Should I buy or sell Concentrix stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNXC shares. View CNXC analyst ratings or view top-rated stocks .

What is Concentrix's stock price target for 2024?

5 equities research analysts have issued 1-year price objectives for Concentrix's stock. Their CNXC share price targets range from $70.00 to $165.00. On average, they predict the company's stock price to reach $119.60 in the next year. This suggests a possible upside of 26.5% from the stock's current price. View analysts price targets for CNXC or view top-rated stocks among Wall Street analysts .

How have CNXC shares performed in 2023?

Concentrix's stock was trading at $133.16 at the start of the year. Since then, CNXC stock has decreased by 29.0% and is now trading at $94.58. View the best growth stocks for 2023 here .

When is Concentrix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024. View our CNXC earnings forecast .

How were Concentrix's earnings last quarter?

Concentrix Co. (NASDAQ:CNXC) released its quarterly earnings results on Wednesday, September, 27th. The company reported $2.54 EPS for the quarter, missing the consensus estimate of $2.62 by $0.08. The firm earned $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Concentrix had a trailing twelve-month return on equity of 19.04% and a net margin of 5.35%.

How often does Concentrix pay dividends? What is the dividend yield for Concentrix?

Concentrix announced a quarterly dividend on Wednesday, September 27th. Investors of record on Friday, October 27th will be paid a dividend of $0.303 per share on Tuesday, November 7th. This represents a $1.21 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, October 26th. This is an increase from the stock's previous quarterly dividend of $0.28. Read our dividend analysis for CNXC .

Is Concentrix a good dividend stock?

Concentrix (NASDAQ:CNXC) pays an annual dividend of $1.21 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.78% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CNXC .

What ETFs hold Concentrix's stock?

ETFs with the largest weight of Concentrix (NASDAQ:CNXC) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD) , First Trust Technology AlphaDEX Fund (FXL) , Thrivent Small-Mid Cap ESG ETF (TSME) , First Trust Mid Cap Value AlphaDEX Fund (FNK) and Nuveen ESG Small-Cap ETF (NUSC) . Pacer US Cash Cows Growth ETF (BUL) .

What guidance has Concentrix issued on next quarter's earnings?

Concentrix updated its fourth quarter 2023 earnings guidance on Wednesday, September, 27th. The company provided earnings per share guidance of $3.03-$3.15 for the period, compared to the consensus estimate of $3.32. The company issued revenue guidance of $2.19 billion-$2.21 billion, compared to the consensus revenue estimate of $1.70 billion.

When did Concentrix IPO?

(CNXC) raised $75 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 5,000,000 shares at a price of $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura served as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers.

Who are Concentrix's major shareholders?

Concentrix's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (11.06%), Impactive Capital LP (4.89%), Fuller & Thaler Asset Management Inc. (1.46%), AQR Capital Management LLC (1.19%), Causeway Capital Management LLC (0.99%) and Principal Financial Group Inc. (0.98%). Insiders that own company stock include Andre S Valentine , Ann F Vezina , Cormac J Twomey , Dennis Polk , Jane Fogarty , Kathryn Hayley , Matthew J Cox , Matthew Miau , Richard Rosso and Star Developments Ltd Silver. View institutional ownership trends .

How do I buy shares of Concentrix?

Shares of CNXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Concentrix Stock Price, News & Analysis (NASDAQ:CNXC)

$94.58

-0.82 (-0.86%)

(As of 12/8/2023 ET)

Compare

Today's Range: $93.72
▼
$97.02
50-Day Range: $72.59
▼
$98.01
52-Week Range: $70.58
▼
$151.82

Volume: 300,373 shs
Average Volume: 339,814 shs
Market Capitalization: $6.30 billion

P/E Ratio: 14.14
Dividend Yield: 1.28%
Price Target: $119.60

Concentrix MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 26.5% Upside
$119.60 Price Target
Short Interest: Bearish
6.18% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.14
Upright™ Environmental Score
News Sentiment: 0.23
Based on 3 Articles This Week
Insider Trading: Selling Shares
$1.67 M Sold Last Quarter
Proj. Earnings Growth: 19.06%
From $10.39 to $12.37 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.99 out of 5 stars

Business Services Sector

11th out of 313 stocks

Business Services, Not Elsewhere Classified Industry

4th out of 87 stocks

3.3

Analyst's Opinion

Consensus Rating
Concentrix has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $119.60, Concentrix has a forecasted upside of 26.5% from its current price of $94.58.
Amount of Analyst Coverage
Concentrix has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
6.18% of the float of Concentrix has been sold short.
Short Interest Ratio / Days to Cover
Concentrix has a short interest ratio ("days to cover") of 6.4.
Change versus previous month
Short interest in Concentrix has recently increased by 1.70%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Concentrix pays a meaningful dividend of 1.27%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Concentrix has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Concentrix is 18.09%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Concentrix will have a dividend payout ratio of 9.78% next year. This indicates that Concentrix will be able to sustain or increase its dividend.

