Pinnacle Holdings LLC Acquires Shares of 33,565 Concentrix Corporation $CNXC

Pinnacle Holdings LLC bought a new position in shares of Concentrix Corporation (NASDAQ:CNXC) during the second quarter, Holdings Channel.com reports. The firm bought 33,565 shares of the company’s stock, valued at approximately $752,000.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in shares of Concentrix by 532.7% in the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after purchasing an additional 522 shares in the last quarter. Larson Financial Group LLC lifted its holdings 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. Global Retirement Partners LLC lifted its holdings in Concentrix by 1,032.5% during the 4th quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock worth $36,000 after buying an additional 795 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Concentrix during the second quarter valued at $25,000. Finally, Rothschild Investment LLC boosted its holdings in Concentrix by 52.0% in the fourth quarter. Rothschild Investment LLC now owns 1,146 shares of the company’s stock valued at $48,000 after acquiring an additional 392 shares during the last quarter. 90.34% of the stock is owned by institutional investors.

Concentrix Stock Performance

CNXC opened at $25.40 on Monday. The stock has a market capitalization of $1.55 billion, a P/E ratio of -1.19, a P/E/G ratio of 0.47 and a beta of 0.45. 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 Corporation has a 12 month low of $19.12 and a 12 month high of $57.88. The firm’s fifty day simple moving average is $24.42 and its 200 day simple moving average is $27.45.

Concentrix (NASDAQ:CNXC) last released 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). 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 the consensus estimate of $2.47 billion. During the same quarter last year, the company posted $2.70 EPS. Concentrix’s revenue for the quarter 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, research analysts anticipate that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Investors of record on Friday, July 24th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.7%. Concentrix’s dividend payout ratio (DPR) is presently -6.75%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. Canaccord Genuity Group reduced their price target on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Zacks Research cut shares of Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Finally, Bank of America dropped their price objective on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.75.

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.