Concentrix (NASDAQ:CNXC) CEO Christopher Caldwell Acquires 1,000 Shares

Concentrix Corporation (NASDAQ:CNXC) CEO Christopher Caldwell acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was acquired at an average price of $21.25 per share, for a total transaction of $21,250.00. Following the purchase, the chief executive officer directly owned 358,382 shares of the company’s stock, valued at approximately $7,615,617.50. This trade represents a 0.28% 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 the SEC website.

Concentrix Stock Performance

NASDAQ CNXC traded down $0.41 on Thursday, reaching $20.97. 2,533,887 shares of the company’s stock traded hands, compared to its average volume of 1,692,430. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -0.98, a P/E/G ratio of 0.42 and a beta of 0.47. The stock has a 50 day moving average price of $25.15 and a 200-day moving average price of $31.27. Concentrix Corporation has a fifty-two week low of $19.12 and a fifty-two week high of $62.14. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18.

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

Concentrix Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Friday, July 24th will be paid a $0.36 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.9%. Concentrix’s dividend payout ratio is presently -6.75%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CNXC. Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a research report on Monday, April 27th. Bank of America cut their target price on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Barrington Research decreased their target price on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Robert W. Baird dropped their price target on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Finally, Canaccord Genuity Group cut their price objective on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Concentrix has a consensus rating of “Hold” and an average target price of $32.75.

Institutional Investors Weigh In On Concentrix

A number of institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its stake in shares of Concentrix by 13.4% during the second quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock valued at $118,000 after acquiring an additional 263 shares in the last quarter. State of Wyoming raised its stake in Concentrix by 6.2% during the fourth quarter. State of Wyoming now owns 5,029 shares of the company’s stock valued at $209,000 after buying an additional 293 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Concentrix by 4.7% during the fourth quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock worth $281,000 after purchasing an additional 303 shares during the period. California State Teachers Retirement System grew its position in shares of Concentrix by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock valued at $1,923,000 after buying an additional 384 shares during the last quarter. Finally, Brevan Howard Capital Management LP lifted its holdings in Concentrix by 4.5% in the second quarter. Brevan Howard Capital Management LP now owns 8,951 shares of the company’s stock worth $473,000 after acquiring an additional 384 shares during the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

Concentrix Company 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.