Concentrix Corp (NASDAQ:CNXC)’s traded shares stood at 0.78 million during the last session, with the company’s beta value hitting 0.63. At the close of trading, the stock’s price was $48.82, to imply an increase of 2.48% or $1.18 in intraday trading. The CNXC share’s 52-week high remains $77.00, putting it -57.72% down since that peak but still an impressive 25.69% since price per share fell to its 52-week low of $36.28. The company has a valuation of $3.12B, with an average of 1.33 million shares in intraday trading volume over the past 10 days and average of 1.01 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Concentrix Corp (CNXC), translating to a mean rating of 1.71. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CNXC a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 2.74.
Concentrix Corp (NASDAQ:CNXC) trade information
After registering a 2.48% upside in the last session, Concentrix Corp (CNXC) has traded red over the past five days. The 5-day price performance for the stock is 1.14%, and 12.70% over 30 days. With these gigs, the year-to-date price performance is 12.83%. Short interest in Concentrix Corp (NASDAQ:CNXC) saw shorts transact 8.57 million shares and set a 11.85 days time to cover.
The extremes give us $54 and $54 for target low and target high price respectively. As such, CNXC has been trading -10.61% off suggested target high and -10.61% from its likely low.
Concentrix Corp (CNXC) estimates and forecasts
The rating firms project that company’s revenue will shrink -0.59% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 2.38B. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 2.39B.Earnings reports from the last fiscal year show that sales brought in 2.38B and 2.39B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.01% before jumping 0.26% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 10.35% for the past 5-year period. While 2025 is set for a 0.83% return in earnings, projections for the next 5 years are at 4.85% annually.
CNXC Dividends
Concentrix Corp has its next earnings report out on 2025-Mar-25. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Concentrix Corp has a forward dividend ratio of 1.27, with the share yield ticking at 2.60% to continue the rising pattern observed over the past year.
Concentrix Corp (NASDAQ:CNXC)’s Major holders
Concentrix Corp insiders hold 15.54% of total outstanding shares, with institutional holders owning 91.78% of the shares at 108.67% float percentage. In total, 91.78% institutions holds shares in the company, led by GROUPE BRUXELLES LAMBERT. As of 2024-06-30, the company held over 8.77 million shares (or 13.4421% of shares), all amounting to roughly $555.2 million.
The next major institution holding the largest number of shares is FMR LLC with 7.38 million shares, or about 11.3054% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $466.95 million.
We also have UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Concentrix Corp (CNXC) shares. Going by data provided on Dec 31, 2024 , UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. holds roughly 2.33 shares. This is just over 3.65% of the total shares, with a market valuation of $113.91 million. Data from the same date shows that the other fund manager holds a little less at 1.75, or 2.74% of the shares, all valued at about 85.43 million.
