Concentrix Co. (NASDAQ:CNXC) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in Concentrix Co. (NASDAQ:CNXC – Get Rating) by 4.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,732 shares of the company’s stock after selling 371 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Concentrix were worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC increased its holdings in Concentrix by 1.1% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,201 shares of the company’s stock worth $977,000 after acquiring an additional 76 shares in the last quarter. Utah Retirement Systems increased its holdings in Concentrix by 4.5% in the 2nd quarter. Utah Retirement Systems now owns 2,300 shares of the company’s stock worth $312,000 after acquiring an additional 100 shares in the last quarter. Amundi increased its holdings in Concentrix by 40.8% in the 2nd quarter. Amundi now owns 373 shares of the company’s stock worth $47,000 after acquiring an additional 108 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in Concentrix by 57.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 307 shares of the company’s stock worth $42,000 after acquiring an additional 112 shares in the last quarter. Finally, First PREMIER Bank increased its holdings in Concentrix by 57.5% in the 3rd quarter. First PREMIER Bank now owns 315 shares of the company’s stock worth $35,000 after acquiring an additional 115 shares in the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.

Concentrix Price Performance

Concentrix stock opened at $141.99 on Monday. Concentrix Co. has a 52-week low of $108.57 and a 52-week high of $208.48. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.97 and a beta of 0.54. The company has a fifty day simple moving average of $128.30 and a 200-day simple moving average of $126.14. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.91.

Concentrix Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Monday, January 30th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, January 27th. Concentrix’s dividend payout ratio is currently 13.29%.

Insider Activity at Concentrix

In related news, Director Dennis Polk sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $122.32, for a total value of $1,223,200.00. Following the completion of the sale, the director now owns 15,507 shares of the company’s stock, valued at $1,896,816.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CNXC shares. Barrington Research dropped their target price on shares of Concentrix from $183.00 to $174.00 and set an “outperform” rating for the company in a report on Friday, September 30th. TheStreet raised shares of Concentrix from a “c” rating to a “b-” rating in a report on Thursday, January 12th.

Concentrix Profile

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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.