Nordea Investment Management AB Raises Stock Position in Concentrix Corporation $CNXC

Nordea Investment Management AB lifted its holdings in Concentrix Corporation (NASDAQ:CNXC) by 34.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 93,062 shares of the company’s stock after buying an additional 23,657 shares during the period. Nordea Investment Management AB’s holdings in Concentrix were worth $4,323,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new position in Concentrix in the third quarter worth about $479,000. Nisa Investment Advisors LLC lifted its stake in shares of Concentrix by 67.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 17,643 shares of the company’s stock valued at $814,000 after purchasing an additional 7,100 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Concentrix by 390.5% in the 3rd quarter. SG Americas Securities LLC now owns 56,816 shares of the company’s stock worth $2,622,000 after purchasing an additional 45,232 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Concentrix during the 3rd quarter valued at approximately $9,627,000. Finally, Merit Financial Group LLC raised its holdings in Concentrix by 6.0% during the 3rd quarter. Merit Financial Group LLC now owns 24,693 shares of the company’s stock valued at $1,140,000 after buying an additional 1,395 shares during the period. Institutional investors own 90.34% of the company’s stock.

Concentrix Trading Up 2.3%

CNXC stock opened at $43.15 on Friday. Concentrix Corporation has a 12 month low of $31.63 and a 12 month high of $66.00. The firm’s 50-day moving average is $38.78 and its 200 day moving average is $46.48. The company has a market capitalization of $2.69 billion, a PE ratio of -2.07, a P/E/G ratio of 0.48 and a beta of 0.48. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.56.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings data on Tuesday, January 13th. The company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.02. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Concentrix had a negative net margin of 13.02% and a positive return on equity of 16.91%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.26 EPS. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. On average, research analysts anticipate that Concentrix Corporation will post 10.11 EPS for the current year.

Concentrix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, January 30th. Concentrix’s dividend payout ratio (DPR) is presently -6.91%.

Analyst Ratings Changes

A number of analysts recently issued reports on CNXC shares. Barrington Research restated an “outperform” rating and issued a $62.00 price target on shares of Concentrix in a research report on Monday, January 12th. Canaccord Genuity Group restated a “buy” rating and issued a $80.00 target price on shares of Concentrix in a report on Tuesday, September 23rd. Wall Street Zen cut shares of Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 8th. Finally, Robert W. Baird set a $52.00 target price on Concentrix in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Concentrix currently has an average rating of “Moderate Buy” and a consensus price target of $63.75.

Insiders Place Their Bets

In other news, CEO Christopher A. Caldwell bought 1,000 shares of the stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $40.00 per share, for a total transaction of $40,000.00. Following the acquisition, the chief executive officer owned 287,661 shares of the company’s stock, valued at $11,506,440. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.

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.