Concentrix Corporation (NASDAQ:CNXC) Receives $32.75 Average Price Target from Brokerages

Shares of Concentrix Corporation (NASDAQ:CNXC) have received an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $32.75.

Several research firms recently commented on CNXC. Bank of America decreased 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. Barrington Research reduced their price target on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Zacks Research cut shares of Concentrix from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research note on Friday. Finally, Robert W. Baird dropped their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th.

Hedge Funds Weigh In On Concentrix

Several institutional investors and hedge funds have recently modified their holdings of CNXC. Kopernik Global Investors LLC acquired a new position in Concentrix in the first quarter valued at $44,523,000. AQR Capital Management LLC lifted its position in Concentrix by 25.5% during the second quarter. AQR Capital Management LLC now owns 4,305,469 shares of the company’s stock worth $226,252,000 after buying an additional 875,556 shares during the period. Pzena Investment Management LLC boosted its stake in Concentrix by 32.3% in the 4th quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock worth $121,713,000 after buying an additional 714,604 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Concentrix by 171.4% in the 1st quarter. Quantinno Capital Management LP now owns 1,076,413 shares of the company’s stock worth $29,451,000 after buying an additional 679,749 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Concentrix by 28.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock valued at $103,588,000 after buying an additional 551,778 shares during the period. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Concentrix Price Performance

Shares of NASDAQ CNXC opened at $25.41 on Friday. The firm has a market capitalization of $1.55 billion, a P/E ratio of -1.19, a PEG ratio of 0.45 and a beta of 0.47. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. The company’s fifty day moving average is $25.08 and its two-hundred day moving average is $29.49. Concentrix has a one year low of $19.12 and a one year high of $59.92.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings data on Monday, June 29th. The company reported $2.63 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.01). The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.70 earnings per share. 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 forecast that Concentrix will post 9.67 EPS for the current fiscal year.

Concentrix Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, July 24th. Concentrix’s dividend payout ratio (DPR) is currently -6.75%.

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.