Concentrix (NASDAQ:CNXC) Stock Price Down 7.7% – Here’s Why

Concentrix Corporation (NASDAQ:CNXC)’s share price fell 7.7% during trading on Monday . The stock traded as low as $30.61 and last traded at $30.31. 28,220 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,311,759 shares. The stock had previously closed at $32.85.

Wall Street Analysts Forecast Growth

Several analysts have commented on CNXC shares. Robert W. Baird set a $52.00 price objective on shares of Concentrix in a report on Wednesday, January 14th. Weiss Ratings lowered Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Concentrix in a report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.75.

Concentrix Stock Performance

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. The firm has a market cap of $1.83 billion, a PE ratio of -1.43, a P/E/G ratio of 0.35 and a beta of 0.50. The firm has a 50-day moving average price of $39.49 and a two-hundred day moving average price of $43.10.

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

Concentrix Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 30th were given a dividend of $0.36 per share. The ex-dividend date was Friday, January 30th. This represents a $1.44 dividend on an annualized basis and a yield of 4.8%. Concentrix’s payout ratio is presently -6.91%.

Insider Buying and Selling

In other Concentrix news, CEO Christopher A. Caldwell bought 1,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were acquired at an average cost of $37.07 per share, with a total value of $37,070.00. Following the purchase, the chief executive officer directly owned 362,075 shares of the company’s stock, valued at $13,422,120.25. This trade represents a 0.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Concentrix

Large investors have recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in Concentrix by 16.3% during the 4th quarter. Invesco Ltd. now owns 478,790 shares of the company’s stock worth $19,908,000 after acquiring an additional 67,036 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Concentrix in the fourth quarter valued at approximately $300,000. SummitTX Capital L.P. lifted its position in shares of Concentrix by 268.0% during the 4th quarter. SummitTX Capital L.P. now owns 45,780 shares of the company’s stock worth $1,904,000 after buying an additional 33,340 shares during the last quarter. Twinbeech Capital LP purchased a new stake in shares of Concentrix during the 4th quarter worth approximately $964,000. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in shares of Concentrix by 92.9% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 184,176 shares of the company’s stock valued at $7,658,000 after buying an additional 88,674 shares in the last quarter. 90.34% of the stock is currently owned by institutional investors and hedge funds.

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.