Concentrix (NASDAQ:CNXC) Reaches New 12-Month Low – Here’s What Happened

Concentrix Corporation (NASDAQ:CNXC)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $31.35 and last traded at $30.7160, with a volume of 385314 shares trading hands. The stock had previously closed at $34.76.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CNXC shares. Barrington Research reissued an “outperform” rating and set a $62.00 price objective on shares of Concentrix in a research report on Monday, January 12th. Wall Street Zen lowered shares of Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Robert W. Baird set a $52.00 price target on shares of Concentrix in a research report on Wednesday, January 14th. Finally, Weiss Ratings downgraded shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Concentrix currently has a consensus rating of “Hold” and an average target price of $63.75.

Concentrix Trading Down 13.0%

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.67. The company has a market cap of $1.86 billion, a PE ratio of -1.45, a P/E/G ratio of 0.41 and a beta of 0.50. The company has a fifty day simple moving average of $40.44 and a two-hundred day simple moving average of $44.13.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Tuesday, January 13th. The company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the company posted $3.26 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. Analysts anticipate that Concentrix Corporation will post 10.11 EPS for the current year.

Concentrix Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, January 30th. Concentrix’s dividend payout ratio is currently -6.91%.

Insider Activity at Concentrix

In other Concentrix news, CEO Christopher A. Caldwell bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $37.07 per share, for a total transaction of $37,070.00. Following the completion of the purchase, the chief executive officer directly owned 362,075 shares in the company, valued at $13,422,120.25. This trade represents a 0.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On Concentrix

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of Concentrix by 25.5% during the second quarter. AQR Capital Management LLC now owns 4,305,469 shares of the company’s stock worth $226,252,000 after purchasing an additional 875,556 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Concentrix by 32.3% in the 4th quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock valued at $121,713,000 after purchasing an additional 714,604 shares during the period. Deprince Race & Zollo Inc. purchased a new position in Concentrix during the 3rd quarter worth approximately $31,768,000. Dimensional Fund Advisors LP boosted its holdings in shares of Concentrix by 28.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock valued at $103,588,000 after acquiring an additional 551,778 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Concentrix in the 4th quarter valued at $19,385,000. 90.34% of the stock is owned by hedge funds and other institutional investors.

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.