NASDAQ:CNXC Concentrix (CNXC) Stock Forecast, Price & News $73.00 -0.55 (-0.75%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$72.87▼$74.2850-Day Range$71.17▼$88.1152-Week Range$70.58▼$151.82Volume257,383 shsAverage Volume330,730 shsMarket Capitalization$3.80 billionP/E Ratio10.08Dividend Yield1.51%Price Target$120.60 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Concentrix MarketRank™ ForecastAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside65.2% Upside$120.60 Price TargetShort InterestHealthy3.94% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.97Upright™ Environmental ScoreNews Sentiment0.88Based on 4 Articles This WeekInsider TradingAcquiring Shares$58,319 Bought Last QuarterProj. Earnings Growth8.69%From $10.70 to $11.63 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.45 out of 5 starsBusiness Services Sector2nd out of 311 stocksBusiness Services, Not Elsewhere Classified Industry1st out of 89 stocks 3.3 Analyst's Opinion Consensus RatingConcentrix 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/DownsideAccording to analysts' consensus price target of $120.60, Concentrix has a forecasted upside of 65.2% from its current price of $73.00.Amount of Analyst CoverageConcentrix has only been the subject of 3 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.94% of the float of Concentrix has been sold short.Short Interest Ratio / Days to CoverConcentrix has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in Concentrix has recently decreased by 15.84%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldConcentrix pays a meaningful dividend of 1.51%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthConcentrix does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Concentrix is 15.19%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Concentrix will have a dividend payout ratio of 9.46% next year. This indicates that Concentrix will be able to sustain or increase its dividend. Previous Next 4.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreConcentrix has received a 55.97% net impact score from Upright. Concentrix seems to create the most significant positive value in categories "Jobs", "Taxes", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Crm systems for the consumer electronics industry", "Crm systems for the communication industry", and "Crm systems for the finance industry" products. See details.Environmental SustainabilityThe Environmental Impact score for Concentrix is -0.97. Previous Next 3.3 News and Social Media Coverage News SentimentConcentrix has a news sentiment score of 0.88. 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 higher news sentiment than the 0.56 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Concentrix this week, compared to 2 articles on an average week.MarketBeat Follows4 people have added Concentrix to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Concentrix insiders have bought more of their company's stock than they have sold. Specifically, they have bought $58,319.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.88% of the stock of Concentrix is held by insiders.Percentage Held by Institutions79.03% of the stock of Concentrix is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Concentrix are expected to grow by 8.69% in the coming year, from $10.70 to $11.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Concentrix is 10.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Concentrix is 10.08, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 18.73.Price to Earnings Growth RatioConcentrix has a PEG Ratio of 0.66. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioConcentrix has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Concentrix (NASDAQ:CNXC) StockConcentrix 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.Read More CNXC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNXC Stock News HeadlinesSeptember 23, 2023 | markets.businessinsider.comConcentrix (CNXC) Stock Buy Rating: Expected Revenue Growth and Strategic Acquisitions Boost Financial ProspectsSeptember 20, 2023 | americanbankingnews.comConcentrix (CNXC) to Release Quarterly Earnings on WednesdaySeptember 24, 2023 | Legacy Research (Ad)ATTENTION: Digital Dollar Could Send this $0.25 Play SkyrocketingIn just a few days, the U.S. government could announce this mandatory recall on the U.S. dollar… And replace it with a new digital dollar. And that could send this $0.25 alternative investment skyrocketing.September 16, 2023 | insidermonkey.com5 Best Affordable Tech Stocks To Buy NowSeptember 15, 2023 | msn.comConcentrix Corporation - Is The Knife Still FallingSeptember 15, 2023 | seekingalpha.comConcentrix Corporation: Is The Knife Still FallingSeptember 4, 2023 | ca.finance.yahoo.comCNXC - Concentrix CorporationAugust 25, 2023 | msn.comScotiabank Initiates Coverage of Concentrix (CNXC) with Sector Outperform RecommendationSeptember 24, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...August 24, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for ConcentrixAugust 5, 2023 | msn.comConcentrix: Cash Flow Returns On Investments Analysis, Including Merger AnalysisAugust 4, 2023 | finance.yahoo.comConcentrix Shareholders Vote to Support Webhelp CombinationJuly 26, 2023 | finance.yahoo.comConcentrix to Present at Canaccord Genuity 43rd Annual Growth ConferenceJuly 22, 2023 | finance.yahoo.comConcentrix (NASDAQ:CNXC) Could Be A Buy For Its Upcoming DividendJuly 21, 2023 | benzinga.comCONCENTRIX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Concentrix Corporation - CNXCJuly 20, 2023 | msn.comConcentrix prices $2.15B senior notesJuly 19, 2023 | finance.yahoo.comConcentrix Prices $2.15 Billion Senior Notes Offering for Webhelp CombinationJuly 6, 2023 | msn.comConcentrix (CNXC) Price Target Decreased by 33.75% to 108.12July 1, 2023 | finance.yahoo.comConcentrix Corporation (NASDAQ:CNXC) Q2 2023 Earnings Call TranscriptJune 30, 2023 | msn.comBarrington Research Maintains Concentrix (CNXC) Outperform RecommendationJune 30, 2023 | msn.comB of A Securities Downgrades Concentrix (CNXC)June 30, 2023 | msn.com4 big analyst cuts: Citizens Financial slashed on capital, profitability concernsJune 29, 2023 | markets.businessinsider.comAnalyst Ratings for ConcentrixJune 29, 2023 | benzinga.comConcentrix Stock (NASDAQ:CNXC), Analyst Ratings, Price Targets, PredictionsJune 29, 2023 | markets.businessinsider.comBarrington Research Maintains Outperform Rating for Concentrix: Here's What You Need To KnowJune 28, 2023 | msn.comConcentrix Corporation (CNXC) Q2 Earnings and Revenues Miss EstimatesJune 28, 2023 | finance.yahoo.comConcentrix Reports Second Quarter 2023 ResultsSee More Headlines Receive CNXC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Concentrix and its competitors with MarketBeat's FREE daily newsletter. Email Address CNXC Company Calendar Last Earnings6/28/2023Ex-Dividend for 8/8 Dividend7/27/2023Dividend Payable8/08/2023Today9/24/2023Next Earnings (Confirmed)9/27/2023Fiscal Year End11/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Business services, not elsewhere classified Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:CNXC CUSIPN/A CIK1803599 Webwww.concentrix.com Phone800-747-0583FaxN/AEmployees315,000Year FoundedN/APrice Target and Rating Average Stock Price Forecast$120.60 High Stock Price Forecast$165.00 Low Stock Price Forecast$70.00 Forecasted Upside/Downside+65.2%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$7.24 Trailing P/E Ratio10.08 Forward P/E Ratio6.82 P/E Growth0.66Net Income$435.05 million Net Margins5.85% Pretax Margin8.29% Return on Equity19.99% Return on Assets8.26% Debt Debt-to-Equity Ratio0.75 Current Ratio1.74 Quick Ratio1.74 Sales & Book Value Annual Sales$6.32 billion Price / Sales0.60 Cash Flow$17.26 per share Price / Cash Flow4.23 Book Value$52.18 per share Price / Book1.40Miscellaneous Outstanding Shares52,060,000Free Float51,597,000Market Cap$3.80 billion OptionableNot Optionable Beta0.42 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. Christopher A. Caldwell (Age 50)Pres, CEO & Director Comp: $2.66MMr. Andre S. Valentine (Age 60)Chief Financial Officer Comp: $1.2MMr. Richard Rosso (Age 60)Exec. VP of Global Sales & Account Management Comp: $1.19MMs. Jane C. Fogarty (Age 56)Exec. VP of Legal & Corp. Sec. Comp: $684.94kMr. Cormac J. Twomey (Age 53)Exec. VP of Global Operations & Delivery Comp: $952.49kMs. Winnie SunSr. VP of Operations & DeliveryMr. David E. SteinVP of Investor RelationsMs. Debbie GonzalezSr. VP of Global Marketing & CommunicationsMr. Jason MarasiganSr. VP of Corp. Devel.Ms. Diane HansonSr. VP of People SolutionsMore ExecutivesKey CompetitorsFlywireNASDAQ:FLYWWNSNYSE:WNSMaximusNYSE:MMSShift4 PaymentsNYSE:FOURWestern UnionNYSE:WUView All CompetitorsInsiders & InstitutionsBarclays PLCBought 21,999 shares on 9/21/2023Ownership: 0.055%Comerica BankBought 75,615 shares on 8/22/2023Ownership: 0.145%Virginia Retirement Systems ET ALBought 12,100 shares on 8/22/2023Ownership: 0.023%California State Teachers Retirement SystemSold 2,214 shares on 8/21/2023Ownership: 0.104%Osaic Holdings Inc.Sold 640 shares on 8/21/2023Ownership: 0.004%View All Insider TransactionsView All Institutional Transactions CNXC Stock - 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 twelve months. 