Concentrix Corporation (NASDAQ:CNXC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Concentrix Corporation (NASDAQ:CNXC) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $66.25.

CNXC has been the topic of a number of research analyst reports. Robert W. Baird decreased their target price on Concentrix from $75.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Barrington Research reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Concentrix in a report on Thursday, November 20th. Weiss Ratings upgraded Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Concentrix from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 price objective on shares of Concentrix in a research report on Tuesday, September 23rd.

Concentrix Price Performance

CNXC stock opened at $41.61 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.56 and a current ratio of 1.56. The company’s fifty day moving average price is $39.23 and its 200-day moving average price is $48.33. Concentrix has a one year low of $31.63 and a one year high of $66.00. The company has a market capitalization of $2.59 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.54 and a beta of 0.50.

Concentrix (NASDAQ:CNXC) last posted its earnings results on Thursday, September 25th. The company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $2.88 by ($0.10). The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Concentrix had a net margin of 3.25% and a return on equity of 16.02%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.87 earnings per share. Concentrix has set its FY 2025 guidance at 11.110-11.230 EPS and its Q4 2025 guidance at 2.850-2.960 EPS. On average, equities analysts anticipate that Concentrix will post 10.11 EPS for the current fiscal year.

Concentrix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 4th. Investors of record on Friday, October 24th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, October 24th. This is a positive change from Concentrix’s previous quarterly dividend of $0.33. Concentrix’s payout ratio is 30.44%.

Insider Buying and Selling

In related news, CEO Christopher A. Caldwell acquired 2,000 shares of Concentrix stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of $42.03 per share, with a total value of $84,060.00. Following the completion of the purchase, the chief executive officer directly owned 286,661 shares of the company’s stock, valued at $12,048,361.83. The trade was a 0.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 4,000 shares of company stock valued at $169,410 in the last ninety days. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Concentrix

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Concentrix by 47.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,504 shares of the company’s stock valued at $84,000 after buying an additional 483 shares during the period. Vanguard Group Inc. raised its stake in shares of Concentrix by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,242,763 shares of the company’s stock valued at $291,707,000 after acquiring an additional 106,217 shares during the period. Deutsche Bank AG lifted its holdings in shares of Concentrix by 16.8% in the 1st quarter. Deutsche Bank AG now owns 3,969 shares of the company’s stock worth $221,000 after acquiring an additional 570 shares during the last quarter. Townsquare Capital LLC purchased a new position in shares of Concentrix during the 1st quarter worth about $372,000. Finally, Nuveen LLC bought a new position in Concentrix during the 1st quarter valued at about $8,575,000. Hedge funds and other institutional investors 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.