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10,000 shares of Concentrix Co. (NASDAQ:CNXC) stock are sold by Dennis Polk.

Originally published on Best Stocks

Category: best stocks to buy now

On Monday, October 3, Concentrix Co. (NASDAQ: CNXC) director Dennis Polk sold 10,000 shares of the corporation’s stock. The stock was sold at an average price of $113.33, for a total transaction value of $1,133,300.00. The director now owns 16,518 shares in the business, valued at approximately $1,871,984.94. This link will take you to the SEC filing, where the transaction is detailed if you click on it.

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Dennis Polk recently made the following trade:
Shares of CNX rose by $0.57 on Wednesday to $122.56. Two hundred thirty thousand sixty shares of the company’s stock were exchanged, which is less than the typical volume of 269,279 shares. The company’s 50-day moving average is $126.83, and its 200-day moving average is $142.13. The high and low points for Concentrix Co. over the previous year were $208.48 and $108.57, respectively. The company has exceptional characteristics, like a market value of $6.38 billion, a price-to-earnings ratio of 14.22, an earnings growth price-to-earnings ratio of 0.85, and a beta of 0.64. In addition, the company’s current, quick, and debt-to-equity ratios are 0.91, 1.58, and 1.67, respectively.

Concentrix (NASDAQ: CNXC) issued its most recent quarterly results on September 29. The company’s quarterly earnings per share were $2.95, less than the consensus estimate of $2.97 by $0.02. Concentrix’s net margin and return on equity were 7.39 and 21.5%, respectively. The company’s revenue for the quarter was $1.58 billion, as opposed to analysts’ predictions of $1.59 billion. In the same period the previous year, the company’s EPS was $2.35. In addition, the company’s sales for the quarter climbed by 13.1% compared to the same quarter last year. According to stock market experts, Concentrix Co. is anticipated to post 11.31 EPS for the current fiscal year, according to stock market experts.

The firm also announced the payment date for the quarterly dividend, which is November 8. By October 28, stockholders will receive a dividend of $0.275 per share. The ex-dividend date for this dividend is Thursday, October 27. The consequence is a $1.10 annual dividend yield or 0.90 percent. This represents an increase. The last Concentrix quarterly dividend was $0.25. Concentrix’s current dividend payout ratio is 11.60%.

Separately, on September 30, Barrington Research maintained an “outperform” rating on Concentrix while lowering their price objective on the stock from $183.00 to $174.00.

Large investors have recently bought and sold shares of the company. HM Payson & Co. boosted its holdings in Concentrix by 846.7% in the fourth quarter. HM Payson & Co. now directly owns 142 shares of the business, valued at $25,000, after acquiring an additional 127 shares in the recent last quarter. Ronald Blue Trust Inc. increased its ownership of Concentrix by over $32,000 during the second quarter. Rockefeller Capital Management L.P. increased its holdings in Concentrix shares by 67.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 272 shares of the business worth $47,000 after acquiring an additional 110 shares in the recent last quarter. Shares of Concentrix were added to CoreCap Advisors LLC’s portfolio during the second quarter for a total transaction value of close to $41,000. The value of Prospera Financial Services Inc.’s holdings of Concentrix shares has increased during the first quarter to around $56,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

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