Kera Capital Partners Inc. Buys New Holdings in Concentrix Corporation $CNXC

Kera Capital Partners Inc. acquired a new position in shares of Concentrix Corporation (NASDAQ:CNXC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,512 shares of the company’s stock, valued at approximately $291,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Concentrix by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,242,763 shares of the company’s stock worth $291,707,000 after acquiring an additional 106,217 shares during the last quarter. AQR Capital Management LLC lifted its position in Concentrix by 850.1% during the first quarter. AQR Capital Management LLC now owns 3,429,913 shares of the company’s stock worth $190,840,000 after acquiring an additional 3,068,916 shares during the last quarter. Copeland Capital Management LLC lifted its position in Concentrix by 3.0% during the first quarter. Copeland Capital Management LLC now owns 1,373,432 shares of the company’s stock worth $76,418,000 after acquiring an additional 40,226 shares during the last quarter. Paradigm Capital Management Inc. NY lifted its position in Concentrix by 2.7% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 750,142 shares of the company’s stock worth $32,459,000 after acquiring an additional 19,418 shares during the last quarter. Finally, Boston Partners raised its position in shares of Concentrix by 17.1% in the first quarter. Boston Partners now owns 624,274 shares of the company’s stock valued at $33,991,000 after buying an additional 91,130 shares in the last quarter. 90.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CNXC. Barrington Research reiterated an “outperform” rating and issued a $54.00 price target on shares of Concentrix in a research report on Tuesday, June 24th. Bank of America dropped their price target 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. Robert W. Baird lifted their price target on shares of Concentrix from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. Wall Street Zen downgraded shares of Concentrix from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $80.00 price target on shares of Concentrix in a research report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $66.75.

Insider Buying and Selling at Concentrix

In other Concentrix news, EVP Cormac J. Twomey sold 500 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $57.91, for a total transaction of $28,955.00. Following the sale, the executive vice president owned 37,130 shares of the company’s stock, valued at approximately $2,150,198.30. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.

Concentrix Stock Performance

Shares of NASDAQ:CNXC opened at $53.97 on Friday. The company’s 50 day simple moving average is $53.11 and its 200 day simple moving average is $51.99. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.61 and a quick ratio of 1.61. Concentrix Corporation has a 1 year low of $36.28 and a 1 year high of $68.56.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Thursday, June 26th. The company reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.06). The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.38 billion. Concentrix had a net margin of 2.54% and a return on equity of 16.31%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $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. As a group, research analysts predict that Concentrix Corporation will post 10.11 EPS for the current fiscal year.

Concentrix Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Friday, July 25th were paid a $0.3328 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, July 25th. Concentrix’s dividend payout ratio (DPR) is 36.54%.

Concentrix Profile

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.