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

Concentrix Corporation (NASDAQ:CNXC) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $33.50.

Several brokerages have recently issued reports on CNXC. Barrington Research reduced their price objective on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a report on Friday, July 24th. Bank of America reiterated a “neutral” rating and issued a $29.00 target price on shares of Concentrix in a research report on Thursday, October 1st. Zacks Research upgraded Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Robert W. Baird cut their price target on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th.

Concentrix Price Performance

NASDAQ CNXC opened at $25.95 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -0.67, a PEG ratio of 0.49 and a beta of 0.52. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s fifty day moving average price is $27.27 and its 200 day moving average price is $26.18. Concentrix has a 1 year low of $19.12 and a 1 year high of $48.47.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings results on Tuesday, September 29th. The company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.21. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Concentrix had a positive return on equity of 25.00% and a negative net margin of 23.99%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.78 EPS. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. As a group, equities research analysts forecast that Concentrix will post 9.77 earnings per share for the current year.

Concentrix Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, October 23rd. This is a positive change from Concentrix’s previous quarterly dividend of $0.36. Concentrix’s dividend payout ratio (DPR) is presently -3.70%.

Institutional Trading of Concentrix

Several large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Concentrix during the second quarter worth $149,639,000. Pzena Investment Management LLC acquired a new position in Concentrix during the second quarter valued at $76,488,000. Dimensional Fund Advisors LP lifted its position in Concentrix by 18.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,951,378 shares of the company’s stock valued at $80,746,000 after purchasing an additional 460,108 shares during the period. Groupe Bruxelles Lambert acquired a new position in Concentrix during the second quarter valued at $68,000,000. Finally, Kopernik Global Investors LLC purchased a new stake in Concentrix in the first quarter valued at $44,523,000. 90.34% of the stock is owned by hedge funds and other institutional investors.

About Concentrix

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement, operational performance and digital experiences. The company provides customer experience management, business process outsourcing, technology services and consulting to organizations across industries including technology, retail, healthcare, financial services, communications and travel.

Its offerings include customer care and technical support, sales and revenue generation, fraud prevention, analytics, artificial intelligence, automation, digital transformation and back-office services.