Analysts Set Concentrix Corporation (NASDAQ:CNXC) Price Target at $32.75

Shares of Concentrix Corporation (NASDAQ:CNXC) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $32.75.

CNXC has been the topic of several research reports. Barrington Research cut their price objective on Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Zacks Research raised Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Canaccord Genuity Group lowered their target price on Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Robert W. Baird dropped their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th.

Institutional Trading of Concentrix

A number of hedge funds and other institutional investors have recently modified their holdings of CNXC. Engineers Gate Manager LP bought a new position in shares of Concentrix in the 2nd quarter worth about $228,000. Arizona State Retirement System boosted its stake in Concentrix by 14.8% during the second quarter. Arizona State Retirement System now owns 11,783 shares of the company’s stock worth $264,000 after acquiring an additional 1,523 shares in the last quarter. Nykredit A S bought a new stake in Concentrix during the second quarter worth about $29,000. Corient Private Wealth LP boosted its stake in Concentrix by 321.6% during the second quarter. Corient Private Wealth LP now owns 121,597 shares of the company’s stock worth $2,724,000 after acquiring an additional 92,752 shares in the last quarter. Finally, Amundi grew its holdings in Concentrix by 46.2% in the second quarter. Amundi now owns 33,437 shares of the company’s stock worth $749,000 after purchasing an additional 10,572 shares during the period. 90.34% of the stock is owned by hedge funds and other institutional investors.

Concentrix Trading Down 0.2%

NASDAQ:CNXC opened at $29.16 on Monday. The company has a 50-day moving average price of $26.28 and a 200-day moving average price of $26.86. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -1.37, a P/E/G ratio of 0.54 and a beta of 0.47. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.46. Concentrix has a 12 month low of $19.12 and a 12 month high of $57.88.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings results on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by ($0.01). Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The company had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the firm earned $2.70 EPS. Concentrix’s quarterly revenue was up 1.9% compared to the same quarter last year. 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 predict that Concentrix will post 9.67 EPS for the current year.

Concentrix Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Stockholders 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 dividend yield of 4.9%. The ex-dividend date was Friday, July 24th. Concentrix’s payout ratio is -6.75%.

About Concentrix

Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.

The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.