EntryPoint Capital LLC Invests $498,000 in Concentrix Corporation $CNXC

EntryPoint Capital LLC acquired a new position in shares of Concentrix Corporation (NASDAQ:CNXC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,953 shares of the company’s stock, valued at approximately $498,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its position in shares of Concentrix by 14.3% during the 1st quarter. Hsbc Holdings PLC now owns 56,747 shares of the company’s stock worth $3,157,000 after purchasing an additional 7,114 shares in the last quarter. Northern Trust Corp boosted its position in shares of Concentrix by 6.2% during the 1st quarter. Northern Trust Corp now owns 522,746 shares of the company’s stock worth $29,086,000 after purchasing an additional 30,527 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Concentrix by 15.5% during the 1st quarter. Raymond James Financial Inc. now owns 126,905 shares of the company’s stock worth $7,061,000 after purchasing an additional 17,072 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in shares of Concentrix in the 1st quarter worth about $1,869,000. Finally, American Century Companies Inc. raised its holdings in shares of Concentrix by 3.8% in the 1st quarter. American Century Companies Inc. now owns 12,942 shares of the company’s stock worth $720,000 after acquiring an additional 476 shares during the last quarter. Institutional investors own 90.34% of the company’s stock.

Insider Transactions at Concentrix

In other Concentrix news, EVP Cormac J. Twomey sold 500 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $57.91, for a total value of $28,955.00. Following the sale, the executive vice president directly owned 37,130 shares in the company, valued at $2,150,198.30. This represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.20% of the stock is owned by corporate insiders.

Concentrix Stock Up 1.3%

CNXC opened at $49.37 on Thursday. The company has a 50 day moving average of $53.97 and a 200 day moving average of $51.43. The company has a market cap of $3.11 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.65 and a beta of 0.53. Concentrix Corporation has a 12 month low of $36.28 and a 12 month high of $77.00. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.14.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings data on Thursday, June 26th. The company reported $2.70 EPS for the quarter, missing the consensus estimate of $2.76 by ($0.06). The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.38 billion. Concentrix had a return on equity of 16.31% and a net margin of 2.54%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business posted $2.69 earnings per share. Concentrix has set its FY 2025 guidance at 11.530-11.760 EPS. Q3 2025 guidance at 2.800-2.910 EPS. On average, sell-side analysts expect that Concentrix Corporation will post 10.11 EPS for the current year.

Concentrix Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Friday, July 25th were paid a $0.3328 dividend. The ex-dividend date was Friday, July 25th. This represents a $1.33 annualized dividend and a yield of 2.7%. Concentrix’s dividend payout ratio is currently 36.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CNXC shares. Barrington Research restated an “outperform” rating and issued a $54.00 target price on shares of Concentrix in a report on Tuesday, June 24th. Canaccord Genuity Group restated a “buy” rating and issued a $80.00 target price on shares of Concentrix in a report on Monday, June 30th. Robert W. Baird upped their target price on shares of Concentrix from $62.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, June 26th. Wall Street Zen lowered shares of Concentrix from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Bank of America reduced their price objective on shares of Concentrix from $65.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $66.75.

About Concentrix

Concentrix Corporation engages in the provision of 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, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.