Concentrix (NASDAQ:CNXC) CEO Christopher Caldwell Buys 1,000 Shares of Stock

Concentrix Corporation (NASDAQ:CNXC) CEO Christopher Caldwell purchased 1,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The stock was acquired at an average cost of $21.25 per share, for a total transaction of $21,250.00. Following the completion of the purchase, the chief executive officer owned 358,382 shares of the company’s stock, valued at approximately $7,615,617.50. This trade represents a 0.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Concentrix Stock Performance

Shares of CNXC stock opened at $20.97 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -0.98, a price-to-earnings-growth ratio of 0.39 and a beta of 0.47. Concentrix Corporation has a 52 week low of $19.12 and a 52 week high of $62.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46. The firm has a 50 day moving average of $25.06 and a 200-day moving average of $31.12.

Concentrix (NASDAQ:CNXC) last released its earnings results on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 EPS. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. On average, equities analysts forecast that Concentrix Corporation will post 9.67 earnings per share for the current year.

Concentrix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be issued a $0.36 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.44 annualized dividend and a yield of 6.9%. Concentrix’s dividend payout ratio is presently -6.75%.

Hedge Funds Weigh In On Concentrix

Several institutional investors have recently modified their holdings of CNXC. Geneos Wealth Management Inc. boosted its position in Concentrix by 532.7% in the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock worth $34,000 after purchasing an additional 522 shares during the last quarter. Larson Financial Group LLC grew its position in Concentrix by 224.9% during the third quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after buying an additional 479 shares during the period. Allworth Financial LP increased its holdings in Concentrix by 90.6% during the third quarter. Allworth Financial LP now owns 856 shares of the company’s stock worth $40,000 after buying an additional 407 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Concentrix by 1,032.5% during the fourth quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock worth $36,000 after buying an additional 795 shares during the last quarter. Finally, Rothschild Investment LLC raised its position in Concentrix by 52.0% in the fourth quarter. Rothschild Investment LLC now owns 1,146 shares of the company’s stock worth $48,000 after acquiring an additional 392 shares during the period. 90.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CNXC. Bank of America cut their target price on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Wall Street Zen downgraded shares of Concentrix from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Barrington Research dropped their price target on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Zacks Research downgraded Concentrix from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Finally, Canaccord Genuity Group decreased their price objective on Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.75.

Concentrix Company Profile

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.