UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in Concentrix Corporation $CNXC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Concentrix Corporation (NASDAQ:CNXC) by 20.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,381 shares of the company’s stock after selling 26,155 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Concentrix worth $2,249,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CNXC. Hsbc Holdings PLC raised its holdings in Concentrix by 32.7% in the second quarter. Hsbc Holdings PLC now owns 108,186 shares of the company’s stock valued at $2,424,000 after buying an additional 26,682 shares during the period. Empowered Funds LLC acquired a new position in Concentrix during the second quarter valued at approximately $7,372,000. Jefferies Financial Group Inc. purchased a new stake in Concentrix during the second quarter worth approximately $879,000. Corient Private Wealth LP acquired a new stake in shares of Concentrix in the second quarter worth $2,526,000. Finally, Bank of America Corp DE purchased a new position in shares of Concentrix in the 2nd quarter valued at $18,248,000. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird cut their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. 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. Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Finally, Bank of America reduced their price target on Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.75.

Concentrix Stock Performance

Concentrix stock opened at $28.24 on Friday. Concentrix Corporation has a 12-month low of $19.12 and a 12-month high of $57.88. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -1.32, a price-to-earnings-growth ratio of 0.50 and a beta of 0.47. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s fifty day moving average price is $25.88 and its 200 day moving average price is $26.93.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Monday, June 29th. The company reported $2.63 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 analyst estimates of $2.47 billion. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. On average, research analysts forecast that Concentrix Corporation will post 9.67 EPS for the current fiscal year.

Concentrix Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Friday, July 24th. Concentrix’s dividend payout ratio (DPR) 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.