<div id="readability-page-1"><p>Concentrix Corporation (NASDAQ:CNXC - Get Free Report)'s stock price was down 9% during trading on Friday after an insider sold shares in the company. The stock traded as low as $47.22 and last traded at $47.31. Approximately 319,154 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 807,082 shares. The stock had previously closed at $51.97.</p><ul><li>Concentrix: High Debt and Struggling Margins</li></ul><p>Specifically,  EVP Cormac J. Twomey sold 500 shares of the business's 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 completion of the transaction, the executive vice president owned 37,130 shares of the company's stock, valued at $2,150,198.30. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities analysts recently commented on CNXC shares. Bank of America reduced their price objective on shares of Concentrix from $65.00 to $61.00 and set a &#34;neutral&#34; rating for the company in a research note on Friday, June 27th. Wall Street Zen downgraded shares of Concentrix from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, June 21st. Canaccord Genuity Group  reissued a &#34;buy&#34; rating and set a $80.00 target price on shares of Concentrix in a research report on Monday, June 30th. Barrington Research  reissued an &#34;outperform&#34; rating and set a $54.00 target price on shares of Concentrix in a research report on Tuesday, June 24th. Finally, Robert W. Baird boosted their target price on shares of Concentrix from $62.00 to $72.00 and gave the stock an &#34;outperform&#34; rating in a research report on Thursday, June 26th. Two investment analysts have rated the stock with a hold rating, three have issued  a buy rating and one  has given a strong buy rating to the company. Based on data from MarketBeat, Concentrix currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $66.75.</p><p><b>Check Out Our Latest Analysis on CNXC</b></p><h2>Concentrix Stock Performance</h2><p>The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.61 and a current ratio of 1.61. The firm's 50 day moving average is $56.42 and its 200-day moving average is $51.79. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.74 and a beta of 0.53. </p><p>Concentrix (NASDAQ:CNXC - Get Free Report) last posted its earnings results on Thursday, June 26th. The company reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.76 by ($0.06). Concentrix had a net margin of 2.54% and a return on equity of 16.31%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the firm earned $2.69 earnings per share. The business's revenue for the quarter was up 1.5% on a year-over-year basis.  Analysts forecast that  Concentrix Corporation will post 10.11 earnings per share for the current fiscal year. </p><h2>Concentrix Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 5th. Investors of record on Friday, July 25th will be paid a $0.3328 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, July 25th. Concentrix's payout ratio is currently 36.54%. </p><h2>Hedge Funds Weigh In On Concentrix</h2><p>Large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its position in  Concentrix by 532.7% during the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company's stock worth $34,000 after acquiring an additional 522 shares during the period.  UMB Bank n.a. grew its holdings in shares of  Concentrix by 47.3% in the first quarter. UMB Bank n.a. now owns 676 shares of the company's stock valued at $38,000 after purchasing an additional 217 shares during the period.  IFP Advisors Inc grew its holdings in shares of  Concentrix by 473.8% in the second quarter. IFP Advisors Inc now owns 700 shares of the company's stock valued at $37,000 after purchasing an additional 578 shares during the period.  First Horizon Advisors Inc. grew its holdings in shares of  Concentrix by 111.8% in the first quarter. First Horizon Advisors Inc. now owns 841 shares of the company's stock valued at $47,000 after purchasing an additional 444 shares during the period.  Finally, PNC Financial Services Group Inc. grew its holdings in shares of  Concentrix by 47.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,504 shares of the company's stock valued at $84,000 after purchasing an additional 483 shares during the period. 90.34% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Concentrix Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Concentrix</li><li>3 Grocery Stocks That Are Proving They Are Still Essential </li><li>Rocket Lab Reports Next Week: Here’s What Investors Should Know</li><li>How to Evaluate a Stock Before Buying </li><li>Apple Stock: Big Earnings, Small Move—Time to Buy?</li><li>Consumer Staples Stocks, Explained</li><li>Amazon's Earnings: What Comes Next and How to Play It</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Concentrix Right Now?</h2><p>Before you consider Concentrix, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Concentrix wasn't on the list.</p><p>While Concentrix currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CNXC

<p>Concentrix Corporation's stock (NASDAQ:CNXC) fell 9% after an insider sold shares, trading as low as $47.22. The sale involved EVP Cormac J. Twomey selling 500 shares at $57.91. Analysts have mixed ratings, with Bank of America lowering its price target to $61.00. The company reported Q2 earnings of $2.70 EPS, missing estimates, and announced a quarterly dividend of $0.3328. Concentrix has a debt-to-equity ratio of 1.14 and a market cap of $2.96 billion.</p>

Concentrix (NASDAQ:CNXC) Stock Price Down 9% After Insider Selling