3.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Concentrix has received a 52.91% net impact score from Upright. Concentrix seems to create the most significant positive value in categories "Jobs", "Taxes", and "Distributing knowledge". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "User experience consulting for the consumer electronics industry", "Customer analytics services for the consumer electronics industry", "User experience consulting for the communication industry", and "Customer analytics services for the communication industry" products. See details.
Environmental Sustainability
The Environmental Impact score for Concentrix is -1.14.

1.8

News and Social Media Coverage

News Sentiment
Concentrix has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Concentrix this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added Concentrix to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Concentrix insiders have sold 5,285.28% more of their company's stock than they have bought. Specifically, they have bought $31,076.00 in company stock and sold $1,673,531.00 in company stock.
Percentage Held by Insiders
Only 0.88% of the stock of Concentrix is held by insiders.
Percentage Held by Institutions
79.03% of the stock of Concentrix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Concentrix are expected to grow by 19.06% in the coming year, from $10.39 to $12.37 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Concentrix is 14.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Concentrix is 14.14, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 25.87.
Price to Earnings Growth Ratio
Concentrix has a PEG Ratio of 1.01. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Concentrix has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Concentrix Stock (NASDAQ:CNXC)

Concentrix Corporation provides 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. It also offers customer lifecycle management; customer experience/user experience strategy and design; analytics and actionable insights; digital transformation; and voice of the customer and analytics solutions. The company's clients include technology and consumer electronics, retail, travel and e-commerce, communications and media, banking, financial services and insurance, healthcare, and others, as well as global IPOs, social brands, and banks. Concentrix Corporation was incorporated in 2009 and is based in Newark, California.

CNXC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CNXC Stock News Headlines

December 8, 2023 | seekingalpha.com

Concentrix: M&A Provides Upside To Valuation

December 4, 2023 | msn.com

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December 4, 2023 | msn.com

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November 27, 2023 | finance.yahoo.com

How Good Is Concentrix Corporation (NASDAQ:CNXC), When It Comes To ROE?

November 20, 2023 | finance.yahoo.com

Concentrix Corporation (CNXC) Declined on Market Worries

November 2, 2023 | morningstar.com

Concentrix Corp Ordinary Shares CNXC

October 26, 2023 | finance.yahoo.com

Concentrix Corp's Dividend Analysis

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October 11, 2023 | finance.yahoo.com

Director Dennis Polk Sells 20,612 Shares of Concentrix Corp (CNXC)

October 7, 2023 | msn.com

Twilio, Concentrix, Zoom could see 'softer' CCaaS bookings in Q3: Barclays

October 2, 2023 | finance.yahoo.com

Concentrix (NASDAQ:CNXC) Is Increasing Its Dividend To $0.3025

September 28, 2023 | finance.yahoo.com

Concentrix Corp (CNXC): A Deep Dive into Its Performance Potential

September 28, 2023 | seekingalpha.com

Concentrix Q3: Ticking The Right Boxes

September 28, 2023 | finanznachrichten.de

Concentrix Corporation: Concentrix Reports Third Quarter 2023 Results; Raises Quarterly Dividend 10 Percent

September 28, 2023 | markets.businessinsider.com

Concentrix (CNXC) Receives a Buy from Scotiabank

September 28, 2023 | benzinga.com

Why Business Services Company Concentrix's Shares Are Falling Today

September 28, 2023 | finance.yahoo.com

Concentrix Corporation (NASDAQ:CNXC) Q3 2023 Earnings Call Transcript

September 27, 2023 | msn.com

Concentrix Corporation (CNXC) Q3 Earnings and Revenues Lag Estimates

September 27, 2023 | finance.yahoo.com

Concentrix Reports Third Quarter 2023 Results; Raises Quarterly Dividend 10 Percent

September 25, 2023 | markets.businessinsider.com

Concentrix Concludes Merger With Webhelp

September 25, 2023 | finance.yahoo.com

Concentrix and Webhelp Complete Combination, Creating a Diversified Global CX Leader, Well-Positioned for Growth

September 23, 2023 | markets.businessinsider.com

Concentrix (CNXC) Stock Buy Rating: Expected Revenue Growth and Strategic Acquisitions Boost Financial Prospects

September 16, 2023 | insidermonkey.com

5 Best Affordable Tech Stocks To Buy Now

September 15, 2023 | msn.com

Concentrix Corporation - Is The Knife Still Falling

September 15, 2023 | seekingalpha.com

Concentrix Corporation: Is The Knife Still Falling

September 4, 2023 | ca.finance.yahoo.com

CNXC - Concentrix Corporation

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Company Calendar

Last Earnings: 9/27/2023
Ex-Dividend for 11/7 Dividend: 10/26/2023
Dividend Payable: 11/07/2023
Today: 12/09/2023
Next Earnings (Estimated): 1/18/2024
Fiscal Year End: 11/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:CNXC
CUSIP: N/A
CIK: 1803599
Web: www.concentrix.com
Phone: 800-747-0583
Fax: N/A
Employees: 315,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $119.60
High Stock Price Target: $165.00
Low Stock Price Target: $70.00
Potential Upside/Downside: +26.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.69
Trailing P/E Ratio: 14.14
Forward P/E Ratio: 9.10
P/E Growth: 1.01
Net Income: $435.05 million
Net Margins: 5.35%
Pretax Margin: 7.57%
Return on Equity: 19.04%
Return on Assets: 7.57%

