Mutual of America Capital Management LLC Sells 457 Shares of Concentrix Corporation
August 8, 2023
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Concentrix Corporation ($NASDAQ:CNXC) is a global business services provider that offers a range of customer engagement services and technology solutions. The company specializes in customer contact and analytics, customer experience optimization, process optimization and consulting services. This sale is part of a larger trend of institutional investors reducing their exposure to Concentrix Corporation.
Stock Price
The stock opened at $79.2 and closed at the same price. This news could have an impact on Concentrix Corporation‘s stock value in the near future. 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 |
| 6.47k | 381.62 | 5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Concentrix Corporation. More…
| Operations | Investing | Financing |
| 659.6 | -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 |
| 6.56k | 3.71k | 55.77 |
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 |
| 10.3% | 29.6% | 10.3% |
| FCF Margin | ROE | ROA |
| 8.1% | 14.7% | 6.3% |
Analysis
GoodWhale has analyzed CONCENTRIX CORPORATION‘s financials and concluded that it is classified as a ‘gorilla’ company. This means that the company has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given this, it is likely that long-term investors looking for growth and stability would be interested in such a company. GoodWhale also found that CONCENTRIX CORPORATION has a high health score of 8/10, considering its cashflows and debt, and is therefore capable of sustaining future operations in times of crisis. Furthermore, GoodWhale found that CONCENTRIX CORPORATION is strong in terms of growth and profitability, is medium in terms of dividend, and is weak in terms of asset. This financial analysis of CONCENTRIX CORPORATION reveals that it is an attractive investment option for those interested in growth and stability. 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
Concentrix Corporation (CNX) is a business process services provider which offers customer engagement, analytics, and technology services to companies around the world. Mutual of America Capital Management LLC recently sold 457 shares of Concentrix Corporation, indicating that the company is reducing exposure to the stock. Furthermore, analysts are bullish on the company’s prospects, citing an increase in customer demand for its services and increased adoption of digital technologies.
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