Concentrix Corporation (NASDAQ:CNXC) Given Average Recommendation of “Hold” by Brokerages

Concentrix Corporation (NASDAQ:CNXC) has earned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $32.75.

Several research firms recently commented on CNXC. Bank of America dropped 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. Canaccord Genuity Group cut their target price on Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Wall Street Zen downgraded Concentrix from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Robert W. Baird dropped their price target 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. Finally, Barrington Research cut their price objective on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th.

Insider Activity

In other news, CFO Andre S. Valentine purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were purchased at an average price of $27.95 per share, for a total transaction of $69,875.00. Following the purchase, the chief financial officer directly owned 89,066 shares of the company’s stock, valued at $2,489,394.70. This represents a 2.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of Concentrix stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $22.25, for a total value of $133,500,000.00. Following the transaction, the insider directly owned 2,773,667 shares in the company, valued at approximately $61,714,090.75. This trade represents a 68.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.90% of the company’s stock.

Institutional Trading of Concentrix

Several institutional investors and hedge funds have recently bought and sold shares of CNXC. AQR Capital Management LLC grew its position in Concentrix by 1.8% during the 3rd quarter. AQR Capital Management LLC now owns 4,380,821 shares of the company’s stock worth $202,175,000 after purchasing an additional 75,352 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 buying an additional 460,108 shares during the last quarter. Pzena Investment Management LLC grew its holdings in shares of Concentrix by 0.5% during the first quarter. Pzena Investment Management LLC now owns 2,943,212 shares of the company’s stock worth $80,526,000 after buying an additional 16,016 shares during the last quarter. Kopernik Global Investors LLC acquired a new position in Concentrix in the 1st quarter valued at about $44,523,000. Finally, State Street Corp raised its stake in Concentrix by 8.7% during the 2nd quarter. State Street Corp now owns 1,622,854 shares of the company’s stock valued at $85,776,000 after acquiring an additional 130,529 shares during the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Concentrix Stock Down 2.4%

Shares of NASDAQ:CNXC opened at $22.85 on Wednesday. Concentrix has a fifty-two week low of $19.12 and a fifty-two week high of $62.14. The firm’s 50 day moving average price is $25.21 and its 200 day moving average price is $31.40. 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 stock has a market cap of $1.39 billion, a price-to-earnings ratio of -1.07, a price-to-earnings-growth ratio of 0.43 and a beta of 0.47.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm earned $2.70 EPS. The company’s revenue was up 1.9% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Concentrix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, July 24th. Concentrix’s dividend payout ratio is currently -6.75%.

About Concentrix

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.