Concentrix (NASDAQ:CNXC) Stock Price Down 4.5% – Should You Sell?

Concentrix Corporation (NASDAQ:CNXC) traded down 4.5% during trading on Friday. The stock traded as low as $26.00 and last traded at $25.7820. Approximately 218,842 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,650,262 shares. The stock had previously closed at $27.01.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CNXC. Barrington Research decreased their price target on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Robert W. Baird lowered their target price on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $45.00 price target on shares of Concentrix in a report on Wednesday. Finally, Bank of America reaffirmed a “neutral” rating and issued a $29.00 price target on shares of Concentrix in a report on Thursday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Concentrix has a consensus rating of “Hold” and an average target price of $33.50.

Concentrix Stock Performance

The business has a fifty day moving average of $27.14 and a 200-day moving average of $26.45. The company has a market cap of $1.52 billion, a PE ratio of -0.64, a P/E/G ratio of 0.46 and a beta of 0.52. The company has a current ratio of 1.23, a quick ratio of 1.18 and a debt-to-equity ratio of 2.22.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.71 by $0.21. The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.48 billion. Concentrix had a negative net margin of 23.99% and a positive return on equity of 25.00%. Concentrix’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $2.78 earnings per share. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. Equities research analysts anticipate that Concentrix Corporation will post 9.67 earnings per share for the current fiscal year.

Concentrix Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Friday, October 23rd will be given a dividend of $0.37 per share. The ex-dividend date is Friday, October 23rd. This is a positive change from Concentrix’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.9%. Concentrix’s dividend payout ratio (DPR) is -6.75%.

Institutional Trading of Concentrix

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Concentrix during the 2nd quarter worth approximately $149,639,000. Pzena Investment Management LLC purchased a new stake in shares of Concentrix in the 2nd quarter valued at approximately $76,488,000. Dimensional Fund Advisors LP increased its stake in Concentrix by 18.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company’s stock worth $80,746,000 after acquiring an additional 460,108 shares during the last quarter. Groupe Bruxelles Lambert purchased a new stake in Concentrix in the 2nd quarter valued at about $68,000,000. Finally, Kopernik Global Investors LLC acquired a new position in shares of Concentrix during the first quarter worth about $44,523,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement, operational performance and digital experiences. The company provides customer experience management, business process outsourcing, technology services and consulting to organizations across industries including technology, retail, healthcare, financial services, communications and travel.

Its offerings include customer care and technical support, sales and revenue generation, fraud prevention, analytics, artificial intelligence, automation, digital transformation and back-office services.