Susquehanna Fundamental Investments LLC Has $4.48 Million Holdings in Concentrix Corporation $CNXC

Susquehanna Fundamental Investments LLC raised its position in Concentrix Corporation (NASDAQ:CNXC) by 294.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 200,006 shares of the company’s stock after purchasing an additional 149,263 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Concentrix were worth $4,481,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Concentrix during the second quarter worth about $25,000. Larson Financial Group LLC grew its holdings in shares of Concentrix by 224.9% during the third 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. raised 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 buying an additional 522 shares during the last quarter. Global Retirement Partners LLC raised its position in Concentrix by 1,032.5% in the 4th quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock valued at $36,000 after buying an additional 795 shares during the last quarter. Finally, Webster Bank N. A. bought a new stake in Concentrix in the 1st quarter valued at approximately $41,000. 90.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on CNXC shares. Zacks Research downgraded Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Bank of America cut their price objective 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. Canaccord Genuity Group reduced their target price on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Robert W. Baird decreased their target price on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Concentrix presently has an average rating of “Hold” and a consensus price target of $32.75.

Concentrix Stock Up 2.5%

CNXC stock opened at $30.10 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46. The business has a 50 day moving average price of $24.74 and a two-hundred day moving average price of $27.00. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -1.41, a P/E/G ratio of 0.54 and a beta of 0.45. Concentrix Corporation has a twelve month low of $19.12 and a twelve month high of $57.88.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data 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 company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the company earned $2.70 EPS. The company’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. Analysts anticipate that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Announces Dividend

The company also recently announced 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. This represents a $1.44 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, July 24th. Concentrix’s payout ratio is presently -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.