Concentrix (CNXC)

• Market cap: $2.62B
• 1 day: 0.25%
• 5 days: -7.33%
• 1 month: 1.81%
• 3 months: -36.13%
• 6 months: -33.05%
• Year to date: -58.56%
• 1 year: -57.86%
• 5 years: -49.40%
• 10 years: -49.40%
• Sector: Industrials
• Industry: Business Services

About: Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end capabilities, including CX process optimization, technology innovation and design engineering, front- and back-office automation, analytics and business transformation services to clients in five primary industry verticals. The Company's verticals are technology and consumer electronics, retail, travel and e-commerce, communications and media, banking, financial services and insurance, and healthcare. Geographically, the company operates in Philippines, Unites States, India, Canada, Germany, Great Britain and others.

Employees: 440,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2.17% more ownership

Funds ownership: 79.96% [Q2] → 82.13% (+2.17%) [Q3]

2% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 94

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

6% less funds holding

Funds holding: 298 [Q2] → 281 (-17) [Q3]

18% less capital invested

Capital invested by funds: $3.34B [Q2] → $2.73B (-$605M) [Q3]

33% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 51

66% less call options, than puts

Call options by funds: $4.8M | Put options by funds: $14.3M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $70 73% upside
• Avg. target: $78 91% upside
• High target: $100 147% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Baird David Koning 78% 1-year accuracy 25 / 32 met price target	73% upside $70	Outperform Initiated	3 Oct 2024
B of A Securities Ruplu Bhattacharya 70% 1-year accuracy 7 / 10 met price target	73% upside $70	Neutral Maintained	26 Sept 2024
Barrington Research Vincent Colicchio 59% 1-year accuracy 44 / 74 met price target	73% upside $70	Outperform Maintained	26 Sept 2024
Canaccord Genuity Joseph Vafi 70% 1-year accuracy 58 / 83 met price target	147% upside $100	Buy Maintained	26 Sept 2024