Concentrix Corporation Intrinsic Value Calculation – Savant Capital LLC drastically decreases stake in Concentrix Co. by over two-thirds in 2nd quarter
September 19, 2024
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CONCENTRIX CORPORATION ($NASDAQ:CNXC) is a leading global business services company that provides customer engagement, technology, and analytics solutions to clients across various industries. The company is known for its innovative approach to customer service and its commitment to delivering exceptional results for its clients.
However, a recent filing with the Securities and Exchange Commission has revealed that one of CONCENTRIX’s major investors, Savant Capital LLC, has drastically decreased its stake in the company by over two-thirds during the 2nd quarter. This news has caught the attention of investors and analysts, leading to speculation about the reasons behind this decision and its potential impact on CONCENTRIX’s stock. As a significant investor in CONCENTRIX, their sudden decrease in stake has raised concerns among shareholders. One possible reason for this sell-off could be due to the recent performance of CONCENTRIX’s stock. This decision could also be a part of their overall investment strategy, as they may have found better opportunities in other companies or sectors. As many businesses continue to face financial challenges and economic uncertainty, investors may be looking to reallocate their investments to minimize risk and ensure stability. It is also worth noting that Savant Capital LLC is not the only major investor to decrease its stake in CONCENTRIX. In the 1st quarter, BlackRock Inc. and The Vanguard Group, two of the largest investment management companies in the world, also reported a decrease in their holdings of CONCENTRIX’s stock. In conclusion, the news of Savant Capital LLC drastically reducing its stake in CONCENTRIX during the 2nd quarter has raised questions about the company’s performance and future prospects. While it is not uncommon for investors to adjust their portfolios, this significant decrease in investment may have a ripple effect on other shareholders’ confidence in the company’s stock. As the market continues to navigate the effects of the pandemic, it will be interesting to see how CONCENTRIX responds and if its stock can regain its value in the eyes of investors.
Stock Price
Savant Capital LLC, an investment management firm, recently announced a drastic decrease in its stake in CONCENTRIX CORPORATION during the second quarter. This move saw Savant Capital LLC reducing its shareholding in the company by over two-thirds, which is a significant decline. According to reports, on Friday, CONCENTRIX CORPORATION’s stock opened on the market at $67.21 and closed at $67.61, representing a 1.79% increase from the previous day’s closing price of $66.42. This news comes as a surprise to many investors, as it indicates a shift in Savant Capital LLC’s confidence in the company’s future performance. Although the exact reason for Savant Capital LLC’s decision to sell off such a large portion of its stake in CONCENTRIX CORPORATION is unknown, it could suggest a lack of faith in the company’s growth potential. This could be due to various factors, such as poor financial performance or changes in the industry landscape. With one of its major shareholders reducing its investment, it could lead to a decline in market confidence and potentially affect the company’s stock prices in the future. It is worth noting that Savant Capital LLC is not the sole owner of CONCENTRIX CORPORATION’s stock and that other institutional investors may have different opinions on the company’s prospects.
However, this move by a significant shareholder cannot be overlooked and may cause other investors to reconsider their positions in the company. In conclusion, Savant Capital LLC’s drastic decrease in stake in CONCENTRIX CORPORATION has caused a stir in the market and raised concerns about the company’s performance. It remains to be seen how this will impact the company’s stock prices and overall investor sentiment towards CONCENTRIX CORPORATION in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Concentrix Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 7.11k | 313.84 | 4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Concentrix Corporation. More…
| Operations | Investing | Financing |
| 684.42 | -1.84k | 1.24k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Concentrix Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.49k | 8.35k | 62.21 |
Key Ratios Snapshot
Some of the financial key ratios for Concentrix Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.7% | 28.9% | 8.6% |
| FCF Margin | ROE | ROA |
| 7.4% | 10.8% | 3.0% |
Analysis – Concentrix Corporation Intrinsic Value Calculation
After thorough analysis of CONCENTRIX CORPORATION‘s financials, I have determined that the intrinsic value of its share is approximately $124.7. This calculation was based on our proprietary Valuation Line, which takes into account various financial factors such as revenue, earnings, and cash flow. Currently, the stock of CONCENTRIX CORPORATION is being traded at $67.61. This means that it is currently undervalued by 45.8%, according to our calculations. This presents a potential opportunity for investors to purchase the stock at a lower price and potentially earn a higher return when the stock reaches its intrinsic value. One of the main reasons for the undervaluation of CONCENTRIX CORPORATION’s stock could be due to market sentiment or external factors that have impacted the company’s stock price. However, based on our analysis of the company’s financials, we believe that the stock is currently trading at a discount and has the potential to increase in value over time. In addition, CONCENTRIX CORPORATION has a strong financial standing, with consistent revenue and earnings growth over the years. This further supports our valuation of the company’s stock and reinforces our belief that it is currently undervalued. Overall, we believe that CONCENTRIX CORPORATION is a promising company with a strong financial standing and potential for growth in the future. Investors may want to consider purchasing its stock at its current undervalued price for potential long-term gains. More…
Peers
The company has a strong presence in the US, Europe, and Asia-Pacific regions. Concentrix Corp’s competitors include WidePoint Corp, Oracle Corp Japan, Alithya Group Inc, and other IT outsourcing and customer relationship management companies.
– WidePoint Corp ($NYSEAM:WYY)
As of 2022, WidePoint Corporation’s market capitalization is $22.18 million. The company’s return on equity is -30.85%. WidePoint Corporation is a technology solutions provider that specializes in secure mobility management and enterprise cybersecurity solutions. The company’s products and services enable government agencies and enterprises to deploy and manage mobile devices and applications securely and cost-effectively.
– Oracle Corp Japan ($TSE:4716)
Oracle Corporation Japan is a Japanese subsidiary of Oracle Corporation. It is one of the largest software companies in the world, with a market capitalization of over $1 trillion. The company develops and sells database, middleware, and application software. Oracle Corporation Japan has a return on equity of 37.48%.
– Alithya Group Inc ($TSX:ALYA)
Alithya Group Inc is a global technology and management consulting firm. They offer a comprehensive range of digital, consulting, and managed services to organizations in North America, Europe, and Asia Pacific. They have a market cap of 232M as of 2022 and a Return on Equity of -4.33%. The company has been struggling financially in recent years and has been cutting costs in an attempt to improve their bottom line.
Summary
Savant Capital LLC, an investment firm, significantly decreased its holdings in Concentrix Co. during the 2nd quarter, cutting its position by 67.7%. This shift in ownership reflects a potential lack of confidence in the company’s future performance. Investors may be wary of Concentrix due to various factors such as changing market conditions, internal struggles, or declining profitability.
This decrease in ownership could also suggest that Savant Capital LLC sees better investment opportunities elsewhere. Overall, this change in ownership highlights the importance of conducting thorough analysis before investing in a company, as market conditions and company performance can greatly impact investment decisions.
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