Yousif Capital Management LLC Divests 2269 Shares of Concentrix Corporation.
February 3, 2023
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Concentrix Corporation ($NASDAQ:CNXC) is a leading business services company that provides a range of services including customer engagement center solutions, end-to-end customer experience management, and data analytics. Concentrix Corporation’s shares are traded on the NASDAQ Stock Exchange under the symbol CNXC. Recently, Yousif Capital Management LLC has sold 2269 shares of Concentrix Corporation. This divestiture is a part of Yousif Capital’s ongoing strategy to reduce its positions in the stock market. Concentrix Corporation has been performing well in the past year due to its strong customer service capabilities and its focus on data analytics. The company’s customer engagement center solutions have enabled it to improve customer service and loyalty while reducing costs.
In addition, Concentrix’s data analytics capabilities have enabled it to provide its clients with insights into customer behavior and trends that help them make better decisions. Concentrix Corporation is well positioned to benefit from the continued growth of digital transformation initiatives in the near future. The company’s focus on customer service and data analytics will enable it to continue to deliver value to its clients and investors. With Yousif Capital selling its position in Concentrix Corporation, other investors may have the opportunity to increase their exposure to this stock.
Market Price
On Tuesday, Concentrix Corporation‘s stock opened at $140.5 and closed at $141.8, a 1.1% increase from its prior closing price of 140.2. This marks an important milestone in the company’s financials, as the stock’s performance has been steadily improving over the past few weeks. Analysts have been optimistic with their predictions for Concentrix Corporation, citing the company’s strong financials and its recent initiatives to expand its customer base. The company’s management team has also taken steps to streamline their operations in order to reduce costs and increase efficiency. This has resulted in improved performance and increased investor confidence in the stock. Concentrix Corporation has also been making strides when it comes to their product offerings.
They have released a number of new products and services in recent months, which have been well-received by the public. These new offerings have helped increase customer loyalty and revenue for the company. With their current financial situation, the company should be able to continue paying dividends in the future, which may help boost investor confidence even further. With strong financials, a well-managed business, and a growing portfolio of products and services, Concentrix Corporation looks to be in a good position to continue growing in the years ahead. 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 |
| 6.32k | 435.05 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Concentrix Corporation. More…
| Operations | Investing | Financing |
| 547.09 | -78.65 | -401.87 |
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 |
| 6.67k | 3.97k | 52.76 |
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% | 10.7% |
| FCF Margin | ROE | ROA |
| 6.5% | 15.8% | 6.3% |
VI Analysis
The VI app simplifies the analysis of CONCENTRIX CORPORATION’s fundamentals, which reflects its long term potential. According to the VI Star Chart, the company has a high health score of 8/10 with regards to its cash flows and debt, which implies that it is capable of safely riding out any crisis without the risk of bankruptcy. Moreover, it is classified as ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. For investors interested in such companies, CONCENTRIX CORPORATION is strong in growth, profitability and medium in dividends. On the other hand, it is weak in assets.
This implies that the company has limited financial resources to fall back on in times of crisis, but its strengths make it a good long-term investment. Furthermore, it has a high health score which indicates that it can manage its finances efficiently and is unlikely to experience bankruptcy. Therefore, investors who are looking for a safe and stable investment with the potential for long-term growth should consider investing in CONCENTRIX CORPORATION. Its strong competitive advantage, high health score and steady growth make it an attractive option for those looking to diversify their portfolios.
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 is a business process services company that provides customer experience, analytics, and technology solutions to clients across the globe. Yousif Capital Management LLC recently divested 2269 shares of the company. At the time of writing, the media coverage of the company is generally positive, as analysts have noted the potential for Concentrix Corporation to experience continued growth and success. The company has a strong management team, a reliable customer base, and an expansive range of services, making it an attractive investment option for those looking to diversify their portfolios.
Additionally, the company has seen strong performance in recent quarters and is well-positioned to capitalize on new opportunities in the future.
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