Concentrix (NASDAQ:CNXC) Stock Price Down 7.2% – Should You Sell?

Concentrix Corporation (NASDAQ:CNXC) shares traded down 7.2% during mid-day trading on Tuesday . The stock traded as low as $23.31 and last traded at $23.0850. Approximately 91,641 shares were traded during mid-day trading, a decline of 95% from the average session volume of 1,683,015 shares. The stock had previously closed at $24.88.

Analyst Ratings Changes

A number of brokerages have recently commented on CNXC. Zacks Research cut Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Concentrix in a research note on Monday, April 27th. Bank of America dropped their price objective on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Wall Street Zen lowered shares of Concentrix from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Finally, Robert W. Baird reduced their target price on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.75.

Concentrix Trading Up 5.4%

The firm has a 50-day simple moving average of $25.05 and a 200-day simple moving average of $30.64. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1.52 billion, a PE ratio of -1.17, a P/E/G ratio of 0.43 and a beta of 0.47.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings data 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 company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 analysts forecast that Concentrix Corporation will post 9.67 earnings per share for the current year.

Concentrix Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 4th. Stockholders of record on Friday, July 24th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, July 24th. This represents a $1.44 annualized dividend and a dividend yield of 5.8%. Concentrix’s dividend payout ratio is currently -6.75%.

Insider Activity

In other news, major shareholder Bruxelles Lambert Groupe sold 6,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $22.25, for a total value of $133,500,000.00. Following the completion of the transaction, the insider directly owned 2,773,667 shares in the company, valued at approximately $61,714,090.75. This trade represents a 68.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Trading of Concentrix

A number of hedge funds and other institutional investors have recently bought and sold shares of CNXC. Osaic Holdings Inc. increased its holdings in shares of Concentrix by 13.4% in the second quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock worth $118,000 after buying an additional 263 shares during the period. State of Wyoming boosted its holdings in Concentrix by 6.2% during the 4th quarter. State of Wyoming now owns 5,029 shares of the company’s stock valued at $209,000 after acquiring an additional 293 shares during the period. Deutsche Bank AG grew its position in Concentrix by 4.7% during the 4th quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock worth $281,000 after acquiring an additional 303 shares during the last quarter. California State Teachers Retirement System grew its position in Concentrix by 1.1% during the 2nd quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock worth $1,923,000 after acquiring an additional 384 shares during the last quarter. Finally, Brevan Howard Capital Management LP increased its stake in Concentrix by 4.5% in the 2nd 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 own 90.34% of the company’s stock.

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.