Concentrix Stock Price, News & Analysis (NASDAQ:CNXC) $94.58 -0.82 (-0.86%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$93.72▼$97.0250-Day Range$72.59▼$98.0152-Week Range$70.58▼$151.82Volume300,369 shsAverage Volume339,814 shsMarket Capitalization$6.30 billionP/E Ratio14.14Dividend Yield1.28%Price Target$119.60 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaSustainability Concentrix MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.60 Rating ScoreUpside/Downside26.5% Upside$119.60 Price TargetShort InterestBearish6.18% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.14Upright™ Environmental ScoreNews Sentiment0.23Based on 3 Articles This WeekInsider TradingSelling Shares$1.67 M Sold Last QuarterProj. Earnings Growth19.06%From $10.39 to $12.37 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.2.99 out of 5 starsBusiness Services Sector10th out of 280 stocksBusiness Services, Not Elsewhere Classified Industry4th out of 79 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 $119.60, Concentrix has a forecasted upside of 26.5% from its current price of $94.58.Amount of Analyst CoverageConcentrix has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted6.18% of the float of Concentrix has been sold short.Short Interest Ratio / Days to CoverConcentrix has a short interest ratio ("days to cover") of 6.4.Change versus previous monthShort interest in Concentrix has recently increased by 1.70%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldConcentrix pays a meaningful dividend of 1.27%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthConcentrix has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Concentrix is 18.09%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Concentrix will have a dividend payout ratio of 9.78% next year. This indicates that Concentrix will be able to sustain or increase its dividend. Previous Next 3.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreConcentrix 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 SustainabilityThe Environmental Impact score for Concentrix is -1.14. Previous Next 1.8 News and Social Media Coverage News SentimentConcentrix 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 0.50 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Concentrix this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 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. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn 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 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 19.06% in the coming year, from $10.39 to $12.37 per share.Price to Earnings Ratio vs. the MarketThe 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 117.16.Price to Earnings Ratio vs. SectorThe 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 34.38.Price to Earnings Growth RatioConcentrix has a PEG Ratio of 1.01. PEG Ratios around 1 indicate that a company is correctly valued.Price to Book Value per Share RatioConcentrix 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. Previous Next 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.Read More CNXC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNXC Stock News HeadlinesDecember 8, 2023 | seekingalpha.comConcentrix: M&A Provides Upside To ValuationDecember 4, 2023 | msn.comBest Value Stocks to Buy for December 4thDecember 9, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.December 4, 2023 | msn.comBest Income Stocks to Buy for December 4thNovember 27, 2023 | finance.yahoo.comHow Good Is Concentrix Corporation (NASDAQ:CNXC), When It Comes To ROE?November 20, 2023 | finance.yahoo.comConcentrix Corporation (CNXC) Declined on Market WorriesNovember 2, 2023 | morningstar.comConcentrix Corp Ordinary Shares CNXCOctober 26, 2023 | finance.yahoo.comConcentrix Corp's Dividend AnalysisDecember 9, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.October 11, 2023 | finance.yahoo.comDirector Dennis Polk Sells 20,612 Shares of Concentrix Corp (CNXC)October 7, 2023 | msn.comTwilio, Concentrix, Zoom could see 'softer' CCaaS bookings in Q3: BarclaysOctober 2, 2023 | finance.yahoo.comConcentrix (NASDAQ:CNXC) Is Increasing Its Dividend To $0.3025September 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 TodaySeptember 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 CorporationSee 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 Company Calendar Last Earnings9/27/2023Ex-Dividend for 11/7 Dividend10/26/2023Dividend Payable11/07/2023Today12/08/2023Next Earnings (Estimated)1/18/2024Fiscal Year End11/30/2024Get 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 Target$119.60 High Stock Price Target$165.00 Low Stock Price Target$70.00 Potential Upside/Downside+26.5%Consensus RatingModerate Buy Rating Score (0-4)2.60 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$6.69 Trailing P/E Ratio14.14 Forward P/E Ratio9.10 P/E Growth1Net 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 Ratio3.54 Sales & Book Value Annual Sales$6.52 billion Price / Sales0.97 Cash Flow$17.26 per share Price / Cash Flow5.48 Book Value$52.18 per share Price / Book1.81Miscellaneous Outstanding Shares66,601,000Free Float66,015,000Market Cap$6.30 billion OptionableNot Optionable Beta0.60 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.Get This Free Report Key ExecutivesMr. Christopher A. Caldwell (Age 50)President, CEO & Director Comp: $2.66MMr. Andre S. Valentine (Age 60)Chief Financial Officer Comp: $1.2MMr. Richard Rosso (Age 60)Executive Vice President of Global Sales & Account Management Comp: $1.19MMs. Jane C. Fogarty (Age 56)Executive VP of Legal & Corporate Secretary Comp: $684.94kMr. Cormac J. Twomey (Age 53)Executive Vice President of Global Operations & Delivery Comp: $952.49kMs. Winnie SunSenior Vice President of Operations & DeliveryMr. David E. SteinVice President of Investor RelationsMs. Debbie GonzalezSenior Vice President of Global Marketing & CommunicationsMr. Jason MarasiganSenior Vice President of Corporate DevelopmentMs. Diane HansonSenior Vice President of People SolutionsMore ExecutivesKey CompetitorsInstacart (Maplebear Inc.)NASDAQ:CARTTriNet GroupNYSE:TNETShift4 PaymentsNYSE:FOURMaximusNYSE:MMSWEXNYSE:WEXView All CompetitorsInsiders & InstitutionsCitigroup Inc.Bought 3,139 shares on 12/6/2023Ownership: 0.014%Wellington Management Group LLPSold 404 shares on 12/1/2023Ownership: 0.014%American Century Companies Inc.Bought 1,280 shares on 11/30/2023Ownership: 0.018%IMA Wealth Inc.Sold 203 shares on 11/28/2023Ownership: 0.016%Deutsche Bank AGSold 556 shares on 11/24/2023Ownership: 0.006%View All Insider TransactionsView 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 Wall Street 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 anticipate the company's share price to reach $119.60 in the next twelve months. 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 beginning of 2023. 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) issued its quarterly earnings results on Wednesday, September, 27th. The company reported $2.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by $0.08. The company earned $1.63 billion during the quarter, compared to analyst estimates 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 declared a quarterly dividend on Wednesday, September 27th. Stockholders of record on Friday, October 27th will be given 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 of this dividend is Thursday, October 26th. This is a positive change 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 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 earnings per share 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 $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. Who are Concentrix's major shareholders? Concentrix's stock is owned by a variety 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 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. 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