Concentrix Corporation (NASDAQ:CNXC) Receives Average Rating of “Hold” from Analysts

Concentrix Corporation (NASDAQ:CNXC) has earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $32.75.

Several analysts recently issued reports on CNXC shares. Barrington Research dropped their price objective 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. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Robert W. Baird lowered their target price on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Canaccord Genuity Group dropped their price target on Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Bank of America cut their price target on Concentrix from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th.

Institutional Inflows and Outflows

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

Concentrix Trading Up 3.7%

Shares of CNXC stock opened at $27.86 on Thursday. Concentrix has a fifty-two week low of $19.12 and a fifty-two week high of $57.88. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average is $24.47 and its two-hundred day moving average is $27.22. The firm has a market capitalization of $1.70 billion, a P/E ratio of -1.31, a PEG ratio of 0.49 and a beta of 0.45.

Concentrix (NASDAQ:CNXC) last released its earnings results on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The business had revenue of $2.46 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.Concentrix’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.70 EPS. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. Research analysts expect that Concentrix will post 9.67 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Friday, July 24th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.2%. Concentrix’s dividend payout ratio (DPR) is -6.75%.

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.