Concentrix Corporation (NASDAQ:CNXC) Stock Has Consensus Target Price of $33.50 According to Analysts

Shares of Concentrix Corporation (NASDAQ:CNXC) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.50.

A number of equities analysts have issued reports on CNXC shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Concentrix in a research report on Thursday, October 22nd. Bank of America reissued a “neutral” rating and issued a $29.00 price objective on shares of Concentrix in a report on Thursday, October 1st. Canaccord Genuity Group restated a “buy” rating and issued a $45.00 price objective on shares of Concentrix in a research report on Wednesday, September 30th. Finally, Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st.

Concentrix Stock Up 3.7%

CNXC stock opened at $31.45 on Tuesday. Concentrix has a one year low of $19.12 and a one year high of $44.78. 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 firm’s fifty day moving average is $28.86 and its 200 day moving average is $28.35. The firm has a market cap of $1.92 billion, a PE ratio of -0.81, a P/E/G ratio of 0.59 and a beta of 0.48.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.21. Concentrix had a negative net margin of 23.99% and a positive return on equity of 25.00%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the prior year, the firm posted $2.78 earnings per share. The company’s revenue was down 1.2% compared to the same quarter last year. 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, research analysts forecast that Concentrix will post 9.77 EPS for the current year.

Concentrix Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 3rd. Shareholders of record on Friday, October 23rd were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 23rd. This is a positive change from Concentrix’s previous quarterly dividend of $0.36. This represents a $1.48 annualized dividend and a yield of 4.7%. Concentrix’s payout ratio is -3.80%.

Institutional Trading of Concentrix

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in Concentrix in the 2nd quarter valued at about $25,000. Nykredit A S purchased a new stake in Concentrix during the 2nd quarter worth approximately $29,000. Pinnacle Wealth Planning Services Inc. increased its stake in Concentrix by 230.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,312 shares of the company’s stock worth $58,000 after buying an additional 1,612 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Concentrix by 126.5% during the first quarter. EverSource Wealth Advisors LLC now owns 3,509 shares of the company’s stock valued at $96,000 after acquiring an additional 1,960 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Concentrix by 9.8% during the third quarter. GAMMA Investing LLC now owns 4,556 shares of the company’s stock valued at $114,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

About Concentrix

Concentrix Corporation is a global technology and services company that helps businesses manage customer interactions and improve their operations. Its services include customer care, technical support, sales, back-office processing, and digital transformation, supported by technologies such as analytics, automation, and artificial intelligence.

The company serves clients across a range of industries, including technology, financial services, healthcare, retail, and communications. It operates in more than 70 countries, providing services to customers and businesses across multiple regions.

Concentrix became an independent publicly traded company in 2020 after being spun off from SYNNEX Corporation.