Concentrix (NASDAQ:CNXC) Shares Down 7.2% – Should You Sell?

Shares of Concentrix Corporation (NASDAQ:CNXC) traded down 7.2% during trading on Tuesday . The stock traded as low as $23.31 and last traded at $23.0850. 91,641 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 1,683,015 shares. The stock had previously closed at $24.88.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America lowered their price target on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Wall Street Zen cut shares of Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Barrington Research dropped their price target on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a report on Monday, April 27th. Finally, Canaccord Genuity Group lowered their price objective on Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.75.

Concentrix Price Performance

The stock has a market capitalization of $1.44 billion, a P/E ratio of -1.11, a PEG ratio of 0.41 and a beta of 0.47. The company’s 50 day simple moving average is $25.03 and its two-hundred day simple moving average is $30.89. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18.

Concentrix (NASDAQ:CNXC) last posted its earnings results on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The firm had revenue of $2.46 billion during the quarter, compared to the consensus estimate 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 last year, the firm posted $2.70 EPS. 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 analysts expect that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be given a $0.36 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.44 annualized dividend and a yield of 6.1%. Concentrix’s payout ratio is presently -6.75%.

Insider Transactions at Concentrix

In other Concentrix news, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of the business’s stock in a transaction 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 owned 2,773,667 shares of the company’s stock, valued at approximately $61,714,090.75. The trade was a 68.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CNXC. Larson Financial Group LLC lifted its position in Concentrix by 224.9% during the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock worth $32,000 after buying an additional 479 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Concentrix by 532.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after acquiring an additional 522 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Concentrix by 1,032.5% in the fourth quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock worth $36,000 after acquiring an additional 795 shares during the last quarter. Allworth Financial LP lifted its position in shares of Concentrix by 90.6% during the third quarter. Allworth Financial LP now owns 856 shares of the company’s stock worth $40,000 after purchasing an additional 407 shares in the last quarter. Finally, Webster Bank N. A. acquired a new position in shares of Concentrix during the first quarter worth approximately $41,000. 90.34% of the stock is owned by institutional investors.

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.