Concentrix (NASDAQ:CNXC) Stock Price Down 8.6% – Here’s Why

Concentrix Corporation (NASDAQ:CNXC)’s stock price traded down 8.6% during trading on Thursday . The company traded as low as $21.96 and last traded at $21.8470. Approximately 579,519 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,666,155 shares. The stock had previously closed at $23.89.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Concentrix in a research report on Monday, April 27th. Barrington Research lowered their target price on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Bank of America dropped their target price on Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Zacks Research lowered Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Finally, Robert W. Baird lowered their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.75.

Concentrix Stock Performance

The business has a fifty day moving average of $25.04 and a 200-day moving average of $29.84. The company has a market cap of $1.36 billion, a PE ratio of -1.04, a P/E/G ratio of 0.40 and a beta of 0.47. 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 quarterly earnings data on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the business posted $2.70 earnings per share. Concentrix’s quarterly revenue was up 1.9% compared to the same quarter last year. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Equities research analysts anticipate that Concentrix Corporation will post 9.67 earnings per share for the current fiscal year.

Concentrix Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Investors of record on Friday, July 24th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a yield of 6.5%. Concentrix’s dividend payout ratio (DPR) is presently -6.75%.

Insiders Place Their Bets

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 shares were sold at an average price of $22.25, for a total transaction of $133,500,000.00. Following the transaction, the insider directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Concentrix

A number of large investors have recently modified their holdings of CNXC. Handelsbanken Fonder AB raised its stake in Concentrix by 5.7% in the second quarter. Handelsbanken Fonder AB now owns 11,200 shares of the company’s stock worth $251,000 after buying an additional 600 shares in the last quarter. Pacer Advisors Inc. boosted its position in Concentrix by 2,107.6% during the 1st quarter. Pacer Advisors Inc. now owns 355,400 shares of the company’s stock valued at $9,724,000 after acquiring an additional 339,301 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Concentrix by 21.6% during the 1st quarter. Empowered Funds LLC now owns 306,784 shares of the company’s stock worth $8,394,000 after acquiring an additional 54,585 shares during the period. Militia Capital Management LLC purchased a new position in shares of Concentrix during the 1st quarter worth approximately $331,000. Finally, Bank of America Corp DE raised its position in shares of Concentrix by 146.1% in the 1st quarter. Bank of America Corp DE now owns 697,191 shares of the company’s stock worth $19,075,000 after acquiring an additional 413,913 shares in the last quarter. Institutional investors 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.