Is Concentrix (CNXC) A Great Investment Choice?

FPA Queens Road, an investment management firm, published its “FPA Queens Road Small Cap Value Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. The portfolio outpaced the Russell 2000 Value TR USD Index in the quarter, delivering a -2.53% return against the index’s -2.98% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

FPA Queens Road Small Cap Value Fund, in its Q3 2021 investor letter, mentioned Concentrix Corporation (NASDAQ: CNXC) and discussed its stance on the firm. Concentrix Corporation is a Fremont, California-based technology-infused Customer Experience (“CX”) solutions provider with a $9 billion market capitalization. CNXC delivered a 74.90% return since the beginning of the year, while its 12-month returns are up by 115.79%. The stock closed at $172.63 per share on November 26, 2021.

Here is what FPA Queens Road Small Cap Value Fund  has to say about Concentrix Corporation  in its Q3 2021 investor letter:

“Concentrix, a customer experience solutions provider spun off from one of our other portfolio holdings (Synnex) in December of 2020, rose during the quarter. Boasting a broadly diversified customer base, the company offset weakness in Covid-impacted segments with strong performance in finance, e-commerce, and healthcare.”

Based on our calculations, Concentrix Corporation (NASDAQ: CNXC) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. CNXC was in 21 hedge fund portfolios at the end of the third quarter of 2021, compared to 21 funds in the previous quarter. Concentrix Corporation (NASDAQ: CNXC) delivered a -0.11% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.