Pinnacle Holdings LLC Invests $752,000 in Concentrix Corporation $CNXC

Pinnacle Holdings LLC acquired a new stake in shares of Concentrix Corporation (NASDAQ:CNXC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,565 shares of the company’s stock, valued at approximately $752,000. Pinnacle Holdings LLC owned approximately 0.06% of Concentrix as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Concentrix in the 2nd quarter valued at $25,000. Ieq Capital LLC acquired a new position in Concentrix during the second quarter worth $2,585,000. Nierenberg Investment Management Company LLC bought a new position in Concentrix during the second quarter valued at about $1,444,674,000. Tocqueville Asset Management L.P. acquired a new stake in shares of Concentrix in the second quarter worth about $417,000. Finally, Pzena Investment Management LLC acquired a new stake in shares of Concentrix in the second quarter worth about $76,488,000. Institutional investors own 90.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Zacks Research downgraded Concentrix from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Barrington Research decreased their target price on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Robert W. Baird lowered their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Finally, Bank of America dropped their target price on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Concentrix presently has a consensus rating of “Hold” and a consensus price target of $32.75.

Concentrix Price Performance

CNXC opened at $25.40 on Monday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -1.19, a PEG ratio of 0.47 and a beta of 0.45. The firm’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $27.45. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. Concentrix Corporation has a twelve month low of $19.12 and a twelve month high of $57.88.

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. Equities research analysts anticipate that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a yield of 5.7%. Concentrix’s payout ratio is currently -6.75%.

Concentrix 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.