Concentrix Corporation $CNXC Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of Concentrix Corporation (NASDAQ:CNXC) by 11.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 895,118 shares of the company’s stock after purchasing an additional 89,220 shares during the quarter. First Trust Advisors LP’s holdings in Concentrix were worth $24,490,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in shares of 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 during the last quarter. State of Wyoming grew its position in shares of Concentrix by 6.2% during the fourth quarter. State of Wyoming now owns 5,029 shares of the company’s stock worth $209,000 after buying an additional 293 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Concentrix by 4.7% in the fourth quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock worth $281,000 after buying an additional 303 shares during the last quarter. Brevan Howard Capital Management LP increased its stake in shares of Concentrix by 4.5% in the second quarter. Brevan Howard Capital Management LP now owns 8,951 shares of the company’s stock worth $473,000 after buying an additional 384 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in Concentrix by 1.1% in the second quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock valued at $1,923,000 after acquiring an additional 384 shares in the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Concentrix Price Performance

Shares of NASDAQ:CNXC opened at $25.41 on Wednesday. The company has a market cap of $1.55 billion, a PE ratio of -1.19, a P/E/G ratio of 0.45 and a beta of 0.47. Concentrix Corporation has a fifty-two week low of $19.12 and a fifty-two week high of $59.92. The firm has a 50-day simple moving average of $25.08 and a 200 day simple moving average of $29.49. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46.

Concentrix (NASDAQ:CNXC) last issued its earnings results on Monday, June 29th. The company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.01). The company had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.47 billion. Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.70 earnings per share. Concentrix has set its FY 2026 guidance at 10.830-11.180 EPS and its Q3 2026 guidance at 2.650-2.770 EPS. On average, sell-side analysts anticipate that Concentrix Corporation will post 9.67 EPS for the current year.

Concentrix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 4th. Investors of record on Friday, July 24th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, July 24th. This represents a $1.44 dividend on an annualized basis and a yield of 5.7%. Concentrix’s payout ratio is currently -6.75%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barrington Research reduced their price objective on shares of Concentrix from $38.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Zacks Research downgraded shares of Concentrix from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Concentrix in a research note on Friday. Canaccord Genuity Group decreased their price target on Concentrix from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Robert W. Baird cut their price objective on Concentrix from $40.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.75.

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.