Analysts Set Concentrix Corporation (NASDAQ:CNXC) Price Target at $32.75

Shares of Concentrix Corporation (NASDAQ:CNXC) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $32.75.

CNXC has been the topic of several research analyst reports. Zacks Research cut shares of Concentrix from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Barrington Research lowered their target price on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Bank of America cut their price target on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Finally, Canaccord Genuity Group decreased their target price on Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th.

Concentrix Stock Performance

CNXC stock opened at $26.03 on Thursday. The stock’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $27.37. Concentrix has a 12-month low of $19.12 and a 12-month high of $57.88. The firm has a market cap of $1.59 billion, a P/E ratio of -1.22, a P/E/G ratio of 0.47 and a beta of 0.45. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.46.

Concentrix (NASDAQ:CNXC) last issued its earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The company had revenue of $2.46 billion during 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 business’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 earnings per share. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. As a group, equities research analysts predict that Concentrix will post 9.67 EPS for the current year.

Concentrix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Stockholders of record on Friday, July 24th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, July 24th. Concentrix’s dividend payout ratio is currently -6.75%.

Institutional Trading of Concentrix

Several institutional investors and hedge funds have recently bought and sold shares of CNXC. Osaic Holdings Inc. increased its stake in Concentrix by 13.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock valued at $118,000 after buying an additional 263 shares during the period. State of Wyoming lifted its stake in shares of Concentrix by 6.2% in the fourth quarter. State of Wyoming now owns 5,029 shares of the company’s stock worth $209,000 after buying an additional 293 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Concentrix by 4.7% in the fourth quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock worth $281,000 after buying an additional 303 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in Concentrix by 4.5% during the 2nd quarter. Brevan Howard Capital Management LP now owns 8,951 shares of the company’s stock valued at $473,000 after purchasing an additional 384 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Concentrix by 1.1% in the 2nd quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock valued at $1,923,000 after buying an additional 384 shares during the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

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.