Jefferies Financial Group Inc. Makes New Investment in Concentrix Corporation $CNXC

Jefferies Financial Group Inc. bought a new stake in Concentrix Corporation (NASDAQ:CNXC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,221 shares of the company’s stock, valued at approximately $879,000. Jefferies Financial Group Inc. owned 0.06% of Concentrix as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Concentrix during the second quarter worth about $25,000. Larson Financial Group LLC lifted its position in shares of Concentrix by 224.9% during the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after acquiring an additional 479 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Concentrix by 532.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after acquiring an additional 522 shares during the period. Global Retirement Partners LLC lifted its position in shares of Concentrix by 1,032.5% during the 4th quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock valued at $36,000 after acquiring an additional 795 shares during the period. Finally, Webster Bank N. A. purchased a new stake in shares of Concentrix during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

Wall Street Analyst Weigh In

CNXC has been the subject of several research analyst reports. Barrington Research dropped their price objective on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Zacks Research lowered Concentrix from a “hold” rating to a “strong sell” rating in a report on Thursday, July 2nd. 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. Finally, Bank of America cut their price target on Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a research note 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 currently has an average rating of “Hold” and a consensus price target of $32.75.

Concentrix Stock Performance

Shares of CNXC opened at $29.38 on Monday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.18 and a quick ratio of 1.18. Concentrix Corporation has a 1-year low of $19.12 and a 1-year high of $57.88. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -1.38, a price-to-earnings-growth ratio of 0.54 and a beta of 0.45. The firm has a 50 day simple moving average of $24.62 and a 200-day simple moving average of $27.07.

Concentrix (NASDAQ:CNXC) last announced its earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. Concentrix’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company 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 analysts forecast 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 paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.44 annualized dividend and a yield of 4.9%. Concentrix’s payout ratio is presently -6.75%.

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.