Cambridge Investment Research Advisors Inc. Trims Stock Holdings in Concentrix Co. (NASDAQ:CNXC)

Cambridge Investment Research Advisors Inc. decreased its holdings in Concentrix Co. (NASDAQ:CNXC) by 15.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,895 shares of the company’s stock after selling 357 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Concentrix were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Holdings Inc. purchased a new position in Concentrix during the second quarter valued at approximately $375,000. Envestnet Asset Management Inc. purchased a new position in Concentrix during the second quarter valued at approximately $1,128,000. Sei Investments Co. purchased a new position in Concentrix during the second quarter valued at approximately $1,979,000. O Shaughnessy Asset Management LLC purchased a new position in Concentrix during the second quarter valued at approximately $399,000. Finally, Securian Asset Management Inc purchased a new position in Concentrix during the second quarter valued at approximately $611,000. Hedge funds and other institutional investors own 75.49% of the company’s stock.

Several equities analysts recently commented on the stock. Barrington Research boosted their price objective on shares of Concentrix from $182.00 to $202.00 and gave the company an “outperform” rating in a research note on Wednesday, September 29th. Zacks Investment Research cut shares of Concentrix from a “buy” rating to a “hold” rating in a research note on Tuesday, November 30th.

CNXC stock opened at $166.64 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.64 and a quick ratio of 1.64. Concentrix Co. has a one year low of $105.42 and a one year high of $191.35. The stock has a market cap of $8.72 billion and a PE ratio of 25.29. The firm has a 50 day simple moving average of $175.76 and a two-hundred day simple moving average of $171.97.

In other Concentrix news, Director Dennis Polk sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 3rd. The shares were sold at an average price of $176.50, for a total value of $882,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 15,000 shares of company stock valued at $2,613,050. Corporate insiders own 0.93% of the company’s stock.

About Concentrix

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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Institutional Ownership by Quarter for Concentrix (NASDAQ:CNXC)

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