Concentrix (NASDAQ:CNXC) announced its quarterly earnings results on Sunday. The company reported $2.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.24 by $0.25, MarketWatch Earnings reports.
NASDAQ CNXC traded up $4.65 during trading on Tuesday, reaching $172.04. The company’s stock had a trading volume of 6,748 shares, compared to its average volume of 202,506. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $8.98 billion and a PE ratio of 29.38. The firm has a fifty day moving average of $166.33 and a 200 day moving average of $157.41. Concentrix has a one year low of $80.00 and a one year high of $177.74.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Concentrix from a “sell” rating to a “hold” rating in a report on Tuesday, August 17th. Barrington Research initiated coverage on shares of Concentrix in a research report on Tuesday, June 15th. They issued an “outperform” rating and a $182.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $146.75.
A hedge fund recently bought a new stake in Concentrix stock. Morgan Stanley bought a new position in Concentrix Co. (NASDAQ:CNXC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 194,242 shares of the company’s stock, valued at approximately $31,235,000. Morgan Stanley owned about 0.37% of Concentrix as of its most recent SEC filing. Hedge funds and other institutional investors own 75.70% of the company’s stock.
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.
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