Jefferies Financial Group Inc. Makes New Investment in Concentrix Corporation $CNXC

Jefferies Financial Group Inc. purchased a new stake in Concentrix Corporation (NASDAQ:CNXC) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 39,221 shares of the company’s stock, valued at approximately $879,000.

Other hedge funds have also made changes to their positions in the company. Hussman Strategic Advisors Inc. lifted its position in Concentrix by 100.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $3,493,000 after buying an additional 42,000 shares during the period. Groupe Bruxelles Lambert purchased a new stake in Concentrix in the 2nd quarter valued at about $68,000,000. Pzena Investment Management LLC increased its stake in shares of Concentrix by 32.3% during the 4th quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock valued at $121,713,000 after acquiring an additional 714,604 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Concentrix during the 4th quarter valued at about $19,385,000. Finally, Empowered Funds LLC lifted its holdings in shares of Concentrix by 21.6% during the 1st quarter. Empowered Funds LLC now owns 306,784 shares of the company’s stock worth $8,394,000 after acquiring an additional 54,585 shares during the period. Institutional investors and hedge funds own 90.34% of the company’s stock.

Concentrix Stock Performance

NASDAQ CNXC opened at $29.38 on Monday. The firm has a market capitalization of $1.79 billion, a P/E ratio of -1.38, a P/E/G ratio of 0.54 and a beta of 0.45. Concentrix Corporation has a 1-year low of $19.12 and a 1-year high of $57.88. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18. The business’s 50-day simple moving average is $24.62 and its 200-day simple moving average is $27.07.

Concentrix (NASDAQ:CNXC) last posted 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). Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company posted $2.70 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Equities analysts predict that Concentrix Corporation will post 9.67 EPS for the current year.

Concentrix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, July 24th. Concentrix’s payout ratio is currently -6.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Zacks Research downgraded shares of Concentrix from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Canaccord Genuity Group cut their price target on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Bank of America decreased their price target on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Finally, Robert W. Baird dropped their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Concentrix presently has an average rating of “Hold” and a consensus 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.