Concentrix Co. (NASDAQ:CNXC) EVP Jane Fogarty Acquires 400 Shares

Concentrix Co. (NASDAQ:CNXC - Get Free Report) EVP Jane Fogarty purchased 400 shares of the company's stock in a transaction dated Wednesday, April 3rd. The shares were acquired at an average price of $61.04 per share, for a total transaction of $24,416.00. Following the purchase, the executive vice president now directly owns 10,492 shares of the company's stock, valued at approximately $640,431.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jane Fogarty also recently made the following trade(s):

• On Tuesday, January 30th, Jane Fogarty bought 200 shares of Concentrix stock. The shares were purchased at an average cost of $89.27 per share, with a total value of $17,854.00.

Concentrix Price Performance

Shares of NASDAQ:CNXC traded down $0.49 during midday trading on Friday, reaching $58.95. 888,599 shares of the company's stock traded hands, compared to its average volume of 561,708. Concentrix Co. has a 1 year low of $56.81 and a 1 year high of $114.43. The company has a market cap of $3.91 billion, a P/E ratio of 12.15, a PEG ratio of 0.66 and a beta of 0.48. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.38 and a current ratio of 1.56. The company has a fifty day simple moving average of $73.32 and a two-hundred day simple moving average of $82.98.

Concentrix (NASDAQ:CNXC - Get Free Report) last announced its earnings results on Wednesday, January 24th. The company reported $3.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.15. Concentrix had a return on equity of 17.70% and a net margin of 3.53%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.20 billion. Equities analysts predict that Concentrix Co. will post 11.03 EPS for the current fiscal year.

Concentrix Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Friday, April 26th will be paid a $0.303 dividend. This is an increase from Concentrix's previous quarterly dividend of $0.30. This represents a $1.21 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, April 25th. Concentrix's dividend payout ratio is currently 24.95%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank raised its stake in Concentrix by 68.3% in the 1st quarter. First Hawaiian Bank now owns 4,548 shares of the company's stock valued at $301,000 after purchasing an additional 1,846 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Concentrix by 23.9% during the 4th quarter. Vanguard Group Inc. now owns 5,363,893 shares of the company's stock worth $526,788,000 after purchasing an additional 1,034,546 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in shares of Concentrix during the 4th quarter worth about $35,000. American International Group Inc. increased its position in shares of Concentrix by 4.9% during the 4th quarter. American International Group Inc. now owns 63,846 shares of the company's stock worth $6,270,000 after purchasing an additional 2,969 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Concentrix by 4.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,443 shares of the company's stock valued at $2,696,000 after acquiring an additional 1,064 shares during the period. 90.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barrington Research decreased their target price on Concentrix from $121.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, March 27th. Bank of America reissued an "underperform" rating and issued a $60.00 price target (down from $85.00) on shares of Concentrix in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $95.80.

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.