SummerHaven Investment Management LLC Buys Shares of 14,312 Concentrix Corporation $CNXC

SummerHaven Investment Management LLC bought a new stake in shares of Concentrix Corporation (NASDAQ:CNXC) in the 3rd quarter, Holdings Channel reports. The firm bought 14,312 shares of the company’s stock, valued at approximately $660,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Osaic Holdings Inc. increased its position in Concentrix by 13.4% during the 2nd quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock valued at $118,000 after buying an additional 263 shares in the last quarter. Earned Wealth Advisors LLC boosted its holdings in Concentrix by 6.4% in the second quarter. Earned Wealth Advisors LLC now owns 4,488 shares of the company’s stock worth $237,000 after acquiring an additional 269 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Concentrix by 39.3% in the second quarter. True Wealth Design LLC now owns 1,163 shares of the company’s stock worth $61,000 after acquiring an additional 328 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Concentrix by 23.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,818 shares of the company’s stock worth $96,000 after acquiring an additional 351 shares during the last quarter. Finally, Brevan Howard Capital Management LP increased 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 valued at $473,000 after acquiring an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Insider Activity

In other Concentrix news, CEO Christopher A. Caldwell bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average cost of $40.00 per share, for a total transaction of $40,000.00. Following the completion of the transaction, the chief executive officer owned 287,661 shares of the company’s stock, valued at $11,506,440. This represents a 0.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

Concentrix Price Performance

NASDAQ CNXC opened at $36.32 on Thursday. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of -1.74, a PEG ratio of 0.44 and a beta of 0.48. Concentrix Corporation has a 1-year low of $31.63 and a 1-year high of $66.00. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.56. The business’s fifty day moving average price is $39.94 and its 200-day moving average price is $45.55.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings data on Tuesday, January 13th. The company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.02. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.Concentrix’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.26 earnings per share. Concentrix has set its Q1 2026 guidance at 2.570-2.690 EPS and its FY 2026 guidance at 11.480-12.070 EPS. On average, equities analysts predict that Concentrix Corporation will post 10.11 earnings per share for the current year.

Concentrix Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, January 30th. Concentrix’s dividend payout ratio is -6.91%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CNXC shares. Weiss Ratings upgraded shares of Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, January 8th. Wall Street Zen cut Concentrix from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Robert W. Baird set a $52.00 target price on Concentrix in a report on Wednesday, January 14th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $62.00 price target on shares of Concentrix in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.75.

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.