Concentrix (NASDAQ:CNXC) Shares Down 7.3% – Time to Sell?

Concentrix Corporation (NASDAQ:CNXC)’s share price was down 7.3% during mid-day trading on Friday. The stock traded as low as $31.50 and last traded at $31.7510. Approximately 226,372 shares were traded during trading, a decline of 86% from the average session volume of 1,622,909 shares. The stock had previously closed at $34.25.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $45.00 price target on shares of Concentrix in a research report on Wednesday, September 30th. Weiss Ratings restated a “sell (d)” rating on shares of Concentrix in a research note on Thursday. Barrington Research dropped their target price on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 30th. Robert W. Baird cut 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. Finally, Bank of America restated a “neutral” rating and issued a $29.00 price target on shares of Concentrix in a research report on Thursday, October 1st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.50.

Concentrix Stock Down 4.8%

The firm has a fifty day moving average price of $27.81 and a 200 day moving average price of $26.30. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -0.84, a P/E/G ratio of 0.57 and a beta of 0.52.

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

Concentrix Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 3rd. Stockholders of record on Friday, October 23rd will be given a dividend of $0.37 per share. This is an increase from Concentrix’s previous quarterly dividend of $0.36. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, October 23rd. Concentrix’s payout ratio is -3.70%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Concentrix in the second quarter valued at $149,639,000. 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 worth $80,746,000 after acquiring an additional 460,108 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Concentrix by 0.5% during the first quarter. Pzena Investment Management LLC now owns 2,943,212 shares of the company’s stock worth $80,526,000 after acquiring an additional 16,016 shares during the period. Groupe Bruxelles Lambert bought a new stake in shares of Concentrix during the second quarter worth approximately $68,000,000. Finally, Kopernik Global Investors LLC bought a new stake in shares of Concentrix during the first quarter worth approximately $44,523,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement and operational performance. Its offerings include customer experience management, digital operations, business process services, consulting, analytics, artificial intelligence, automation, and technology solutions.

The company supports customer care, technical support, sales, marketing, trust and safety, and back-office functions. Concentrix serves organizations across industries such as technology and electronics, retail, banking and financial services, healthcare, travel and transportation, communications and media, and automotive.

Concentrix operates across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.