Teachers Retirement System of The State of Kentucky Has $3.50 Million Holdings in Concentrix Co. (NASDAQ:CNXC)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Concentrix Co. (NASDAQ:CNXCGet Rating) by 14.9% during the first quarter, HoldingsChannel.com reports. The firm owned 20,992 shares of the company’s stock after selling 3,684 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Concentrix were worth $3,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors lifted its holdings in shares of Concentrix by 17.7% during the 4th quarter. Capital International Investors now owns 4,120,003 shares of the company’s stock worth $735,915,000 after acquiring an additional 618,620 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Concentrix during the 4th quarter worth approximately $29,079,000. Wilson Asset Management International PTY Ltd. bought a new stake in shares of Concentrix during the 1st quarter worth approximately $21,836,000. Prudential Financial Inc. lifted its holdings in shares of Concentrix by 131.2% during the 1st quarter. Prudential Financial Inc. now owns 205,214 shares of the company’s stock worth $34,181,000 after acquiring an additional 116,465 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Concentrix by 30.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 481,484 shares of the company’s stock worth $86,002,000 after acquiring an additional 113,707 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Activity

In other news, Director Dennis Polk sold 10,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $134.82, for a total transaction of $1,348,200.00. Following the completion of the transaction, the director now owns 18,282 shares of the company’s stock, valued at $2,464,779.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Dennis Polk sold 10,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $134.82, for a total transaction of $1,348,200.00. Following the completion of the transaction, the director now owns 18,282 shares of the company’s stock, valued at $2,464,779.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andre S. Valentine purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were acquired at an average cost of $126.99 per share, with a total value of $317,475.00. Following the purchase, the chief financial officer now directly owns 39,470 shares of the company’s stock, valued at approximately $5,012,295.30. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 549,596 shares of company stock valued at $68,915,729. Insiders own 0.98% of the company’s stock.

Concentrix Price Performance

Shares of NASDAQ:CNXC opened at $118.47 on Monday. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.76 and a beta of 0.51. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.59 and a quick ratio of 1.59. The firm has a 50 day simple moving average of $129.76 and a 200 day simple moving average of $148.88. Concentrix Co. has a one year low of $117.59 and a one year high of $208.48.

Concentrix (NASDAQ:CNXCGet Rating) last issued its quarterly earnings data on Monday, June 27th. The company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.62 by $0.12. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.57 billion. Concentrix had a net margin of 7.66% and a return on equity of 20.87%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.37 EPS. Research analysts predict that Concentrix Co. will post 11.31 earnings per share for the current fiscal year.

Concentrix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 9th. Stockholders of record on Friday, July 29th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, July 28th. Concentrix’s payout ratio is currently 11.55%.

Analyst Ratings Changes

Separately, Barrington Research dropped their price objective on shares of Concentrix from $202.00 to $183.00 and set an “outperform” rating for the company in a research note on Tuesday, July 5th.

Concentrix Profile

(Get Rating)

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; digital transformation; and voice of the customer and analytics solutions.

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Institutional Ownership by Quarter for Concentrix (NASDAQ:CNXC)

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