Concentrix Corporation (NASDAQ:CNXC) Receives $66.75 Consensus PT from Brokerages

Concentrix Corporation (NASDAQ:CNXC) has been assigned an average rating of “Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $66.75.

A number of analysts have recently issued reports on the company. Canaccord Genuity Group restated a “buy” rating and set a $80.00 price objective on shares of Concentrix in a research report on Monday, June 30th. Robert W. Baird boosted their price objective on Concentrix from $62.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. Bank of America lowered their price objective on Concentrix from $65.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, June 27th. Wall Street Zen cut Concentrix from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Barrington Research restated an “outperform” rating and set a $54.00 price objective on shares of Concentrix in a research report on Tuesday, June 24th.

Concentrix Stock Performance

Shares of NASDAQ CNXC opened at $51.64 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 1.14. The business’s 50 day moving average is $53.22 and its two-hundred day moving average is $51.84. The company has a market cap of $3.25 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.71 and a beta of 0.53. Concentrix has a 12 month low of $36.28 and a 12 month high of $68.96.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings results on Thursday, June 26th. The company reported $2.70 EPS for the quarter, missing the consensus estimate of $2.76 by ($0.06). The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.38 billion. Concentrix had a return on equity of 16.31% and a net margin of 2.54%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 earnings per share. Concentrix has set its FY 2025 guidance at 11.530-11.760 EPS. Q3 2025 guidance at 2.800-2.910 EPS. On average, equities analysts expect that Concentrix will post 10.11 EPS for the current year.

Concentrix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Friday, July 25th were given a dividend of $0.3328 per share. The ex-dividend date was Friday, July 25th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.6%. Concentrix’s payout ratio is currently 36.54%.

Insider Activity

In other news, EVP Cormac J. Twomey sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $57.91, for a total transaction of $28,955.00. Following the sale, the executive vice president directly owned 37,130 shares in the company, valued at approximately $2,150,198.30. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Concentrix

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in Concentrix by 7.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 165,581 shares of the company’s stock valued at $9,213,000 after buying an additional 12,162 shares in the last quarter. GAMMA Investing LLC boosted its stake in Concentrix by 761.3% in the 1st quarter. GAMMA Investing LLC now owns 2,446 shares of the company’s stock valued at $136,000 after buying an additional 2,162 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Concentrix in the 4th quarter valued at $294,000. Fifth Third Bancorp boosted its stake in Concentrix by 36.5% in the 1st quarter. Fifth Third Bancorp now owns 2,051 shares of the company’s stock valued at $114,000 after buying an additional 548 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Concentrix in the 1st quarter valued at $495,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.