Concentrix Co. (NASDAQ:CNXC) Shares Purchased by First Hawaiian Bank

First Hawaiian Bank increased its position in shares of Concentrix Co. (NASDAQ:CNXC) by 51.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,619 shares of the company’s stock after acquiring an additional 4,619 shares during the period. First Hawaiian Bank’s holdings in Concentrix were worth $589,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Concentrix by 64.9% in the 3rd quarter. GAMMA Investing LLC now owns 729 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Concentrix in the 2nd quarter worth about $68,000. Quarry LP increased its stake in Concentrix by 769.9% in the 2nd quarter. Quarry LP now owns 1,244 shares of the company’s stock worth $79,000 after purchasing an additional 1,101 shares in the last quarter. Quest Partners LLC purchased a new position in Concentrix in the 3rd quarter worth about $146,000. Finally, Blue Trust Inc. increased its stake in Concentrix by 62.4% in the 3rd quarter. Blue Trust Inc. now owns 3,132 shares of the company’s stock worth $161,000 after purchasing an additional 1,204 shares in the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Bank of America dropped their price target on Concentrix from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. Baird R W upgraded Concentrix to a “strong-buy” rating in a research report on Thursday, October 3rd. Barrington Research decreased their price objective on Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, September 26th. Canaccord Genuity Group decreased their price objective on Concentrix from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, September 26th. Finally, Robert W. Baird initiated coverage on Concentrix in a research report on Thursday, October 3rd. They set an “outperform” rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $79.00.

Concentrix Stock Up 0.3 %

Shares of Concentrix stock opened at $45.75 on Friday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 0.56 and a beta of 0.63. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.57 and a quick ratio of 1.57. Concentrix Co. has a 52-week low of $36.28 and a 52-week high of $106.10. The stock has a 50-day simple moving average of $43.05 and a 200-day simple moving average of $55.31.

Concentrix Profile

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.