ConcentrixCNXC
Market Cap: $4.75B
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 Q2 SEC filings by fund managers ($100M+ AUM)
26% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 90
16% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 45
2% more funds holding
Funds holding: 290 [Q1] → 297 (+7) [Q2]
1.25% more ownership
Funds ownership: 77.85% [Q1] → 79.11% (+1.25%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
3% less capital invested
Capital invested by funds: $3.42B [Q1] → $3.3B (-$115M) [Q2]
29% less call options, than puts
Call options by funds: $22.2M | Put options by funds: $31.5M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
B of A Securities Ruplu Bhattacharya 22% 1-year accuracy 2 / 9 met price target | 17%upside $85 | Neutral Upgraded | 28 Aug 2024 |
Canaccord Genuity Joseph Vafi 44% 1-year accuracy 34 / 78 met price target | 72%upside $125 | Buy Maintained | 27 Jun 2024 |
Barrington Research Vincent Colicchio 76% 1-year accuracy 44 / 58 met price target | 16%upside $84 | Outperform Maintained | 21 Jun 2024 |