Concentrix (NASDAQ:CNXC) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Concentrix (NASDAQ:CNXC) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks reports.

Other analysts have also recently issued reports about the company. Robert W. Baird reduced their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Bank of America reduced their target price 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. Barrington Research decreased their price target on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research note on Friday, July 24th. Finally, Canaccord Genuity Group cut their price target on shares of Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.75.

Concentrix Price Performance

NASDAQ:CNXC opened at $32.28 on Monday. Concentrix has a 52 week low of $19.12 and a 52 week high of $57.88. The firm’s 50-day simple moving average is $24.90 and its 200 day simple moving average is $26.98. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -1.51, a P/E/G ratio of 0.55 and a beta of 0.47. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18.

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 the consensus estimate of $2.64 by ($0.01). Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The company had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company posted $2.70 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. As a group, sell-side analysts predict that Concentrix will post 9.67 earnings per share for the current year.

Concentrix Dividend Announcement

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. This represents a $1.44 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, July 24th. Concentrix’s payout ratio is presently -6.75%.

Institutional Trading of Concentrix

A number of institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in shares of Concentrix by 532.7% in the first quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock worth $34,000 after buying an additional 522 shares in the last quarter. Larson Financial Group LLC lifted its stake in Concentrix by 224.9% in the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock worth $32,000 after purchasing an additional 479 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Concentrix by 1,032.5% in the 4th quarter. Global Retirement Partners LLC now owns 872 shares of the company’s stock valued at $36,000 after purchasing an additional 795 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Concentrix in the 2nd quarter valued at $25,000. Finally, Rothschild Investment LLC grew its position in shares of Concentrix by 52.0% during the 4th quarter. Rothschild Investment LLC now owns 1,146 shares of the company’s stock valued at $48,000 after purchasing an additional 392 shares in the last quarter. 90.34% of the stock is currently owned by hedge funds and other institutional investors.

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.