Concentrix Co. (NASDAQ:CNXC) shares were up 4.4% during trading on Tuesday . The stock traded as high as $175.63 and last traded at $174.71. Approximately 697 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 202,506 shares. The stock had previously closed at $167.39.
A number of equities research analysts have issued reports on the stock. Barrington Research started coverage on shares of Concentrix in a report on Tuesday, June 15th. They set an “outperform” rating and a $182.00 target price on the stock. Zacks Investment Research upgraded Concentrix from a “sell” rating to a “hold” rating in a research note on Tuesday, August 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Concentrix has a consensus rating of “Buy” and an average price target of $146.75.
The company’s 50 day simple moving average is $166.33 and its 200-day simple moving average is $157.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $9.11 billion and a PE ratio of 29.38.
In other Concentrix news, EVP Richard Rosso sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, July 7th. The stock was sold at an average price of $161.38, for a total transaction of $484,140.00. Following the sale, the executive vice president now owns 28,130 shares in the company, valued at $4,539,619.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis Polk sold 5,000 shares of the stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $160.24, for a total value of $801,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,000 shares of company stock worth $3,234,960. Insiders own 0.93% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CNXC. Rockefeller Capital Management L.P. purchased a new stake in Concentrix during the 2nd quarter valued at $25,000. First PREMIER Bank bought a new position in shares of Concentrix during the second quarter valued at about $32,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Concentrix during the second quarter worth about $33,000. Valley National Advisers Inc. bought a new stake in shares of Concentrix in the second quarter worth about $35,000. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of Concentrix in the second quarter worth about $41,000. Institutional investors and hedge funds own 75.70% of the company’s stock.
About Concentrix (NASDAQ:CNXC)
Concentrix Corporation provides technology-infused customer experience solutions worldwide. It provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services. The company also offers customer lifecycle management; customer experience/user experience strategy and design; digital transformation; and voice of the customer and analytics solutions.
See Also: VIX – Volatility Index
Receive News & Ratings for Concentrix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Concentrix and related companies with MarketBeat.com's FREE daily email newsletter.