Concentrix Corporation (CNXC) – What Are Researchers Thinking About This Stock?

Concentrix Corporation (NASDAQ:CNXC) has been given an average rating of “Hold” by the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $33.50.

CNXC has been the subject of several recent analyst reports. Bank of America restated a “neutral” rating and issued a $29.00 price target on shares of Concentrix in a research note on Thursday, October 1st. Zacks Research upgraded shares of Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Barrington Research dropped their target price on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Finally, Robert W. Baird cut their target price on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Concentrix by 9.8% in the third quarter. GAMMA Investing LLC now owns 4,556 shares of the company’s stock worth $114,000 after purchasing an additional 405 shares during the last quarter. Engineers Gate Manager LP bought a new position in Concentrix during the second quarter valued at approximately $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 valued at $264,000 after buying an additional 1,523 shares during the last quarter. Nykredit A S purchased a new position in Concentrix during the 2nd quarter valued at approximately $29,000. Finally, Corient Private Wealth LP grew its holdings in Concentrix by 321.6% during the 2nd quarter. Corient Private Wealth LP now owns 121,597 shares of the company’s stock valued at $2,724,000 after buying an additional 92,752 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.

Concentrix Trading Up 5.9%

Shares of Concentrix stock opened at $26.96 on Friday. Concentrix has a fifty-two week low of $19.12 and a fifty-two week high of $48.08. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $1.65 billion, a P/E ratio of -0.69, a P/E/G ratio of 0.48 and a beta of 0.52. The company has a fifty day moving average of $27.31 and a 200 day moving average of $26.19.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Tuesday, September 29th. The company reported $2.92 EPS for the quarter, beating the consensus estimate of $2.71 by $0.21. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.48 billion. Concentrix had a positive return on equity of 25.00% and a negative net margin of 23.99%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.78 earnings per share. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. On average, sell-side analysts anticipate that Concentrix will post 9.77 earnings per share for the current fiscal year.

Concentrix Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Friday, October 23rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, October 23rd. This is an increase from Concentrix’s previous quarterly dividend of $0.36. Concentrix’s dividend payout ratio is presently -3.70%.

Concentrix Company Profile

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement, operational performance and digital experiences. The company provides customer experience management, business process outsourcing, technology services and consulting to organizations across industries including technology, retail, healthcare, financial services, communications and travel.

Its offerings include customer care and technical support, sales and revenue generation, fraud prevention, analytics, artificial intelligence, automation, digital transformation and back-office services.