's stock.

Concentrix Trading Up 0.4 %

Shares of NASDAQ CNXC traded up $0.20 during mid-day trading on Monday, hitting $50.41. The company's stock had a trading volume of 173,087 shares, compared to its average volume of 699,292. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.63 and a beta of 0.51. The company's fifty day simple moving average is $47.60 and its 200-day simple moving average is $46.27. Concentrix Co. has a one year low of $36.28 and a one year high of $77.00.

Concentrix (NASDAQ:CNXC - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $2.79 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.21. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. Concentrix had a net margin of 2.61% and a return on equity of 16.67%. The business's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.57 EPS. On average, sell-side analysts anticipate that Concentrix Co. will post 10.11 earnings per share for the current fiscal year.

Concentrix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.3328 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, April 25th. Concentrix's dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

CNXC has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their price objective on shares of Concentrix from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Bank of America increased their price target on shares of Concentrix from $58.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Finally, Barrington Research dropped their price objective on shares of Concentrix from $70.00 to $54.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Concentrix currently has a consensus rating of "Buy" and a consensus target price of $69.60.

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.