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 forecast for 2023? 5 equities research analysts have issued 12-month target prices for Concentrix's stock. Their CNXC share price forecasts range from $70.00 to $165.00. On average, they expect the company's share price to reach $120.60 in the next twelve months. This suggests a possible upside of 65.2% 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 beginning of the year. Since then, CNXC shares have decreased by 45.2% and is now trading at $73.00. View the best growth stocks for 2023 here. Are investors shorting Concentrix? Concentrix saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,700,000 shares, a decline of 15.8% from the August 15th total of 2,020,000 shares. Based on an average trading volume of 428,100 shares, the days-to-cover ratio is presently 4.0 days. Currently, 3.9% of the company's stock are sold short. View Concentrix's Short Interest. When is Concentrix's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 27th 2023. View our CNXC earnings forecast. How can I listen to Concentrix's earnings call? Concentrix will be holding an earnings conference call on Wednesday, September 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Concentrix's earnings last quarter? Concentrix Co. (NASDAQ:CNXC) issued its quarterly earnings data on Wednesday, June, 28th. The company reported $2.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by $0.06. The company earned $1.61 billion during the quarter, compared to the consensus estimate of $1.66 billion. Concentrix had a trailing twelve-month return on equity of 19.99% and a net margin of 5.85%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.74 earnings per share. How often does Concentrix pay dividends? What is the dividend yield for Concentrix? Concentrix declared a quarterly dividend on Wednesday, June 28th. Investors of record on Friday, July 28th will be given a dividend of $0.275 per share on Tuesday, August 8th. This represents a $1.10 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, July 27th. 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). Is Concentrix a good dividend stock? Concentrix (NASDAQ:CNXC) pays an annual dividend of $1.10 per share and currently has a dividend yield of 1.51%. The dividend payout ratio is 15.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.46% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CNXC. What guidance has Concentrix issued on next quarter's earnings? Concentrix issued an update on its FY 2023 earnings guidance on Thursday, June, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.58 billion-$6.64 billion, compared to the consensus revenue estimate of $6.21 billion. When did Concentrix IPO? (CNXC) raised $75 million in an IPO on Wednesday, July 1st 2015. The company issued 5,000,000 shares at $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. What is Concentrix's stock symbol? Concentrix trades on the NASDAQ under the ticker symbol "CNXC." Who are Concentrix's major shareholders? Concentrix's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.13%), Capital International Investors (6.08%), Impactive Capital LP (4.80%), Dimensional Fund Advisors LP (2.63%), State Street Corp (2.30%) and Silvercrest Asset Management Group LLC (1.59%). 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. What is Concentrix's stock price today? One share of CNXC stock can currently be purchased for approximately $73.00. How much money does Concentrix make? Concentrix (NASDAQ:CNXC) has a market capitalization of $3.80 billion and generates $6.32 billion in revenue each year. The company earns $435.05 million in net income (profit) each year or $7.24 on an earnings per share basis. How many employees does Concentrix have? The company employs 315,000 workers across the globe. How can I contact Concentrix? The official website for the company is www.concentrix.com. The company can be reached via phone at 800-747-0583 or via email at david.stein@concentrix.com. This page (NASDAQ:CNXC) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Concentrix Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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