NASDAQ:CNXC Concentrix (CNXC) Stock Forecast, Price & News $78.30 -1.99 (-2.48%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$77.86▼$81.1050-Day Range$71.17▼$88.1152-Week Range$70.58▼$151.82Volume462,969 shsAverage Volume368,447 shsMarket Capitalization$4.08 billionP/E Ratio11.70Dividend Yield1.40%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/Downside54.0% Upside$120.60 Price TargetShort InterestBearish4.21% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.97Upright™ Environmental ScoreNews Sentiment0.27Based on 16 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.3.22 out of 5 starsBusiness Services Sector5th out of 314 stocksBusiness Services, Not Elsewhere Classified Industry2nd out of 91 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 54.0% from its current price of $78.30.Amount of Analyst CoverageConcentrix has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.21% of the float of Concentrix has been sold short.Short Interest Ratio / Days to CoverConcentrix has a short interest ratio ("days to cover") of 4.5.Change versus previous monthShort interest in Concentrix has recently increased by 7.06%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldConcentrix pays a meaningful dividend of 1.37%, 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 16.44%. 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 2.9 News and Social Media Coverage News SentimentConcentrix has a news sentiment score of 0.27. 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 0.67 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Concentrix this week, compared to 2 articles on an average week.Search Interest2 people have searched for CNXC on MarketBeat in the last 30 days. MarketBeat Follows4 people have added Concentrix to their MarketBeat watchlist in the last 30 days. This is an increase of 33% 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 11.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.24.Price to Earnings Ratio vs. SectorThe P/E ratio of Concentrix is 11.70, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 34.85.Price to Earnings Growth RatioConcentrix has a PEG Ratio of 0.73. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioConcentrix has a P/B Ratio of 1.50. 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 HeadlinesOctober 2, 2023 | finance.yahoo.comConcentrix (NASDAQ:CNXC) Is Increasing Its Dividend To $0.3025October 1, 2023 | americanbankingnews.comConcentrix Co. (NASDAQ:CNXC) Receives Average Rating of "Moderate Buy" from AnalystsOctober 3, 2023 | Oxford Club (Ad)Sneaky CEO Hides Monster AI Stock Under Secret Trade NameThe public isn't supposed to know about this monster AI stock under $5...It’s technology is quietly the engine that runs new powerful artificial intelligence models like ChatGPT. And Wall Street is getting hungry for more shares.September 28, 2023 | finance.yahoo.comConcentrix Corp (CNXC): A Deep Dive into Its Performance PotentialSeptember 28, 2023 | seekingalpha.comConcentrix Q3: Ticking The Right BoxesSeptember 28, 2023 | finanznachrichten.deConcentrix Corporation: Concentrix Reports Third Quarter 2023 Results; Raises Quarterly Dividend 10 PercentSeptember 28, 2023 | markets.businessinsider.comConcentrix (CNXC) Receives a Buy from ScotiabankSeptember 28, 2023 | benzinga.comWhy Business Services Company Concentrix's Shares Are Falling TodayOctober 3, 2023 | Behind the Markets (Ad)Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer'sA small, publicly traded biotech is racing to the discovery of a lifetime: Using a Drug Smuggler to Fight Alzheimer's, Parkinson's and Dementia. This radical treatment is so promising, Biogen, Sanofi and Genentech paid $1 billion to license it. Click here to learn more >>>September 28, 2023 | finance.yahoo.comConcentrix Corporation (NASDAQ:CNXC) Q3 2023 Earnings Call TranscriptSeptember 27, 2023 | msn.comConcentrix Corporation (CNXC) Q3 Earnings and Revenues Lag EstimatesSeptember 27, 2023 | finance.yahoo.comConcentrix Reports Third Quarter 2023 Results; Raises Quarterly Dividend 10 PercentSeptember 25, 2023 | markets.businessinsider.comConcentrix Concludes Merger With WebhelpSeptember 25, 2023 | finance.yahoo.comConcentrix and Webhelp Complete Combination, Creating a Diversified Global CX Leader, Well-Positioned for GrowthSeptember 23, 2023 | markets.businessinsider.comConcentrix (CNXC) Stock Buy Rating: Expected Revenue Growth and Strategic Acquisitions Boost Financial ProspectsSeptember 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 RecommendationAugust 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 notesSee 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 Payable8/08/2023Today10/03/2023Ex-Dividend for 11/7 Dividend10/26/2023Dividend Payable11/07/2023Fiscal Year End11/30/2023Next Earnings (Estimated)1/18/2024Get 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+54.0%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$6.69 Trailing P/E Ratio11.70 Forward P/E Ratio7.32 P/E Growth0.73Net Income$435.05 million Net Margins5.35% Pretax Margin7.57% Return on Equity19.04% Return on Assets7.57% Debt Debt-to-Equity Ratio1.37 Current Ratio3.54 Quick Ratio1.74 Sales & Book Value Annual Sales$6.32 billion Price / Sales0.64 Cash Flow$16.88 per share Price / Cash Flow4.64 Book Value$52.18 per share Price / Book1.50Miscellaneous Outstanding Shares52,060,000Free Float51,597,000Market Cap$4.08 billion OptionableNot Optionable Beta0.40 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. 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:WNSShift4 PaymentsNYSE:FOURMaximusNYSE:MMSExlServiceNASDAQ:EXLSView 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 research 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 research 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 1-year price targets for Concentrix's stock. Their CNXC share price forecasts range from $70.00 to $165.00. On average, they expect the company's stock price to reach $120.60 in the next twelve months. This suggests a possible upside of 54.0% 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 2023. Since then, CNXC shares have decreased by 41.2% and is now trading at $78.30. View the best growth stocks for 2023 here. Are investors shorting Concentrix? Concentrix saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,820,000 shares, an increase of 7.1% from the August 31st total of 1,700,000 shares. Based on an average trading volume of 404,600 shares, the days-to-cover ratio is presently 4.5 days. Currently, 4.2% of the company's shares are short sold. View Concentrix's Short Interest. 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) posted its quarterly earnings data on Wednesday, June, 28th. The company reported $2.69 earnings per share for the quarter, missing analysts' consensus estimates of $2.75 by $0.06. The firm earned $1.61 billion during the quarter, compared to analyst estimates of $1.66 billion. Concentrix had a trailing twelve-month return on equity of 19.04% and a net margin of 5.35%. The business's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, September 27th. Stockholders 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 annualized dividend and a yield of 1.55%. 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. 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 1.37%. The dividend payout ratio is 16.44%. 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 fourth quarter 2023 earnings guidance on Wednesday, September, 27th. The company provided earnings per share (EPS) guidance of $3.03-$3.15 for the period, compared to the consensus EPS 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 acted 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." 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 $78.30. How much money does Concentrix make? Concentrix (NASDAQ:CNXC) has a market capitalization of $4.08 billion and generates $6.32 billion in revenue each year. The company earns $435.05 million in net income (profit) each year or $6.69 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 10/3/2023 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. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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