Debt

Debt-to-Equity Ratio: 1.37
Current Ratio: 3.54
Quick Ratio: 3.54

Sales & Book Value

Annual Sales: $6.32 billion
Price / Sales: 1.00
Cash Flow: $17.10 per share
Price / Cash Flow: 5.53
Book Value: $52.18 per share
Price / Book: 1.81

Miscellaneous

Outstanding Shares: 66,600,000
Free Float: 66,015,000
Market Cap: $6.30 billion
Optionable: Not Optionable
Beta: 0.60

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Key Executives

Mr. Christopher A. Caldwell (Age 50)
President, CEO & Director
Comp: $2.66M
Mr. Andre S. Valentine (Age 60)
Chief Financial Officer
Comp: $1.2M
Mr. Richard Rosso (Age 60)
Executive Vice President of Global Sales & Account Management
Comp: $1.19M
Ms. Jane C. Fogarty (Age 56)
Executive VP of Legal & Corporate Secretary
Comp: $684.94k
Mr. Cormac J. Twomey (Age 53)
Executive Vice President of Global Operations & Delivery
Comp: $952.49k
Ms. Winnie Sun
Senior Vice President of Operations & Delivery
Mr. David E. Stein
Vice President of Investor Relations
Ms. Debbie Gonzalez
Senior Vice President of Global Marketing & Communications
Mr. Jason Marasigan
Senior Vice President of Corporate Development
Ms. Diane Hanson
Senior Vice President of People Solutions

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNXC Stock Analysis - Frequently Asked Questions

Should I buy or sell Concentrix stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNXC shares.
View CNXC analyst ratings or view top-rated stocks.
What is Concentrix's stock price target for 2024?: 5 equities research analysts have issued 1-year price objectives for Concentrix's stock. Their CNXC share price targets range from $70.00 to $165.00. On average, they predict the company's stock price to reach $119.60 in the next year. This suggests a possible upside of 26.5% from the stock's current price.
View analysts price targets for CNXC or view top-rated stocks among Wall Street analysts.
How have CNXC shares performed in 2023?: Concentrix's stock was trading at $133.16 at the start of the year. Since then, CNXC stock has decreased by 29.0% and is now trading at $94.58.
View the best growth stocks for 2023 here.
When is Concentrix's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our CNXC earnings forecast.
How were Concentrix's earnings last quarter?: Concentrix Co. (NASDAQ:CNXC) released its quarterly earnings results on Wednesday, September, 27th. The company reported $2.54 EPS for the quarter, missing the consensus estimate of $2.62 by $0.08. The firm earned $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Concentrix had a trailing twelve-month return on equity of 19.04% and a net margin of 5.35%.
How often does Concentrix pay dividends? What is the dividend yield for Concentrix?: Concentrix announced a quarterly dividend on Wednesday, September 27th. Investors of record on Friday, October 27th will be paid a dividend of $0.303 per share on Tuesday, November 7th. This represents a $1.21 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, October 26th. This is an increase from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CNXC.

Is Concentrix a good dividend stock?: Concentrix (NASDAQ:CNXC) pays an annual dividend of $1.21 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXC.
What ETFs hold Concentrix's stock?: ETFs with the largest weight of Concentrix (NASDAQ:CNXC) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust Technology AlphaDEX Fund (FXL), Thrivent Small-Mid Cap ESG ETF (TSME), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Nuveen ESG Small-Cap ETF (NUSC).Pacer US Cash Cows Growth ETF (BUL).
What guidance has Concentrix issued on next quarter's earnings?: Concentrix updated its fourth quarter 2023 earnings guidance on Wednesday, September, 27th. The company provided earnings per share guidance of $3.03-$3.15 for the period, compared to the consensus estimate of $3.32. The company issued revenue guidance of $2.19 billion-$2.21 billion, compared to the consensus revenue estimate of $1.70 billion.
When did Concentrix IPO?: (CNXC) raised $75 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 5,000,000 shares at a price of $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura served as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers.
Who are Concentrix's major shareholders?: Concentrix's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (11.06%), Impactive Capital LP (4.89%), Fuller & Thaler Asset Management Inc. (1.46%), AQR Capital Management LLC (1.19%), Causeway Capital Management LLC (0.99%) and Principal Financial Group Inc. (0.98%). Insiders that own company stock include Andre S Valentine, Ann F Vezina, Cormac J Twomey, Dennis Polk, Jane Fogarty, Kathryn Hayley, Matthew J Cox, Matthew Miau, Richard Rosso and Star Developments Ltd Silver.
View institutional ownership trends.
How do I buy shares of Concentrix?: Shares of CNXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CNXC) was last updated on 12/9/2023 by MarketBeat.com Staff

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